MrUKHackz 14,867 Posted May 3, 2018 The Stars Group Inc. (NASDAQ: TSG; TSX: TSGI) (“The Stars Group” or “the Company”) announced 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. “The acquisition of Sky Betting & Gaming is a landmark moment in The Stars Group’s history,” stated Rafi Ashkenazi, the Company’s Chief Executive Officer. “SBG operates one of the world’s fastest growing sportsbooks and is one of the United Kingdom’s leading gaming providers. SBG’s premier sports betting product is the ideal complement to our industry-leading poker platform. The ability to offer two low-cost acquisition channels of this magnitude provides The Stars Group with great growth potential and will significantly increase our ability to create winning moments for our customers.” Read Original Article Here 1 Share this post Link to post Share on other sites
david1111 17,637 Posted May 3, 2018 I'm not sure that's a good thing to be honest. I always saw the Stars group and Skybet to be two completely different animals attracting different types of punters. I don't like to see takeovers in general which results in one huge company having a monopoly on the market. Just my opinion and will be interesting to hear others. 1 Share this post Link to post Share on other sites
Rocknrolla 5,337 Posted May 3, 2018 I just wish poker sites could be just poker, but guess business wise it makes sense for them! Share this post Link to post Share on other sites
