Tag Archives: Toronto

Updating the market, Toronto TSX-listed The Stars Goup Inc completes a busy week in which the company has successfully executed its public share offering raising $622 million in capital for its acquisition of Sky Betting & Gaming (Sky Bet). Last week, the Stars Group governance alerted investors that it would proceed with a new public share offering selling a combined …

Toronto TSX-listed The Stars Group Inc has today published a market update disclosing the target price attached to its public share offering, first announced on Monday 18 June 2018. The Stars Group governance will move forward on a $38.00 per common share price, with the company having secured underwriters to purchase 17 million common shares, with a further 8 million …

Sports betting software and market trading services provider Amelco, has this morning confirmed that it has renewed its lead sportsbook supplier contract with The Stars Group Inc subsidiary BetStars. Updating the market, London-based Amelco will continue to act as lead platform technology provider for BetStars, a partnership that it has serviced since the brand’s launch in 2015. Issuing a short …

London-listed racing and betting systems provider Sportech Plc has ended its +6 month search for a new corporate financial leader, confirming the appointment of Thomas Hearne as new Group Chief Financial Officer (CFO). Hearne is expected to take official Sportech CFO duties on 14 May, and will be further appointed to the firm’s Board of Directors. Sportech governance had begun …

London-listed betting and racing systems provider Sportech Plc has detailed its corporate recovery plan, following a tough 2017 in which the company restructured its operations having undertaken strategic review and cost reduction programme.   Publishing its full-year 2017 results, Sportech governance declares corporate losses of £23 million, as company trading was impacted by a number of high-cost write-downs. In its …

The Stars Group Inc has moved to restructure its corporate debt facilities, alongside its future operational structure to accommodate its agreed $4.7 billion (€3.9 billion) acquisition of Sky Betting & Gaming (SB&G). Detailing further insight of its industry-changing acquisition, Stars Group governance is set to pay ‘$3.6 billion cash’ to CVC Capital and Sky Plc for SB&G’s entire asset portfolio. …

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 …

A grim week for London-listed betting and racing systems provider Sportech Plc has seen its share price halved, as corporate governance halts its planned enterprise sale. On Wednesday, Sportech published a corporate update, confirming that it had uncovered a ‘series of accounting irregularities for 2017 trading’. The unexpected event, sees Sportech governance anticipate 2017 corporate earnings to ‘fall below expectations’ …

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 …

Betfred has strengthened its Rugby League relationship, with an extension of its sponsorship deal with the sports governing body. Fresh off the back of it’s 2017 debut season as title partner of the Super League, including the spectacle of the Old Trafford hosted Grand Final, won by the Leeds Rhinos, the UK based bookmaker has increased its involvement in the …