M&A

The Stars Group acquires majority stake in CrownBet

Deal could help the Pokerstars owner launch a sportsbook in the US, according to analysts

The Stars Group has acquired a 62% stake in Australian online bookmaker Crownbet for approximately £84m, in a move that could set the operator up to offer sports betting in the US The deal sees Stars team up with the CrownBet management team, led by founder and CEO Matthew Tripp, to complete the purchase from parent…

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