Stars Group acquire Sky Betting

23 Apr 2018

The Stars Group has been growing at a frantic pace during the past years, by continuously expanding to new markets. This aggressive strategy has become even more intense following their official announced regarding the acquisition of Sky Betting and Gaming for a total amount of 3.36 billion pounds. Of course, Pokerstars remains the leading brand for the Canadian group, but the plans for the newly acquired brand are of equal significane, as the Stars Group CEO, Mr. Rafi Ashkenazi revealed. To be more exact, they intend to reach the stars, not by using light-hearted puns, but by becoming the world’s largest online gaming company.

According to the details of the acquisition, Sky Betting’s 85% of shares were acquired by the Stars Group, while 13% remains on CVC’s possession. Just a few moments after the conclusion of the deal, a satisfied Rafi Ashkenazi, stated: «The acquisition of Sky Betting and Gaming is a landmark moment in The Stars Group’s history».

Sky Betting have netted huge profits over the past years, reporting revenues of 624 million pounds for 2017, with gross profits reaching the amount of 212 million pounds for the same year. It is also noteworthy that during the previous two years (2016 and 2017) Sky Betting reported a rise of 46% and 51% revenues respectively.

Why choose Pokerstars Sports

The biggest poker room globally
  • User-friendly website
  • 30+ sports
  • Request a Bet
  • Player Specials
  • Minimum deposit €10
  • UKGC & MGA licenses
  • Android & iOS apps
  • 10+ website languages
Play Now
No1 Poker Room in the World
BOOK SPY
BOOK SPY BONUS REVIEW

A few years back, the number 1 poker room globally added a sports section called ‘Betstars’, which, in 2021, was rebranded to Pokerstars Sports. To be honest, reviewing the sportsbook left me with mixed feelings. On the one hand, being operated by the largest group in the world and holding several Tier 1 licenses means that as a site it can definitely be trusted. There are hundreds of markets available to choose from in football and basketball, alongside multiple special bets. I also find the Spin and Bet feature very intriguing, where you can improve your odds up to ten times. On the other hand, I found quite a few areas where the offering needs to be improved. The overall payout is below par, especially for football bettors. The absence of a Live Chat is notable and deposit limits are low. In addition, having to move your funds manually from poker to sports is a little annoying. All in all, the betting offering is not great. I would use it mainly as complementary to the poker section.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

The online sportsbook Vbet has extended the partnership with AS Monaco for three more years until 2025. The deal, which began in 2020, will allow the ...

Read more »

The Ministry of Culture and Gender Equality in Norway has begun consultations to introduce a new Gambling Act to replace the Lottery Act, the Totaliza...

Read more »

The online gaming giant Entain, the owner of brands like Interwetten, has won the Advanced Safer Gambling Standard award by GamCare for providing play...

Read more »

One of the pioneers of online betting, Interwetten, has signed a new regional long-term sponsorship deal with English football giants Liverpool FC. Fa...

Read more »

The global online sportsbook 1xBet recently paid out some big winnings. A bettor from Yaounde, Cameroon, signed up with the bookie and placed a 12 eve...

Read more »

The international online sportsbook NetBet has added Apple Pay as a payment option for French players giving locals another top-notch method for depos...

Read more »

The online gambling operator Kindred Group, which incorporates several brands like Unibet, has announced that it will further contribute to the mental...

Read more »

The Treasury of Kenya has published the 2022 Finance Bill, which re-introduces the controversial 20% tax rate on wagering stakes. Despite the protests...

Read more »

The international gaming operator Vbet has joined the International Betting Integrity Association (IBIA), adding to the platform’s global integr...

Read more »

The state-owned gaming operator in Finland, Veikkaus, has agreed on a double partnership with the Football Association of Finland (SPL) and the countr...

Read more »

LATEST BOOKMAKER PROMOTIONS