TSG - The Stars Group Inc.

NasdaqGS - NasdaqGS Real-time price. Currency in USD
24.14
-0.02 (-0.08%)
At close: 4:00PM EST
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Previous close24.16
Open24.17
Bid15.61 x 3200
Ask24.18 x 3000
Day's range24.10 - 24.24
52-week range12.59 - 24.59
Volume690,643
Avg. volume3,519,865
Market cap6.947B
Beta (3Y monthly)1.58
PE ratio (TTM)N/A
EPS (TTM)-0.21
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est27.78
  • The Stars Group (TSG) Q3 Earnings Top Estimates
    Zacks

    The Stars Group (TSG) Q3 Earnings Top Estimates

    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?

  • Paddy Power owner Flutter sees surge in US business
    Yahoo Finance UK

    Paddy Power owner Flutter sees surge in US business

    Flutter said on Thursday that US revenue in the period jumped by 67% after it launched in five new states.

  • Analysts Estimate The Stars Group (TSG) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate The Stars Group (TSG) to Report a Decline in Earnings: What to Look Out for

    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.

  • The Keys to Successfully Timing the Markets - October 18, 2019
    Zacks

    The Keys to Successfully Timing the Markets - October 18, 2019

    In the long-run, does consistent market timing really matter to be a successful investor?

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  • Business Wire

    THE STARS GROUP INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The Stars Group Inc. - TSG

    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 .

  • Paddy Power Owner Makes a $6 Billion Bet Against the Antitrust Police
    Bloomberg

    Paddy Power Owner Makes a $6 Billion Bet Against the Antitrust Police

    (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 chughes89@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis 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.

  • The Truth About Market Timing - September 27, 2019
    Zacks

    The Truth About Market Timing - September 27, 2019

    Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?

  • PR Newswire

    The Stars Group Begins Executing U.S. Strategy as Part of Landmark Agreement With FOX Sports

    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 Does Market Timing Actually Work? - September 09, 2019
    Zacks

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  • Murdoch's Fox launches sports betting with FOX Bet
    Reuters

    Murdoch's Fox launches sports betting with FOX Bet

    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.

  • New Strong Sell Stocks for August 15th
    Zacks

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  • The Stars Group (TSG) Q2 2019 Earnings Call Transcript
    Motley Fool

    The Stars Group (TSG) Q2 2019 Earnings Call Transcript

    TSG earnings call for the period ending June 30, 2019.

  • The Stars Group (TSG) Tops Q2 Earnings Estimates
    Zacks

    The Stars Group (TSG) Tops Q2 Earnings Estimates

    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?

  • PR Newswire

    The Stars Group Reports Second Quarter 2019 Results; Updates 2019 Full Year Guidance; Appoints New Independent Director

    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 ...

  • Yes, You Can Time the Market. Find out How - August 09, 2019
    Zacks

    Yes, You Can Time the Market. Find out How - August 09, 2019

    Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?

  • PR Newswire

    The Stars Group Announces Second Quarter 2019 Earnings Release Conference Call and Webcast Details

    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 ...

  • PR Newswire

    The Stars Group and Penn National Gaming Enter Agreement for Online Betting and Gaming Market Access

    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) to Post Q2 Earnings: What's in Store?
    Zacks

    Las Vegas Sands (LVS) to Post Q2 Earnings: What's in Store?

    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 (HAS) to Report Q2 Earnings: What's in the Cards?
    Zacks

    Hasbro (HAS) to Report Q2 Earnings: What's in the Cards?

    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.

  • PR Newswire

    The Stars Group and Akwesasne Mohawk Casino Resort Enter Agreement for Online Betting and Gaming Market Access and Retail Sportsbook in New York

    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.

  • PR Newswire

    The Stars Group Announces Two Year Partnership Extension With Right to Play

    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.

  • How Do TESGAS Spólka Akcyjna’s (WSE:TSG) Returns Compare To Its Industry?
    Simply Wall St.

    How Do TESGAS Spólka Akcyjna’s (WSE:TSG) Returns Compare To Its Industry?

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