|Bid||15.61 x 3200|
|Ask||24.18 x 3000|
|Day's range||24.10 - 24.24|
|52-week range||12.59 - 24.59|
|Beta (3Y monthly)||1.58|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||27.78|
The Stars Group (TSG) delivered earnings and revenue surprises of 19.05% and -3.78%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
The Stars Group (TSG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of The Stars Group Inc. to Flutter Entertainment plc .
(Bloomberg Opinion) -- When a bookmaker’s shares shoot up as much as 22% on a wager to dominate the market for online betting, you can see what investors are thinking: This company is going to attract even more gamblers and convince the ones it has already to risk more of their money on new games.Flutter Entertainment Plc’s proposed takeover of Canadian rival The Stars Group Inc. was rapturously received by investors on Wednesday. As well as the deal’s substantial potential for cost savings, the Dublin-based owner of the Paddy Power and Betfair brands spies the chance to expand in the U.S. and take share from smaller rivals. The market reaction is a red flag that this combination will create a very powerful force in betting, one that regulators should look at very closely.The bid has been triggered by the opening up of the sports betting market in the U.S. That’s an opportunity for Flutter to apply its skills to a much larger territory. Toronto-based Stars Group is the perfect target for jump starting a North American strategy. Its shares got hit by a recent profit warning, and it’s laboring under debts worth around 7 times trailing earnings before interest, taxes, depreciation and amortization. By contrast, Flutter’s borrowings are low. A combination therefore brings that immediate benefit of sharing the debt burden, leading to lower financing charges. The groups can share some technology, eliminating some need for external purchases. Flutter also gets to harvest the benefits of Stars Group’s recent acquisition of Sky Betting & Gaming, which have yet to filter into results.Scale should provide a competitive advantage in regulated betting given the costs of complying with responsible gambling rules. That makes it easier to take market share. With all of their brands, Flutter and Stars Group have a captive audience of gamblers across the gamut of poker, online casinos and sports betting. The combined company will seek to tempt customers from one of the groups to try the others’ preferred form of wager.All the same, the main regulatory concerns about this deal will be antitrust. The transaction will face tough scrutiny in the U.K. and Australia especially. The long timetable for completion betrays that expectation.Investors seem to be assuming that clearance will come with modest remedies, if any, judging by the enthusiastic stock-market reaction. If so, shareholders will certainly win. Based on Flutter’s closing share price on Tuesday, its all-stock offer for Stars Group’s equity was worth $6 billion, and $11 billion when including assumed net debt. Stars Group’s operating profit is forecast to exceed $700 million as soon as next year. Add $170 million of cost savings, deduct tax and the expectation that returns will exceed 7.5% within three years of completion looks credible.The rise in Flutter’s share price – well beyond what is justified by the stated cost savings – makes the deal still more attractive to Stars Group’s shareholders, lifting the offer to $6.8 billion, a 55% premium on the company’s market value on Tuesday. But any big share price move alerts even the sleepiest of regulators to increased market power. Expect them to look at this one hard.To contact the author of this story: Chris Hughes at email@example.comTo contact the editor responsible for this story: Melissa Pozsgay at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
TORONTO, Sept. 17, 2019 /PRNewswire/ -- The Stars Group Inc. (TSG) (TSGI.TO) today announced that over the last two weeks it has successfully executed on initial stages of its U.S. strategy, with the launch of FOX Bet in New Jersey and Pennsylvania, and FOX Sports Super 6 nationwide. FOX Sports Super 6, a free-to-play sports prediction game that offers players the chance to win hundreds of thousands of dollars in cash each week, also launched nationwide on September 7. With the FOX Sports Super 6 App, fans can enter multiple contests each week, with jackpot prizes up to $250,000.
When Rupert Murdoch's Fox Corp launches the FOX Bet sports betting platform on Monday, it will do what no other major media company has done in North America: become the face of a sports gambling platform. FOX Bet, which launches in New Jersey, is operated through a partnership with gaming provider The Stars Group (TSG) . Entertainment giants from Walt Disney Co to AT&T Inc's WarnerMedia have waded into the red hot sports betting arena, which experts project could generate $9 billion of revenue over the next few years in gambling revenue.
The Stars Group (TSG) delivered earnings and revenue surprises of 4.35% and -2.58%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
TORONTO , Aug. 12, 2019 /PRNewswire/ -- The Stars Group Inc. (NASDAQ: TSG) (TSX: TSGI) today reported its financial results for the second quarter ended June 30, 2019 , provided updated 2019 full year ...
TORONTO , Aug. 6, 2019 /PRNewswire/ -- The Stars Group Inc. (Nasdaq: TSG) (TSX: TSGI) today announced that it will release its financial results for the second quarter ended June 30, 2019 prior to the ...
TORONTO, Aug. 1, 2019 /PRNewswire/ -- The Stars Group Inc. (Nasdaq: TSG) (TSX: TSGI) today announced that it entered into an agreement with Penn National Gaming (Nasdaq: PENN) that grants it options to operate online betting and gaming in states where Penn currently owns or operates casino properties. The agreement covers nine states, which, when combined with The Stars Group's existing market access deals, gives The Stars Group access in up to 20 states. The agreement grants The Stars Group the option to own, operate and brand real-money online sports betting, poker and casino offerings in each of the applicable states subject to license availability, state law and regulatory approvals.
Las Vegas Sands' (LVS) top line in second-quarter 2019 is likely to gain from robust performance of the company's Las Vegas operations, Marine Bay Sands, Sand Cotai Central and Venetian Macao segments.
Hasbro's (HAS) second-quarter 2019 results are likely to benefit from robust performance by the U.S. and Canada segment as well as Entertainment, Licensing and Digital segment.
The agreement grants The Stars Group an option to operate and brand real-money online sports betting, poker and casino in New York on a first skin basis, subject to license availability, state law and regulatory approvals. "We are excited to announce this agreement with Mohawk, which further strengthens our market access as we work to build our FOX Bet business into one of the leaders in the emerging U.S. online betting and gaming market," said Robin Chhabra, CEO of FOX Bet, the new U.S. sports betting brand of The Stars Group.
ONCHAN, Isle of Man, June 13, 2019 /PRNewswire/ -- The Stars Group (Nasdaq: TSG) (TSX: TSGI) has announced its support of charity partner Right To Play for a further two years with the aim of raising £1 million more to help provide a quality education to some of the world's most vulnerable children. PokerStars, the flagship poker brand of The Stars Group, first partnered with Right To Play in 2014 through its corporate giving programme Helping Hands. Since then players and staff have helped raise more than £1.7 million, with exciting plans for 2019 and 2020 that will make a huge difference to the lives of underprivileged children.
Today we'll look at TESGAS Spólka Akcyjna (WSE:TSG) and reflect on its potential as an investment. Specifically, we're...