{"id":5124,"date":"2018-04-25T12:41:55","date_gmt":"2018-04-25T12:41:55","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=5124"},"modified":"2018-04-25T16:09:54","modified_gmt":"2018-04-25T16:09:54","slug":"thanks-to-new-acquisition-blue-skies-are-smiling-at-stars-group","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/thanks-to-new-acquisition-blue-skies-are-smiling-at-stars-group\/","title":{"rendered":"Thanks To New Acquisition, Blue Skies Are Smiling At Stars Group"},"content":{"rendered":"
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For the second time in four years, PokerStars<\/strong> was involved in a major acquisition that sent shockwaves through the gaming industry.<\/p>\n

In 2014, it was Amaya’s $4.9 billion purchase<\/strong> of the online poker giant that stunned the industry. And on Saturday morning, The Stars Group<\/strong> (TSG) stunned everyone again. It announced it was acquiring Sky Betting Group<\/strong> (SBG) for the princely sum of $4.7 billion<\/strong>.<\/p>\n

TSG Chief Executive Officer Rafi Ashkenazi<\/strong> elaborated on the sale in a press release:<\/p>\n

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“The acquisition of Sky Betting & Gaming is a landmark moment in The Stars Group’s history. 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.”<\/p>\n<\/blockquote>\n

“We are delighted to join forces with The Stars Group,” said Richard Flint<\/strong>, Sky Betting & Gaming’s CEO. “We have had a fantastic last few years and would like to thank CVC and Sky for supporting us in becoming a leading online operator in the UK. This transaction allows us to offer our best-in-class products to a truly global audience. We’re excited about our future together.”<\/p>\n

If the sale is approved, the new company will be the largest publicly traded online gaming company in the world<\/strong>.<\/p>\n

It also accelerates<\/strong> the path PokerStars has been traveling since 2014.<\/p>\n

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Play At PokerStars NJ<\/p>\n<\/p><\/div>\n