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Announced

The Stars Group to acquire remain 20% stake in BetEasy for $103m.

Financials

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Transaction Value£80m
Consideration TypeCash
Capital Owned80%
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

racing betting platforms

Acquisition

Friendly

bookmaker

Private

Online and Social Platforms

Pending

Minority

Single Bidder

Synopsis

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The Stars Group, a Canadian gaming and online gambling company, agreed to acquire a remaining 20% stake in BetEasy, its sports betting business, for $103m. As part of this agreement, The Stars Group also agreed to pay $68m to settle the previously disclosed performance payment under the agreements for its 2018 acquisition of the initial 80% interest. “The launch of BetEasy through our acquisitions of CrownBet and William Hill Australia in 2018 created one of the leading operators in Australia and increased our exposure to a high-growth regulated market. Matt Tripp’s entrepreneurial spirit and vision have guided BetEasy since he founded the business and we are glad he will oversee the transition as non-executive President,” Rafi Ashkenazi, The Stars Group Chief Executive Officer.

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