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The Stars Group replaces Crown as the majority shareholder in CrownBet February 9, 2024 Toronto-based gaming and online gambling company, The Stars Group (Nasdaq: TSG; TSX: TSGI), recently announced that it has acquired a 62 percent majority stake in CrownBet Holdings Pty Limited for approximately $117.7 million. The Australian Financial Review reports that The Stars Group said, in a statement to the Toronto Stock Exchange, that what is the second largest regulated sports betting market in the world, had increased its unaudited annual revenues from approximately $76.5 million in 2015 to $204 million last year. The Stars Group added that unaudited earnings before interest, tax, depreciation and amortization (EBITDA), was in the red for the first time in 2017 at approximately $7.9 million. Chief Executive Officer for The Stars Group, Rafi Ashkenazi, said, “… Read More > Read More
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