Tag Archives: Rafi Ashkenazi

Flutter and Stars ‘confident’ of mega-merger green light

Following this morning’s announcement that The Stars Group (TSG) is to be acquired by Flutter Entertainment, board members have emphasised their confidence that the mega-merger would gain the necessary regulatory approvals to go ahead. Confirmed in a conference call with both investors and industry analysts, Flutter chief executive Peter Jackson emphasised that he believed there should be no concerns regarding …

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Flutter and Stars Group agree takeover deal

In the latest mega-merger to hit the gambling industry, The Stars Group (TSG) is to be acquired by Flutter Entertainment, operator of Betfair, FanDuel and Paddy Power via an all-share combination.  Immediately following completion of the Combination, Flutter Shareholders would own approximately 54.64 per cent and TSG Shareholders would own approximately 45.36 per cent of the share capital of the Combined Group. …

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Stars Group revises 2019 guidance citing enlargement responsibilities

Toronto TSX-listed The Stars Group Inc has revised its full-year guidance after citing a number of market headwinds. Publishing its interim H1 2019 trading update (period ending 30 June), the Stars Group has adjusted its 2019 revenue guidance to $2.5-2.58 billion mark (previous form $2.6-2.76 billion) and reduced its EBITDA guidance to $905-930 million, having previously held a 2019 earnings target …

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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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Global Stars Group updates long & mid-term operating directives

The executive team of Toronto TSX-listed The Stars Group Inc has today disclosed the firm’s medium-to-long term directives, having significantly enlarged its global identity acquiring Sky Betting & Gaming (Sky Bet) and the Australian assets of CrownBet and William Hill Australia. Today in New York, the Stars Group hosted its ‘Investor Day’, outlining core potential growth opportunities, medium-term financial planning, …

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Rafi Ashkenazi: Stars Group will take advantage of UK disruption

Rafi Ashkenazi, Chief Executive of the Stars Group Inc, has stated that effective integration of Sky Betting and Gaming (SBG) assets will simply lead to an enlarged Stars Group taking a larger market share of UK gambling. During the close of 2018, all listed gambling operators detailed tough trading, adjusting to new UK market conditions. For Ashkenazi, this represents the …

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Q4 revenues highlight growth potential for enlarged Stars Group

Toronto TSX-listed The Stars Group Inc has published its Q4 and full-year 2018 accounts, detailing that it has completed a ‘landmark year’, laying the foundations for its future global growth initiatives. Incorporating the assets of Sky Bet and BetEasy Australia, an enlarged Stars Group records group revenues of $2.1 billion (FY2017: $1.3bn), with the company detailing that it now operates …

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Toby Bentall to take up CEO role at rebranded Oddschecker Global Media

Oddschecker Managing Director Toby Bentall will take up the role of CEO at the newly rebranded Oddschecker Global Media. The rebrand comes as Oddschecker merges with iBus Media, majority owned by Stars Group, to create a ‘new superpower affiliate business’, PokerTube has reported. The merger is a result of Stars Group’s acquisition of Sky Bet, with the Toronto TSX-listed firm …

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The Stars Group unites with Eldorado to enhance market access

As part of a 20-year definitive agreement with Eldorado Resorts, The Stars Group (TSG) will gain access to Eldorado Resorts’ online sports betting skins in the states where Eldorado owns or operates casino properties. The deal is structured so that TSG gets first skin rights for Eldorado’s multiple casino property states, and ‘second skin’ for all others. Additionally, TSG will have an option to access …

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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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