TORONTO – April 21, 2018 – The Stars Group Inc. (NASDAQ: TSG; TSX: TSGI) (“The Stars Group” or “the Company”) announced today that it has agreed to acquire Sky Betting & Gaming (“SBG”) from CVC Capital Partners (“CVC”) and Sky plc (LSE: SKY) (“Sky”) 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. Stars bought Sky Betting and Gaming for $4.7bn in April 2018. The CMA decided that punters would not receive less favourable odds or less generous promotions as a result of the tie-up, because of Sky Betting & Gaming . Sky Betting & Gaming ("SBG") is the UK's leading mobile-led betting and gaming operator, providing real-money gaming and a diversified gaming product portfolio to customers in the UK, Ireland, and elsewhere in Europe. Since 2000, SBG was one of the first operators to recognize the potential of online and then mobile platforms, and to deliver fun, entertaining and quality The Stars Group, parent company of PokerStars and Sky Bet, has relaunched BetStars under the new sports betting brand “Sky Bet by Stars” in the Italian regulated market. It is the first time the operator has launched a new brand that encompasses both its legacy “international” Stars brands and its Sky names acquired last year. The merger of Flutter PLC, the owner of Paddy Power and Betfair, with the Stars Group, a Canadian operator that bought Sky bet in 2018, was proposed last year. It was cleared by the competition commission and formally ratified by on Tuesday. To learn more about Flutter PLC and it’s background follow this link: – https://www.flutter.com This is a developing story and will be updated. The Stars Group announced on Saturday morning that it had acquired UK-focused Sky Betting & Gaming in a cash and stock deal worth $4.7 billion.. The Stars Group + Sky Bet. With that, the parent company of online poker giant PokerStars made its intentions to be a major part of the international sports betting market known loudly. Fox Corp. is buying 4.99% of gaming giant Stars Group Inc. and starting its own sports wagering platform -- by far the biggest media investment yet in the burgeoning U.S. sports-betting market. Stars Group is set to by Sky Betting and Gaming, which includes the Sky Bet brand, sponsor of the English Football League Credit: Clint Hughes/PA Anna Isaac 21 April 2018 • 9:38pm Canadian owner of PokerStars close to £2.6bn swoop on Sky Bet. Toronto-listed Stars Group is close to a £2.6bn takeover of the English Football League sponsor Sky Bet, Sky News learns. The Stars Group has announced today that it has completed its previously announced acquisition of Sky Betting & Gaming. The deal, which is believed to be worth around $4.7 billion, comes after the Stars Group successfully executed its public share offering raising $622 million in capital for this acquisition.
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