Toronto-listed betting and gaming operator The Stars Group has confirmed that the Kentucky Court of Appeals has ruled in its favor and reversed in its entirety the $870m judgment issued against the company three years ago.

The appeal relates to a lawsuit filed by the Commonwealth of Kentucky in 2010, approximately four years prior to The Stars Group's acquisition of PokerStars. It sought recovery of alleged losses by Kentucky residents who played real-money poker on PokerStars' website during the period between 2006 and 2011.

In December 2015 a trial court judge imposed a $290m award to the state, which was trebled to $870m.

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