Toronto-listed gaming operator The Stars Group has reported a 9 per cent increase in revenue to US$622.5m for the third quarter of 2019, of which more than a third was derived from online sports betting.

The Q3 revenue increase was driven by strong performances in the UK and Australia, which offset a decline in revenue from the International segment.

Sports betting was The Stars Group’s largest product vertical during the period with a 35 per cent share of revenue, up from 28 per cent a year ago, while online casino and poker each accounted for 31 per cent of revenue. Of the Q3 total, 77 per cent of revenue was derived from locally regulated or taxed markets, compared to 72 per cent last year.

Premium subscribers continue here to the full article.