Tag Archives: The Stars Group Inc

Rafi Ashkenazi – Bold FOX JV is the ideal platform for US domination

Hosting a special conference call, Rafi Ashkenazi Chief Executive of The Stars Group Inc, has detailed further insights and arrangements related to the firm’s announced joint venture ‘FOX Bet’, partnering with US national broadcaster FOX. Securing a 25-year commercial agreement, the Stars Group will act as lead sports betting and igaming services provider for the FOX Corporation. “This partnership gives …

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New Giant! Sky Bet business report outlines Stars Group’s enlarged vision

As anticipated the governance of Toronto TSX-listed The Stars Group Inc, has today published its ‘business acquisition report’, disclosing the audited financial statement of its acquired Sky Betting & Gaming (Sky Bet) asset. Updating the market, the Stars Group governance highlights the enterprise changing capacity of Sky Bet, a market leading UK online betting operator which has recorded revenues of …

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Stars Group revises guidance & accounting to reflect its enlarged identity

Toronto TSX-listed The Stars Group Inc has published its unaudited Q2 2018 results, and further revises its full-year corporate guidance, to reflect its new business entity having undertaken a series of transformative acquisitions. Updating the market, the Stars Group reports consolidated group revenues of $410 million up 29% on corresponding Q2 2017’s $305 million as the company reports growth across its …

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The Stars Group shows commercial muscle ahead of monster enlargement

Toronto TSX-listed The Stars Group Inc, has today published its Q1 2018 trading update (period ending 31 March), detailing strong corporate progress as the firm prepares for a significant enlargement of its operations, products/services, and overall business entity. The TSX enterprise reports growth across its core corporate metrics and KPIs, recording period group revenues of $393 million, up 23% on …

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The Stars Group changes corporate structure & debt capacity for Sky Bet acquisition

The Stars Group Inc has moved to restructure its corporate debt facilities, alongside its future operational structure to accommodate its agreed $4.7 billion (€3.9 billion) acquisition of Sky Betting & Gaming (SB&G). Detailing further insight of its industry-changing acquisition, Stars Group governance is set to pay ‘$3.6 billion cash’ to CVC Capital and Sky Plc for SB&G’s entire asset portfolio. …

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Game Changer! The Stars Group agrees to acquire Sky Bet for $4.7 billion

Toronto TSX-listed The Stars Group Inc continues its M&A drive, confirming this morning that it has reached an agreement with private equity firm CVC Capital Partners and Sky Plc to acquire Sky Betting & Gaming (SB&G) outright. Seeking to create the world’s ‘most valuable, listed online gambling enterprise’, the Stars Group governance has put forward a ‘cash and stock transaction valued …

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On a Tripp… Ashkenazi tasks CrownBet with delivering Australian gold

Toronto TSX-listed The Stars Group Inc has perhaps undertaken the industry’s boldest investment of 2018, expanding its global footprint within a drastically altered Australian online betting market. Yesterday Stars Group Chief Executive Rafi Ashkenazi confirmed that his firm would increase its recently acquired majority stake in CrownBet Holdings, from 62% to 80%. March 2018, has delivered a widespread change to …

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William Hill sells Australia business to CrownBet

The governance of William Hill Plc has today disclosed that it has signed a binding agreement to sell its William Hill Australia division to CrownBet for AUS $300 million (€185 million). The FTSE bookmaker had placed its William Hill Australia division under strategic review in January, as a result of the Australian government’s ban on credit betting and the likely …

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