The Stars Group Incorporated To Purchase Sky Betting and Gaming

April 25, 2018 by

The Stars Group Incorporated, a Canadian online casino operator, has revealed that their board of directors has approved a new deal to acquire ownership of their long-time British rival, Sky Betting and gaming.

The Stars Group Incorporated is well known in the industry, and have released famous brands such as PokerStars and FullTilt over the last few years. They have revealed tat the agreement to buy Sky Betting and Gaming is expected to be finalised sometime during the third quarter of this year. This was announced after a cash payment of $3.6 billion, which is alongside the issuance of $1.1 billion of common shares.

Chief Executive Officer for The Stars Group Incorporated, Rafi Ashkenanzi has since stated that the acquisition is a ‘landmark moment’ in the firm’s history, and that it will compliment its own industry-leading poker platform. He has gone on to state the following, “Sky Betting and Gaming operates one of the world’s fastest growing sportsbooks and is one of the United Kingdom’s leading gaming providers. Following the transaction, The Stars Group Incorporated will have significantly enhanced scale and a highly-regarded brand portfolio. As a result, we are well positioned to realize our vision of becoming the world’s favourite iGaming destination.”

In turn, Sky Betting and Gaming CEO Richard Flint has made his own statement, “We are delighted to join forces with The Stars Group Incorporated. This transaction allows us to offer our best-in-class products to a truly global audience. We’re excited about our future together.”

TOP canadian CasinosMay 2018
#CasinoCARatingBonusPlay
1 IE allowed5/5$1000 CAD Play now
Review
2 IE allowed4.9/5$800 CAD Play now
Review
3 IE allowed4.8/5$350 CAD Play now
Review
4 IE allowed4.7/5$1600 CAD Play now
Review
5 IE allowed4.6/5$750 CAD Play now
Review

Sophie Lise

More About

Sophie Lise has spent a long time enjoying the sights and sounds that Canadian casinos have to offer, and has paid particular attention to the slots this country provides access to. She has now opted to share what knowledge and information she has managed to gather along the way, and regularly contributes to CanadianOnlineSlots.net.
Her original thinking, honest, straightforward writing style, and uncanny ability to spot the next big thing has earned her many followers, and she enjoys engaging with her audience online. Passionate about casino industry news, Sophie ensures that her readers always know what’s hot and happening.

View Posts - Visit Website