Finance

The Stars Group misses earnings forecasts on “historically” low Sky Bet margins

Pro forma revenues down around 6%cc as Sky Bet sportsbook revenues drop 37%

The Stars Group’s share price dipped today after a sluggish Q1 saw the firm miss its consensus revenue estimates by more than $30m. The firm saw poker revenues decline, casino revenues stagnate and Sky Betting & Gaming (SBG) revenues slide after a “historically” low margin on sports bets. Group revenue came in at $580m, down…

Finance | PokerStars | Sky Bet | Sky Betting & Gaming | The Stars Group

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