The Stars Group to acquire Sky Betting & Gaming from CVC Capital Partners and Sky for $4.7bn.

The Stars Group, a Canadian gaming and online gambling company, agreed to acquire Sky Betting & Gaming, a British-based gambling company, from CVC Capital Partners and Sky for $4.7bn. This combination will result in the world’s largest publicly listed online gaming company. “The acquisition of Sky Betting & Gaming is a landmark moment in The Stars Group’s history,” stated Rafi Ashkenazi, the Company’s Chief Executive Officer. “SBG operates one of the world’s fastest growing sportsbooks and is one of the United Kingdom’s leading gaming providers. SBG’s premier sports betting product is the ideal complement to our industry-leading poker platform. The ability to offer two low-cost acquisition channels of this magnitude provides The Stars Group with great growth potential and will significantly increase our ability to create winning moments for our customers.”