Tag Archives: Rafi Ashkenazi

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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PokerStars set for Indian launch this month

The Stars Group has unveiled the date of its Indian debut, set to be made in conjunction with Sugal & Damani Group, beginning on April 17. PokerStars.IN is to be available across the majority of the nations states, on the mobile and desktop variants, affording the majority of the adult Indian population online poker in Indian Rupees. With the new …

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Stars Group prepares for Indian facing Pokerstars launch

Pokerstars is set to enhance its global assault of the online poker world, courtesy of the launch of Indian facing website pokerstars.in. As reported by glaws.in, its Canadian based parent firm The Stars Group has partnered with lottery and gaming conglomerate, Sugal & Damani, with sources indicating that the offering is believed to be going live in the coming weeks. …

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The Stars Group hits revenue & earnings high notes ahead of 2018 enlargement

Publishing its full-year 2017 results (period ending 31 December), Toronto TSX-listed The Stars Group Inc declares a year of transformative change and evolution for its services and operations. The TSX online gambling group sustains double-digit growth across its core metrics and KPIs, with Stars Group further strengthening its product diversification and international growth strategy. In 2017, Stars Group corporate revenues …

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On a Tripp… Ashkenazi tasks CrownBet with delivering Australian gold

Toronto TSX-listed The Stars Group Inc has perhaps undertaken the industry’s boldest investment of 2018, expanding its global footprint within a drastically altered Australian online betting market. Yesterday Stars Group Chief Executive Rafi Ashkenazi confirmed that his firm would increase its recently acquired majority stake in CrownBet Holdings, from 62% to 80%. March 2018, has delivered a widespread change to …

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The Stars Group moves to quickly expand Australian investment

Following this morning’s news that William Hill has sold its entire Australian business division to competitor CrownBet for AUS $300 million (€185 million), Toronto TSX-listed The Stars Group Inc has moved to strengthen its Australian position. Issuing a market update, Stars Group informs that it will move to increase its equity in CrownBet from 62% to 80%. On 27 February, …

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The Stars Group gains Australian vision acquiring 62% stake in CrownBet

Updating the market, Toronto TSX-listed The Stars Group Inc has confirmed that it has acquired a majority 62% holding in Australian online betting operator CrownBet Holdings, for an aggregated sum of $117 million (€95 million). The Stars Group, acquires its controlling stake in CrownBet, from Australian casino and leisure operator Crown Resorts Limited, who had placed the online bookmaker up …

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Stars Group appoints Andrew Lee as new BetStars leader

Toronto TSX-listed online gambling firm, The Stars Group Inc, has this morning confirmed the appointment of Andrew Lee as new Managing Director of its BetStars division. Lee the former Managing Director of William Hill Online (2012-2016), will succeed current incumbent Zeno Osskó as BetStars MD, and is expected to takeover the sports betting division’s leadership duties on 29 January. Confirming …

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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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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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