Playtech Plc has notified investors that it has agreed to purchase ‘a low, single-digit percentage stake in Hard Rock Digital (HRD)’ – the online gambling subsidiary of US entertainment and leisure group Hard Rock International (HRI). The investment will amount to $85m (€80m), and will be used to fund HRD’s global expansion plans to the benefit of Playtech’s commercial pipeline …
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Flutter Entertainment Plc has disclosed a number of boardroom-level changes, governing the FTSE100 gambling group. Current Deputy-Chairman Divyesh Gadhia and long-term Non-Executive Director Peter Rigby have individually confirmed that they intend to retire from boardroom duties following Flutter’s annual general meeting scheduled for 29 April. The FTSE firm has secured forthcoming replacements, confirming that Holly Koeppel and Nancy Dubuc will …
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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, …
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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 …
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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, …
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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 …
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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 …
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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 …
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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 …
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