The Stars Group Receives UK Competition & Markets Authority Clearance for Sky Betting & Gaming Acquisition; Announces Management Appointments
THE STARS GROUP INC (TSG)
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starsgroup.com/the-stars-group/investor-relations/financial-and-corporate-information
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Source: PR Newswire
TORONTO, Oct. 11, 2018 /PRNewswire/ - The Stars Group Inc. (NASDAQ: TSG)(TSX: TSGI) today announced that the UK Competition & Markets Authority ("CMA") has cleared its acquisition of Sky Betting & Gaming ("SBG") following its Phase 1 review under the Enterprise Act 2002. As previously announced, The Stars Group completed the acquisition on July 10, 2018, and can now begin executing on its integration plans.Following CMA clearance and effective immediately, The Stars Group today announced certain new management appointments to senior roles within the SBG business to execute its integration plans, including the delivery of expected cost synergies.Richard Flint is appointed as Executive Chairman of SBG, having previously served as the Chief Executive Officer of SBG, Ian Proctor is appointed as Chief Executive Officer of SBG, having previously served as Chief Financial Officer of SBG, and Conor Grant is appointed as Chief Operating Officer of SBG, having previously served as Director of S
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