Stars Group Sees Financials Grow in 2019

This week The Stars Group posted their 2019 full-year financials, noting that revenues were to $2.53 billion for the period.

Key financial indicators for the year ending December 31st, 2019 were:

  • Revenues up to $2.53 billion
  • UK revenues up 140.2% to $946.7 million
  • Australian revenues up 39.3% to $274.4 million
  • Other international revenues down 11.8%
  • Cost of revenue, excluding depreciation and amortization up to $693.1 million
  • Gross profit of $1.84 billion
  • Administrative costs up to $1.16 billion
  • Operating income up to $264.2 million

Commenting on the results TSG CEO Rafi Ashkenazi said, "In 2019, we continued to execute on our strategy to deliver long-term sustainable growth and become the world's favourite iGaming destination. We not only began to see the full-year benefits of our transformative 2018 acquisitions, but executed on delivering a landmark media partnership in the US, with the launch of FOX Bet, strengthening our position in this emerging market.

"In-line with our expectations, we exited 2019 with a strong fourth quarter with Constant Currency Revenue growth of 7% year-over-year driven primarily by the continued impressive underlying performance of our primary sports betting brands.

"With sports betting now our largest product vertical and 81% of our revenues coming from locally regulated or taxed markets, we are well positioned for diversified growth in 2020 and beyond."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
1 reply • Last post


Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7361
Thanks given: 3992
Thanks received: 1099
29 February 2020 - 1:16pm

Yeah the numbers make sense when e know for a long time now Stars Group is not mainly about poker...apparently sportsbeting is the most important sector of their business these days.

Post new comment

Have something to say? Agree or disagree? Tell us what you think!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.