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Stars Group Posts Financial Numbers

Online gaming firm The Stars Group has released their third quarter 2017 financial results, noting that revenues surged 21.7% during the three months ending September 30th.

Key financial indicators for the third quarter ending September 30th, 2017 were:

  • Revenues of $329.4 million, up 21.7% from last year
  • EBITDA up 26.5% to $155.8 million
  • Net cash inflows from operations up 67.1% to $144.9 million
  • Net earnings up 505.9% to $75.9 million
  • Adjusted net earnings up 40.7% to $119.6 million

Year to date revenues are at 952.1 million, up 12.7% from last year.

Speaking about the company's performance The Stars Group CEO Rafi Ashkenazi said, "Our operations and management continued to perform in the third quarter, delivering strong year-over-year growth bolstered by the launch of Stars Rewards. Not only did we see improvement in our poker business, but our casino continues to grow with a significant active player base and our online sportsbook continues to see meaningful growth in turnover."

"To build upon these achievements, we plan to focus on reinvesting in our core products and increasing our investment in marketing for the remainder of 2017 and into 2018 while continuing to explore further growth opportunities."

4 replies • Last post

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idbossulo
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10 November 2017 - 4:32pm
#1

surely they will be great. making new millionaires every day is their great achievement. I did not look at the sportbook and casino, but only on the poker game. thousands of tournaments, large cash tables and more. they are really sturdy.

1 member gave thanks for this useful post: Endro Nawawi

"The big one" for my live in the future

idEndro Nawawi
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11 November 2017 - 10:34am
#2
bossulo wrote:

surely they will be great. making new millionaires every day is their great achievement. I did not look at the sportbook and casino, but only on the poker game. thousands of tournaments, large cash tables and more. they are really sturdy.

You alright bossulo,from day tourney we can see big prize guaranteed and weekly tourney Sunday mililon Joking
no wonder they have the most online members of all poker room

idZaelany Zael
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11 November 2017 - 11:05am
#3

STARS GROUP get 329.4 million$ 2017 this huge amount. May be they get this nominal from sunday million and for another tournament

bgsharpe
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14 November 2017 - 8:34am
#4

Apparently they doing just great as of now, the growth in revenues is huge and this promises a bright future to the group.

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