Tag Archives: TSX

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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Done Deal…Scientific Games completes NYX Gaming acquisition

Issuing a corporate statement, Nasdaq-listed gambling technology provider Scientific Games Corporation (SGC) has today confirmed that it has completed its acquisition of online gambling platform and software supplier NYX Gaming Group. SGC governance closes its pursuit of Toronto TSX-listed NYX Gaming, which began in September 2017, when the technology firm proposed a $630 million deal to acquire NYX assets outright. …

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The Stars Group completes legacy investments sell-off

BetBright

Updating the market, Toronto TSX-listed online gambling firm The Stars Group Plc has informed that it has completed a divestiture of all corporate legacy investments. The Stars Group confirms the complete the disposal of its 7.5% shareholding in London-listed online gambling firm Jackpotjoy Plc for net cash proceeds of $60 million. The company had alerted investors last week that it would proceed …

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The Stars Group hails ‘Stars Rewards’ loyalty program success in Q3 2017 trading

Presenting its Q3 2017 trading update (period ending 30 September), Toronto TSX-listed online gambling firm The Stars Group Inc, states that it is confident of achieving its full-year 2017 targets and expectations following robust trading and KPI gains. Updating the market, Stars Group would report Q3 2017 group revenues of $329 million, up 21% on corresponding Q3 2016’s $270 million. …

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BetStars gains Czech Rep betting approval

Czech news sources have reported that The Stars Group online betting subsidiary BetStars, will become the first international betting operator to service the newly regulated Czech Republic online gambling market. Last week, Czech news sources reported that the Czech Finance Ministry had published details of approved licensed operators for its new online betting regime, with BetStars featuring as the sole …

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Tabcorp reviews current business assets as Tatts merger decision looms

Entering a new financial year, Australia ASX-listed gambling group Tabcorp Holdings has detailed a solid opening for its 2018 operating guidance, publishing its opening quarter trading statement (period ending 30 September). Although no longer required to provide quarterly trading statements, due to its ongoing merger with Tatts Group, Tabcorp governance has proceeded to update its investors and stakeholders. Tabcorp would …

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The Stars Group ups 2017 earnings guidance following ‘busy’ H1 2017

Toronto TSX-listed The Stars Group (formerly Amaya Inc) has today published its H1 2017 interim results (period ending 30 June) detailing continued growth across all its core reporting metrics. Driven by high player activity across its product channels, Stars Group would report H1 2017 group revenues of $622 million, up 8% on corresponding 2016’s $574 million. A pleased Stars Group …

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Amaya governance proposes name change to ‘The Stars Group Inc’

Further to publishing its Q1 2017 trading update, Amaya Inc governance has informed investors that it has moved to propose a corporate name change to ‘The Stars Group Inc’. The Toronto-listed gambling group informs that its proposed name change to The Stars Group will be voted on at the upcoming annual shareholders meeting. Further to the name change, Amaya governance …

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Amaya ups 2016 revenue & earnings guidance but warns of 2017 currency impacts

The governance of Toronto TSX-listed Amaya Inc has this morning issued an update to the firm’s full-year 2016 guidance, adjusting upwards its top-line metrics for revenue and earnings results. In its latest trading update, Amaya governance details that FY 2016 revenues will range between $1.153-1.158 billion, as compared to its previous guidance of $1.137-1.157 billion. Further positives see Amaya governance …

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Intertain sets target date for LSE listing

Issuing a corporate statement Intertain Group Limited (Intertain), has announced that it expects its full listing on the London Stock Exchange under new entity ‘Jackpotjoy Plc’ to take place on Wednesday 25 June. The company had first announced its intention to migrate its corporate listing from the Toronto TSX to London’s LSE in August 2016. Presenting plans to its investors, …

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