Stars Group revenue increased by 29%

The leading provider of gaming services Stars Group, formerly known as Amaya, earned $411.5 million in the period from April to June, and for the first half of year $804.4 million, which is 29% more than in the first half of 2017.

This jump in financial results was due to an increase in poker profits by 7%, an increase in revenues from casino games by 26.3% and an increase in profits from sports betting by 122%. This year, The Stars Group acquired Sky Betting and Gaming for $4.7 billion, and also acquired a 62% stake in CrownBet for £117.7 million.

Chief Executive Officer of The Stars Group Rafi Ashkenazi commented: “The Stars Group second quarter results which were driven by exceptional performance and organic growth across our core business. Beyond our strong financial performance, the second quarter also witnessed a second major highlight, our announced acquisition of Sky Betting & Gaming and the completion of our Australian acquisitions. The first impacts of these acquisitions are visible in today’s results, which reflect a full quarter of CrownBet’s performance and roughly and lastly two months of contribution from William Hill Australia. This week, these two businesses will migrate onto one platform and into one brand, BetEasy”.