Toronto-listed gaming operator The Stars Group has completed its US$4.7bn acquisition of Britain's Sky Betting & Gaming (SBG).
The acquisition, which was first announced in April, sees PokerStars' parent company acquire the business from CVC Capital Partners and British broadcaster Sky through a combination of $3.6bn in cash and 37.9m newly-issued shares of The Stars Group.
"This acquisition represents a pivotal moment in The Stars Group's evolution," said chief executive Rafi Ashkenazi. "SBG's mobile-focused sportsbook pairs well with our industry-leading poker offering to create two premier customer acquisition channels. We believe this combination along with our combined online casino offerings positions The Stars Group for continued growth in the evolving online gaming industry.