Tag Archives: pokerstars

Flutter bulks up for global dominance as TSG merger objectives are achieved

SBC News Flutter bulks up for global dominance as TSG merger objectives are achieved

Flutter Entertainment Plc has exceeded 2020 corporate objectives by demonstrating its ‘unparalleled scale and diversification’ after completing the first year of its transformative merger with The Stars Group Inc (TSG). Publishing its 2020 preliminary results, the FTSE100 group doubled its corporate revenues to £4.4 billion (FY2019: £2.1bn) which Flutter stated is a reflection of its successful incorporation of TSG assets …

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UK Gambling PLCs take centre stage on Budget week

SBC News UK Gambling PLCs take centre stage on Budget week

UK gambling will be at the forefront of global business headlines and further M&A speculation this week as its ‘big-three’ PLCs declare their end-of-year results having navigated the events of an unprecedented 2020.    Opening the FTSE bell on Tuesday 2 February, Flutter Entertainment will publish its 2020 financial results, with City and Wall Street eyes eager to gauge the …

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Flutter to appeal Kentucky Court’s $870m TSG ruling

SBC News Flutter to appeal Kentucky Court’s $870m TSG ruling

Flutter Entertainment is expected to appeal a $870 million ruling made by the Kentucky Supreme Court, having argued that the litigation ran contrary to modern US legal precedent. The case, which was reversed in late 2018, was initially filed by the Commonwealth of Kentucky in 2010, approximately four years prior to The Stars Group’s (TSG) acquisition of the PokerStars business.  …

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Flutter exceeds Q3 expectations with double-digit growth across all brands

flutter

Flutter Entertainment Plc has reported a strong Q3 2020 trading update, in which the enlarged FTSE100 operator highlighted a growth in market share across its brand portfolio in addition to merger directives remaining ahead of schedule. Driven by the return of global sports, Flutter secured double-digit growth across all core metrics as group revenues topped £1.32 billion, up 27% on …

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‘Deal maker’ Rafi Ashkenazi ends Flutter tenure 

SBC News ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure 

Flutter Entertainment has confirmed that former The Stars Group Inc (TSG) Group Chief Executive Rafi Ashkenazi has chosen to end his responsibilities as a non-executive director of the company, effective immediately.   The confirmation of Ashkenazi’s departure follows Flutter publishing its 2020 interim statement this morning, in which corporate governance underlined that it would accelerate technology integrations and regulatory alignment with …

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PokerStars moves to refresh global appeal with ‘I’M IN’

SBC News PokerStars moves to refresh global appeal with ‘I’M IN’

PokerStars has refreshed its marketing profile under the new ownership of FTSE100 Flutter Entertainment Plc by launching its new global advertising campaign – ‘I’M IN’.  Promoting PokerStars full product range of online poker, casino and sportsbook, I’M IN, is the first advertising campaign launched by the operator under the creative guidance of new marketing agency Anomaly. Last summer, the Stars …

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UK drives Stars Group growth despite international ‘disruptions’

SBC News UK drives Stars Group growth despite international ‘disruptions’

Publishing its results for the fourth quarter and year ended December 31 2019, Toronto TSX-listed The Stars Group Inc has lauded strong growth across its UK division despite international betting revenue falling by 8.3% for the year.  Stars Group revealed that its new UK and Australian divisions delivered growth in the year, which was ‘largely driven by strong underlying trends …

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Enlarged Stars Group focuses on debt reduction despite Flutter movements

SBC News Enlarged Stars Group focuses on debt reduction despite Flutter movements

Toronto TSX-listed The Stars Group Inc underlines its corporate focus of integrating its new international sportsbook assets and reducing its debt load, after publishing its Q3 2019 trading update (period ending 30 September). Incorporating the assets of Sky Bet (UK) and its newly formed Australia division merging Crownbet and William Hill AUS, the Stars Inc records an 8% increase in Q3 …

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PokerStars begins Paysafe ‘Rapid Transfer’ Euro rollout

SBC News PokerStars begins Paysafe 'Rapid Transfer' Euro rollout

The Stars Group Inc’s flagship online poker brand PokerStars is set to boost its transactional capabilities by rolling-out Paysafe Group’s ‘Rapid Transfer’ solution across ten European territories. Launched in 2016 with the aim of bolstering merchant seamless transaction capacities and further improving all-round user conversions, Paysafe’s Rapid Transfer allows digital consumers to make payments instantly from their bank account, without …

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The Stars Group deepens Right to Play commitment

SBC News The Stars Group deepens Right to Play commitment

Toronto TSX-listed The Stars Group Inc has confirmed that it will extend its partnership with global charity partner ‘Right to Play’ for a further two years, aiming to raise £1 million to help provide education for the world’s poorest and most vulnerable children. Founded in 2000 by Norwegian speed skating Olympian Johann Olav Koss, Right to Play is an international …

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