UK-based firm Sky Betting and Gaming (SBG) is to be sold to a Canadian company for about £2.5bn, it has been announced. The Stars Group Inc – which owns PokerStars, an online card room – said the deal will make it the largest publicly listed online gaming company in the world. Rafi Ashkenazi, Stars Group’s chief executive, said SBG would complement the PokerStars platform and give the group potential for growth. He described the acquisition as “a landmark moment” for the Stars Group. He added: “SBG operates one of the world’s fastest growing sportsbooks and is one of the United Kingdom’s leading gaming providers.”The deal is expected to be completed later this year.

Source: The Guardian April 21, 2018 20:47 UTC