The Stars Group

$12.3bn merger creates world's biggest betting, gaming co

Last updated : Oct 03, 2019 23:10
SportzPower Team
Oct 03, 2019 13:10

DUBLIN, Ireland: Flutter Entertainment plc, formerly Paddy Power Betfair, and The Stars Group (TSG), parent company of PokerStars, announced Wednesday agreement on the terms of a recommended all-share combination to be implemented through an acquisition of TSG by Flutter.  

The merger, aimed at taking advantage of opportunities in the US after the Supreme Court legalized sports betting, will create a behemoth in the online gambling industry, valued at £10 billion ($12.3 billion) and which generates some £4 billion in annual revenue, the companies announced Wednesday.

Jun 14, 2019 14:06
Poker brand extends Right to Play partnership
ONCHAN, Isle of Man: The Stars Group has announced its support of charity partner Right To Play for a further two years with the aim of raising £1 million more to help provide a quality education to some of the world's most vulnerable children.
May 09, 2019 12:05
Fox makes sports betting play with Stars stake buy
LOS ANGELES: Fox Sports, a unit of Fox Corporation, is buying 4.99% stake in gaming giant The Stars Group Inc.
Dec 12, 2018 17:12
NBA announces gaming operator of the league
NEW YORK: The National Basketball Association (NBA) and The Stars Group Inc. Tuesday announced a new multiyear partnership that will make The Stars Group an authorized gaming operator of the NBA in the US.   The partnership is The Stars Group's first with a professional sports league in the US. 
Apr 23, 2018 16:04
the stars group logo
PokerStars parent acquires Sky Bet for $4.7bn
TORONTO: The Stars Group (TSG), parent company of PokerStars, announced at the weekend that it has agreed to acquire Sky Betting & Gaming (SBG) from CVC Capital Partners and Sky plc in a cash and stock transaction valued at $4.7 billion.  This combination will result in the world's largest publicly listed online gaming company.
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