|Bid||27.26 x 1300|
|Ask||26.97 x 900|
|Day's range||26.35 - 28.18|
|52-week range||11.88 - 29.35|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||124.14|
|Forward dividend & yield||N/A (N/A)|
|1y target est||27.78|
This notice is directed to all persons and entities, excluding certain persons associated with the Defendants, who acquired securities of THE STARS GROUP INC. between March 31, 2014 to March 22, 2016 (collectively, the "Class" or "Class Members").
(Bloomberg) -- Shares in South African gambling and leisure companies shot up on Thursday after the government surprised traders by announcing plans to ease Covid-19 lockdown restrictions on the sector earlier than investors expected.Tsogo Sun Gaming Ltd. was 30% higher as of 3:06 p.m. in Johannesburg, with Sun International Ltd. up 23%, City Lodge Hotels Ltd. advancing 21% and Tsogo Sun Hotels Ltd. climbing 18%. President Cyril Ramaphosa said Wednesday night that gambling establishments, hotels, restaurants, beauty salons and theaters will be allowed to reopen, as long as they stick to strict health protocols. He didn’t specify a date.“The leisure sector is indeed getting a benefit from the easing of the lockdown, because in the general recovery since the March lows, it has been seen as unlikely to open quickly, and lagged behind,” said Stephen Meintjes, head of research at Momentum Securities in Johannesburg.A local index of travel and leisure companies had sunk 55% percent this year before Ramaphosa spoke, making it the worst-performing industry segment. The country entered a lockdown on March 27, which the government is gradually relaxing, even as the pace of new infections continues to rise. “Some investors were expecting this sector to experience a lockdown right till the end,” said Casparus Treurnicht, a fund manager at Gryphon Asset Management in Cape Town.South Africa has 80,412 confirmed coronavirus infections and 1,674 fatalities, with the number of cases currently doubling about every 12 days. There have been more than 2,100 new cases daily for the past 14 days, a proliferation that in part reflects increased testing.Thursday’s stock gains indicate “improved sentiment toward business that are opening up again,” said Michele Santangelo, a money manager at Independent Securities in Johannesburg. “Importantly, there are the first signs that many of these businesses that have been decimated under the lockdown are coming out of the worst.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Britain's competition regulator said on Wednesday it plans to investigate the planned merger of gambling companies Flutter Entertainment <FLTRE.I> and The Stars Group <TSGI.TO>. Dublin-based Flutter owns the Paddy Power and Betfair brands, while Toronto-based The Stars Group owns Sky Betting and Gaming. The Competition and Markets Authority said it would consider whether the tie-up would result in "a substantial lessening of competition" in Britain.
The merger was announced in October, when Flutter said that the deal would create the world’s biggest online betting and gaming firm.
Penn National Gaming, Inc. (PENN) is likely to gain from a strong brand presence and acquisitions. However, stiff competition and weather-related events are pressing concerns for the company.
MGM Resorts (MGM) announces that it will sell two of its Las Vegas properties. "MGP" and "BREIT" form a joint venture to acquire the MGM Grand Las Vegas and Mandalay Bay resorts.
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.
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.
Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. When you...
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 ...