Sky Betting to be snapped up by Canadian firm in £2.5bn deal

Sky Betting to be snapped up by Canadian firm in £2.5bn deal

UK-based Sky Betting and Gaming is to be sold to a Canadian company for around £2.5bn (€2.84bn), it has been announced.

The Stars Group Inc - which owns PokerStars - said the deal will make them the largest publicly listed online gaming company in the world.

Sky Betting and Gaming (SBG) is currently in the middle of a multi-million-pound sponsorship deal with the English Football League.

Rafi Ashkenazi, Stars Group's chief executive, said: "The acquisition of Sky Betting and 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."

The deal is expected to be completed later this year.

- PA

More in this Section

Boeing clinches another order for its grounded 737 Max jetBoeing clinches another order for its grounded 737 Max jet

TSB board lacked common sense in lead-up to IT meltdown, report findsTSB board lacked common sense in lead-up to IT meltdown, report finds

Pound touches six-month high on Brexit optimismPound touches six-month high on Brexit optimism

Shares boost on trade talksShares boost on trade talks


Lifestyle

The ribbed fabric is having a fashion moment, says Katie Wright.Get on board with cord: 5 of the best pinafore dresses and how to style them

Columnist and trained counsellor Fiona Caine advises a woman whose future mother-in-law isn’t happy with her decision not to have kids.Ask a counsellor: ‘Why can’t my fiancé’s mother accept that I don’t want children?’

Vincent Thurkettle, author of The Wood Fire Handbook, talks to Luke Rix-Standing about one of our best-loved simple pleasures – the log fire.Burning love: Why are roaring wood fires so endlessly appealing?

Students have nothing to be anxious about with their CAO 2020, just follow this easy video guide with Trish McGrath, Principal of Hewitt CollegeTen tips to completing CAO 2020 applications online, plus a short video guide for students

More From The Irish Examiner