The Stars Group updates on sports betting plans [Seeking Alpha]
THE STARS GROUP INC (TSG)
Last the stars group inc earnings: 2/27 02:00 am
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Source: Seeking Alpha
The Stars Group updates on sports betting plansThe Stars Group (TSG-1.5%) says yesterday's Supreme Court decision on sports betting opens the door for the company to expand its business broadly in the U.S."We believe we are well-positioned to take advantage of any new business and market opportunities, and to work with state legislatures in setting up sports betting frameworks that satisfy local consumers' interest in sports betting while protecting them through safe and regulated betting environments."The SCOTUS decision follows The Stars Group's acquisition of Sky Betting & Gaming. Stars Group says the deal creates the world's largest publicly listed online gaming company with "massive global scale, deep industry expertise, unrivalled brand awareness, a robust technology platform, expansive player database, and deeply rooted focus on the customer."The acquisition of Sky Betting & Gaming is expected to close in Q3, which gives the company the bulk of the pro football season with Sky
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