Tag Archives: The Stars Group

New look Stars Group shows first glimpse of its enlarged capacity

Toronto TSX-listed The Stars Group Inc has published its first trading update as an enlarged enterprise, incorporating the acquired assets of Sky Betting & Gaming (Sky Bet) and BetEasy Australia. Closing a group-wide transformative period, the Stars Group announces Q3 2018 (period ending 30 September) group revenues totalling $570 million (Q3 2017: $330m).   The Toronto enterprise displays its enlarged …

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BetEasy swoops in as competitors crash on Melbourne Cup day

Melbourne Cup

BetEasy was the biggest benefactor in Australia as sports betting sites Sportsbet, Ladbrokes and Betfair all crashed on Melbourne Cup day – the biggest day on the nation’s betting calendar. As reported by The AGE, punters on Sportsbet, Ladbrokes and online betting exchange Betfair were temporarily unable to place bets on their smartphone apps or computers, while Tabcorp also reported …

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Industry giants headline shortlists for SBC Awards 2018

SBC Awards

Industry giant bet365 will be hunting a famous fifth consecutive Bookmaker of the Year title at this year’s SBC Awards, but an array of big hitters are ready to steal the show in front of more than 700 attendees at a stunning London venue – The Artillery Garden at the HAC. The shortlists for the 38 prizes were confirmed this …

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The Stars Group eyes all possibilities to maximise US growth

Having outlined that he was “very pleased” with The Stars Group interim performance, Group CEO Rafi Ashkenazi, states that he is open to further partnerships when it comes to capitalising on US expansion. Pending CMA approval, The Stars Group is on the brink of completing its $4.7 billion acquisition of Sky Bet, a transaction that will significantly strengthen its sports betting capabilities, …

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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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Tripp rebirths ‘BetEasy’ for CrownBet and William Hill Australia merger

The merger of CrownBet and William Hill Australia, formed under the majority ownership of Toronto TSX-listed The Stars Group Inc has led to the upcoming relaunch of ‘BetEasy’. Under the leadership of Australian industry veteran Matt Tripp, BetEasy will seek to become the leading player in the much-changed Australian online betting sector. Tripp had previously operated legacy online betting brand …

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Stars Group finalises lucrative Sky Bet acquisition

The Stars Group has announced today that it has completed its previously announced acquisition of Sky Betting & Gaming. The deal, which is believed to be worth around  $4.7 billion, comes after the Stars Group successfully executed its public share offering raising $622 million in capital for this acquisition. Rafi Ashkenazi, The Stars Group’s Chief Executive Officer, commented on the deal: “This …

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The Stars Group expands new private debt-note offering to $1 billion

Issuing a corporate update, Toronto TSX-listed the Stars Group Inc has informed that it will add a further $250 million to its proposed private unsecured senior note/loan offering. Seeking to complete its $4.7 billion acquisition of Sky Betting & Gaming (Sky Bet), the Stars Group governance will move to expand its senior debt-financed loan to $1 billion (transaction first announced …

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Target Hit… The Stars Group seals + $600 million in successful share placement

Updating the market, Toronto TSX-listed The Stars Goup Inc completes a busy week in which the company has successfully executed its public share offering raising $622 million in capital for its acquisition of Sky Betting & Gaming (Sky Bet). Last week, the Stars Group governance alerted investors that it would proceed with a new public share offering selling a combined …

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Stars Group launches private note offering for $750 million

Moving to complete its $4.7 billion acquisition of Sky Betting & Gaming (SB&G), Toronto TSX-listed the Stars Group Inc, has further announced that it will launch a private unsecured loan offering for $750 million. Updating the market, the Stars Group governance will undertake its additional $750 million debt financing through private/institutional investors, with the loan placement set to mature in …

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