The Stars Group Completes Sky Bet Purchase for $4.7 Billion

Canadian betting group The Stars Group has announced that they've finally closed their purchase pursuit of Sky Betting & Gaming for $4.7 billion.

The purchase will give Stars a huge sportsbetting brand, which will complement their PokerStars product and give them an impressive all-around betting portfolio for internet gaming. The move makes The Stars Group the largest publicly traded online betting group in the world. Formerly known as Amaya, The Stars Group is looking for new revenue streams.

In a statement Stars Group CEO Rafi Ashkenazi said, "This transaction creates the world's largest publicly listed online gaming company and unites two iconic brand portfolios with strong technology platforms and teams. This significant scale also positions The Stars Group to both secure and expand upon its global footprint."

There's sure to be a lot of fallout from the agreement, and Casino Listings News will keep readers updated as we learn more.

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bgsharpe
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17 July 2018 - 7:23pm
#1

Yeah that's probably not the deal of the year in the gambling sector but of the decade.

Globalization is the keen word in the business as a whole not just when it comes to online gambling market.