TORONTO - The Stars Group Inc. says it saw record revenue in its first quarter as COVID-19 led to an increase in online poker and casino games starting in March. And, it says, it has continued to see increased activity in its online poker and casino business into the second quarter. In an update to its expectations for the three-month period ended March 31, the company says it expects revenue of approximately US$735 million, up from US$580 million in the first quarter of 2019. The Stars Group has signed a deal to be acquired by Flutter Entertainment in a combination that will create one of the world’s largest online betting and gambling companies. A meeting of the Stars Group shareholders to vote on the deal is set for April 24 using a virtual only format.

Source: thestar April 17, 2020 11:47 UTC