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Solid 2018 results see The Stars Group stock jump 13%

7th March 2019 8:32 am GMT
PokerStars

Toronto-listed gaming operator The Stars Group increased revenue by 55 per cent to US$2,029.2m in 2018, driven by recent acquisitions including Sky Betting & Gaming (SBG).

The company grew revenue across all lines of operation, with Betting revenue climbing by 897.6 per cent year-on-year to $491.1m following the acquisition of SBG and Australia’s BetEasy.

SBG contributed $394.1m to total revenue and a loss of $121.9m during the period, while BetEasy contributed revenue [...]

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