Tag Archives: The Stars Group

M&A movements see The Stars Group increase debt capacity

SBC News M&A movements see The Stars Group increase debt capacity

Toronto TSX-listed online gambling firm The Stars Group Inc, has secured a repricing of its $/€ ‘first lien’ debt notes, combined with a further extension of its corporate revolving credit facility. In 2017, the Stars Group governance used approximately $95 million of its available debt capacity to repay its higher-cost $ ‘second lien’ corporate debt notes. Updating investors, the Toronto …

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AgiproNews’ Italian View – PokerStars enhances its position in record breaking March

SBC News AgiproNews’ Italian View – PokerStars enhances its position in record breaking March

March 2018 has been a fruitful month for Italian online casino stakeholders, setting a new industry revenue record of €60.6 million, Italy’s highest trading figure to date. The Stars Group’s Italian PokerStars property maintains its position as top Italian online casino securing a marketplace revenue share of 9%. However, PokerStars.it is closely followed by legacy casino incumbents Lottomatica and Sisal, …

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Stars Group prepares for Indian facing Pokerstars launch

SBC News 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

SBC News 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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The Stars Group moves to quickly expand Australian investment

SBC News 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

SBC News 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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The Stars Group promotes Christopher Coyne to Group Marketing lead

SBC News The Stars Group promotes Christopher Coyne to Group Marketing lead

Toronto TSX-listed online gambling firm The Stars Group Inc has confirmed the promotion of Christopher Coyne to the leadership position of Group Chief Marketing Officer (CMO) with immediate effect. Coyne has previously served as Chief Customer Officer (CCO) since September 2017, joining The Stars Group executive team from Australian casino & leisure operator Crown Resorts Ltd, where he served as …

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Stars Group appoints Observer to its Board of Directors

Copyright: bacho12345 / 123RF Stock Photo

The Stars Group Inc. has announced today that it has entered into an agreement with Mr. Tang Hao and his affiliated entity Discovery Key Investments Limited. Mr. Tang Hao currently holds 26,455,200 common shares of the Company, representing approximately 17.9% of the outstanding common shares of The Stars Group. In connection with that agreement, Melvin Yanmin Zhang has been appointed …

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