Toronto-listed The Stars Group has reported a 74 per cent increase in total revenue to US$572.0m for the third quarter of 2018, benefiting from the first contributions from its acquisitions of Sky Betting & Gaming (SBG) and BetEasy.
The company reported organic growth of 7 per cent from its International segment as revenue increased to $352.4m during the quarter, while SBG contributed $168.4m during the period and Australia's BetEasy a further $52.2m.
“This was a landmark quarter during a transformative year for the company as we begin to deliver on our vision to become the world’s favorite iGaming destination,” said The Stars Group chief executive Rafi Ashkenazi. “We completed our acquisition of Sky Betting & Gaming, which was cleared by the CMA in October, making us the leader in the UK online betting and gaming market. We also launched BetEasy in Australia and sports betting in New Jersey.
“We are pleased with our quarterly results, which reflect both continued organic growth from our International business and contributions from both BetEasy and Sky Betting & Gaming, despite unfavorable sporting results during the period.”