Tag Archives: Toronto

Luckbox outlines final TSXV roadmap

Luckbox has revealed its final IPO schedule, as the esports bookmaker anticipates an early October listing on the Toronto TSX Ventures Exchange (TSXV). Updating investors, the Isle of Man-based operator confirms that it has closed its pre-IPO bookbuild, securing back-to-back oversubscribed funding rounds raising a total of CAD $5 million (€3.3m). Luckbox management states that the ‘significant upsizing’, is a …

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Luckbox raises CAD $3.8m ahead of TSX IPO

Luckbox has confirmed that it has completed a CAD $3.8 million (€2.5m) funding round, as it imminently prepares to list on the Toronto TSX Venture Exchange. The esports bookmaker outperformed its expectations by announcing that investors oversubscribed to its funding round, which had originally targeted a range of CAD $2-3 million. Satisfying investor interest, Luckbox has confirmed that it will …

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Stars Group sanctions full buyout of BetEasy Australia

The Stars Group governance has enforced its majority rights to acquire the remaining 20% shareholding in Australian market subsidiary BetEasy. Issuing a corporate filing, Stars Group confirms that it has agreed with minority investors to purchase BetEasy’s remaining shareholding for AUS $151 million (€93m) – with governance further agreeing to settle AUS $100 million (€60m) in previous performance incentives related …

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PokerStars decline see The Stars Group reduce IoM headcount

The governance of Toronto TSX-listed The Stars Group Inc has confirmed that it will reduce employee headcount within its Isle of Man office, restructuring its flagship PokerStars online gambling division. Stars Group governance has chosen not to disclose specific figures with regards to staff being made redundant from its Isle of Man offices, which have served as the company’s operational …

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JPJ Group terminates InterCasino and Vera&John’s UK presence

London-listed JPJ Group has confirmed that it will retire its Vera&John and InterCasino brands from the UK market, choosing to focus its home market presence through flagship domain Jackpotjoy. JPJ has communicated to existing UK customers that the online casino brands will be officially shut down on Tuesday 3 September, with the operator no longer accepting new player registrations. “We’ve …

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FSB accelerates growth strategy with £23m Clairvest Toronto backing

FSB

Industry sports betting and turnkey platform provider FSB Technology (FSB) has accelerated its enterprise strategy, having secured £23 million in working capital from Toronto TSX-listed private equity firm Clairvest Group Inc. The growth equity investment sees Clairvest become the majority investor in FSB, as the technology firm seeks to expand its platform services across regulated markets to help industry incumbents …

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FOX Sports partnership sees The Stars Group make its US multimedia play

The governance of Toronto TSX-listed The Stars Group Inc has announced the foundation of its first US strategic joint venture ‘FOX Bet’ in partnership with national sports broadcaster FOX Sports a subsidiary of media conglomerate FOX Corporation. Updating investors, the Stars Group details that it will launch a ‘first-of-its-kind’ sports media and wagering venture working alongside FOX Sports. ‘The Stars …

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Changing global dynamics see Paddy Power Betfair & Stars Group discuss giant merger plans

The Sunday Times has this weekend reported that the governances of Paddy Power Betfair (PPB) and The Stars Group Inc held mutual talks in late 2018, discussing a ground-breaking merger. The two enterprises, which are competing to dominate global gambling’s new landscape disrupted by the repeal of US PASPA federal laws, multiple changes in European regulatory frameworks and the UK’s enforced …

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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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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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