Regulation

The Stars Group wins $870m Kentucky legal victory

Commonwealth of Kentucky had sued PokerStars for alleged gambling losses incurred by residents between 2006 and 2011

The Stars Group’s (TSG) share price soared on Friday (21 December) after it announced the Kentucky Court of Appeals had reversed an $870m lower court ruling from 2015 against the Toronto-listed operator. The litigation dates back to 2010 when the Commonwealth of Kentucky sued PokerStars, acquired four years later by TSG, for alleged gambling losses…

Kentucky | PokerStars | Regulation | The Stars Group | US

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