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Posts Tagged ‘Group’

The Stars Group Buys Sky Betting & Gaming for $4.7 Billion

The Stars Group announced over the weekend that it has acquired Sky Betting & Gaming (SBG) for $ 4.7 billion in combination cash and stock deal. According to The Stars Group in a press release, the addition of Sky will make the company the largest publicly traded online gambling company. The Stars Group is clearly best known as an online poker company, as its name comes from its ownership of PokerStars, the world’s largest online poker room, but this purchase balances the company’s numbers quite nicely. The Stars Group says that if Sky, CrownBet and William Hill Australia (the latter two of which were also recently acquired) were counted in the 2017 financials, poker would make up just 37 percent of The Stars Group’s revenue. An almost equal number – 34 percent – would have come from sportsbook, while 26 percent would have been casino. “The acquisition of Sky Betting

GVC Holdings to Buy Ladbrokes Coral Group

Merry Christmas, Ladbrokes Coral Group shareholders. Last week, GVC Holdings, the parent company of partypoker, announced that it has come to an agreement to buy UK gaming powerhouse Ladbrokes Coral in a deal that could be worth as much as £4 billion. “In its relatively short time as a merged entity, Ladbrokes Coral has demonstrated why scale can be so effective in this market,” said John Kelly, Chairman of Ladbrokes Coral said in the announcement. “The management team have delivered a very successful merger that has created a leading betting and gaming business built on strong brands well positioned in key markets. We have a leading multi-channel offer that utilises our retail and on-line businesses and offers us a promising future.” He added: Notwithstanding that, the Ladbrokes Coral Board believes that the proposed combination with GVC accelerates our strategy to improve the customer experience, drive faster online growth and build

The Stars Group Owns PokerNews.com, Per PokerNews.com

PokerNews.com, one of the longest tenured poker news sites in the industry, admitted yesterday what was really a poorly-kept secret: it is owned by PokerStars. The revelation, which was surprising in that iBus Media – PokerNews’ corporate name – pretended like nobody really knew, was made during an internal conference call and then posted as a written article by iBus Media’s Head of Poker Content Joss Wood on Monday. The announcement came in the context of management relaying a new acquisition strategy because of “significant increases in both revenue and headcount.” Thus, the higher-ups felt it was time to clue its employees in on who owns PokerNews. Somehow, the staff didn’t know, but according to PocketFives President and Editor-in-Chief Lance Bradley (via tweet), employees had been told for a long time that the rumors were “BS,” so maybe that’s why. As Wood explained in the call/article, Antanas “Tony G” Guoga

Amaya Changes Name to The Stars Group

PokerStars parent company Amaya Inc. has finally made the transition it previewed this spring, embracing the power of the PokerStars brand and changing its corporate name to The Stars Group. Along with the rebranding comes a headquarters move from Montreal to Toronto. In a brief press release, the company said: TORONTO, Canada – August 1, 2017 – Amaya Inc. (Nasdaq: AYA; TSX: AYA) today announced that it has completed the previously announced change of its corporate name to The Stars Group Inc., continuance under the Business Corporations Act (Ontario) pursuant to which it has become an Ontario corporation, and move of its head office from Montreal to Toronto. The Stars Group’s common shares will begin trading under the ticker symbol “TSG” on the Nasdaq Global Select Market and “TSGI” on the Toronto Stock Exchange at market open today. In connection with the name change, The Stars Group also adopted a

ARIA Names Group of Players for 2017 Super High Roller Bowl

Buoyed by the attention – for better or worse – already garnered from previous events associated with it, the 2017 Super High Roller Bowl is ramping up to be a hotly contested battle this May. After choosing 35 players through a blind draw, the host casino ARIA in Las Vegas (the cohost of the tournament with the streaming network Poker Central) now has hand-picked 20 more players to join the field, leaving one more spot open for speculation. Originally the tournament was to be set at 50 players, but the throng of potential contestants that flooded the ARIA cages with their deposits for the $ 300,000 buy in tournament surprised and stunned both the casino and its broadcast partner. In total 54 players showed support for the tournament, forcing ARIA and Poker Central into a controversial decision to determine the field:  a blind lottery draw that saw 35 names chosen