Deals

PokerStars Owner to Buy Sky Betting in $4.7 Billion Deal

Stars Group to pay cash, stock to owners CVC Capital and Sky
CEO Ashkenazi says acquisition offers great growth potential

Inside The Annual G2E Global Gaming Expo — Photographer: Jacob Kepler/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Benjamin D Katz, Sandrine Rastello, and Saijel Kishan

April 21, 2018 at 1:34 PM UTC

Updated on

April 21, 2018 at 6:20 PM UTC

This article is for subscribers only.

Poker giant Stars Group Inc. agreed to buy Sky Betting & Gaming in a deal valued at $4.7 billion, moving deeper into sports betting to create the biggest publicly listed online gambling company.

Toronto-based Stars Group will pay cash and stock to owners CVC Capital Partners and Sky Plc, it said Saturday in a statement. The operator of PokerStars estimates it would get about a third of its revenue from sports, the fastest-growing online gaming segment, including recent acquisitions in Australia.