Tag Archives: Rafi Ashkenazi

New look Stars Group shows first glimpse of its enlarged capacity

SBC News 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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CMA clearance sees Stars Group revamp Sky Bet’s leadership structure

SBC News CMA clearance sees Stars Group revamp Sky Bet's leadership structure

Toronto TSX-listed The Stars Group Inc has this afternoon confirmed that it has been granted approval by the UK Competitions & Markets Authority (CMA) to finalise its $4.7 billion acquisition of Sky Betting & Gaming (Sky Bet). Securing its CMA clearance, the Stars Group governance will begin executing its integration plans, which sees the TSX enterprise announce a new leadership …

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

SBC News 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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The Stars Group eyes all possibilities to maximise US growth

SBC News 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

SBC News 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

SBC News 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

SBC News 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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Stars Group launches private note offering for $750 million

SBC News 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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The Stars Group shows commercial muscle ahead of monster enlargement

SBC News 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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Rafi Ashkenazi – New look Stars Group will be online gambling’s MVP

SBC News Rafi Ashkenazi - New look Stars Group will be online gambling's MVP

Addressing The Stars Group Inc investors, Group Chief Executive Rafi Ashkenazi has detailed his firm’s newly enlarged global gaming vision, having completed three industry-defining acquisitions in under two months. As the global betting sector prepares for a crucial summer of football trading, Ashkenazi states that the Stars Group has acquired ‘the world’s best online sportsbook in Sky Bet’. Combining Sky …

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