PokerStars Owner buys Sky Betting and Gaming for $4.7 Billion
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PokerStars Owner buys Sky Betting and Gaming for $4.7 Billion
Stars Group Inc., the owner of PokerStars, has undergone a deal to buy Sky Betting & Gaming (SBG) for a whopping $4.7 billion. The move will result to the poker giant having a larger hold on sports betting, thus creating the biggest publicly listed online gambling company.
With its main headquarters in Toronto, the Stars Group shall pay in both cash and stock to the owners Sky Plc and CVC Capital Partners, according to their press release. The PokerStars operator figures it would get around[...]
PokerStars Owner buys Sky Betting and Gaming for $4.7 Billion
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