PokerStars parent company returns to Australia via a 62% stake in CrownBet.
The Stars Group, parent company of PokerStars, has acquired 62% of CrownBet Holdings Pty Limited, operator of CrownBet.com, a licensed online sports betting site in Australia.
The acquisition marks a return for TSG into the Australian online gambling market. The operator withdrew its services last September following the passage of a gambling bill amendment that clarified and strengthened an existing ban on online poker and casino games.