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

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.