Tag Archives: Stars Group Inc

Stars Group investors back Flutter combination outright

Gambling’s merger between Flutter Entertainment Plc and The Stars Group Inc (TSG) has cleared a further  hurdle, as this afternoon TSG shareholders approved terms forming a new $11 billion entity. Issuing a corporate filing, TSG governance confirmed that company investors had voted 99% in favour of completing the merger deal with Flutter. TSG’s merger approval follows Flutter’s shareholder vote on Tuesday, …

Read More »

Stars Group institutional advisors back Flutter combination

Supporting its current merger schedule, the board of The Stars Group Inc (TSG) has revealed that independent advisories’ ISS Governance and Glass Lewis have approved deal terms backing a multibillion-pound combination with Flutter Entertainment. ISS and Glass Lewis were appointed by TSG investors to act as independent institutional advisors, undertaking due diligence of deal terms for the benefit of TSG …

Read More »

Stars Group retains Q1 confidence despite COVID-19 impact

The Stars Group said that Q1 2020 trading is currently ‘ahead of expectations’, but the Toronto TSX-listed enterprise anticipates encountering near-term COVID-19 disruptions. Updating investors today, Stars Group explained that it has maintained ‘strong underlying momentum’ within its UK (Sky Bet) and Australia (BetEasy) divisions, which gives it confidence that a sequential improvement in quarter earnings will be delivered. “Overall, …

Read More »

Stars Group sanctions full buyout of BetEasy Australia

The Stars Group governance has enforced its majority rights to acquire the remaining 20% shareholding in Australian market subsidiary BetEasy. Issuing a corporate filing, Stars Group confirms that it has agreed with minority investors to purchase BetEasy’s remaining shareholding for AUS $151 million (€93m) – with governance further agreeing to settle AUS $100 million (€60m) in previous performance incentives related …

Read More »

Richard Flint confirms Sky Bet departure

The Stars Group Inc has confirmed that Richard Flint has chosen to end his tenure as Executive Chairman of Sky Betting & Gaming (Sky Bet). Flint departs Sky Bet following 17-years with the company, serving from 2001-to-2018 in the capacities of Managing Director and Chief Executive. Regarded as one of global betting’s leading figureheads, Flint is credited for turning Sky …

Read More »

Stars Group to publish Sky Bet business report on 17 September

Updating the market, the governance of Toronto TSX-listed The Stars Group Inc has confirmed that it will publish a ‘business acquisition report’ (BAR) related to its $4.7 billion takeover of Sky Betting & Gaming on Monday 17 September 2018. The report will include Sky Betting and Gaming’s audited financial statements for the fiscal year ending 30 June 2018 as well …

Read More »

Stars Group appoints Andrew Lee as new BetStars leader

Toronto TSX-listed online gambling firm, The Stars Group Inc, has this morning confirmed the appointment of Andrew Lee as new Managing Director of its BetStars division. Lee the former Managing Director of William Hill Online (2012-2016), will succeed current incumbent Zeno Osskó as BetStars MD, and is expected to takeover the sports betting division’s leadership duties on 29 January. Confirming …

Read More »