The Stars Group Provides First Quarter and General Business Update
THE STARS GROUP INC (TSG)
Last the stars group inc earnings: 2/27 02:00 am
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US:NYSE Investor Relations:
starsgroup.com/the-stars-group/investor-relations/financial-and-corporate-information
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Source: PR Newswire
TORONTO, April 17, 2020 /PRNewswire/ -- The Stars Group Inc. (NASDAQ: TSG) (TSX: TSGI) today provided a general business update, including expectations for its financial results for the first quarter of 2020. "We saw record revenues in the first quarter with 27% year-over-year growth and are continuing to see strong momentum into April, with strong growth in poker and gaming revenues helping to mitigate the cancellation of sporting events. With these encouraging trends, a well-diversified and cash-generative business, and our strong balance sheet, we believe that we remain well-positioned to navigate further headwinds related to the COVID-19 pandemic in 2020, and remain fully committed to our combination with Flutter, which we now expect to close in the second quarter and are confident will enhance and accelerate our growth strategy," said Rafi Ashkenazi, Chief Executive Officer of The Stars Group. "During these exceptional times, our top priority, however, is the health and safet
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