Welcome to our dedicated page for Stars Group news (Ticker: TSG), a resource for investors and traders seeking the latest updates and insights on Stars Group stock.
Stars Group (TSG) is a global leader in online gaming, offering poker, casino games, and sports betting through secure digital platforms. This news hub provides investors and industry professionals with essential updates about TSG's market position, regulatory compliance, and technological innovations.
Access real-time announcements including earnings reports, strategic partnerships, and product launches. Our curated collection ensures you stay informed about TSG's operational milestones in the competitive iGaming sector. Key coverage areas: quarterly financial results, licensing developments, platform enhancements, and international market expansions.
Bookmark this page for streamlined access to verified TSG updates. Check regularly for insights into how the company navigates evolving gaming regulations and maintains its leadership in digital entertainment.
Flutter Entertainment has announced the launch of its first share repurchase tranche of up to $350 million on the NYSE, starting November 14, 2024, and ending March 31, 2025. This represents the initial phase of a larger $5 billion share buyback program authorized in September 2024. Goldman Sachs will independently execute the buyback, with a maximum limit of 17,739,905 ordinary shares. The program aims to reduce Flutter's share capital, with all repurchased shares to be cancelled. Future buyback decisions will depend on capital requirements and market conditions.
Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) has agreed to acquire Snaitech S.p.A. (Snai), a leading Italian omni-channel operator, for €2.3 billion. This acquisition aligns with Flutter's strategy to invest in international market leadership positions. The deal is expected to close by Q2 2025 and be immediately accretive to earnings per share. Snai, the number three online operator in Italy with a 9.9% market share, generated €947 million in regulated revenue and €256 million in Adjusted EBITDA in 2023. The acquisition will give Flutter a ~30% online share in Italy when combined with its existing business. The transaction is expected to deliver operating cost synergies of at least €70 million and additional revenue synergies.
Flutter Entertainment (NYSE:FLUT, LSE:FLTR), a leading online sports betting and iGaming operator, has announced an Investor Day event scheduled for September 25, 2024 at 13:00 ET (18:00 BST). The hybrid event will take place at Cipriani, New York, and will be livestreamed for remote attendees.
The event will feature a presentation by management highlighting the Flutter Group's future growth potential and capital allocation opportunities. A Q&A session will follow the presentation. Interested parties can register for the livestream or express interest in attending in person via the company's website, though in-person capacity is
For those unable to attend live, a replay and presentation slides will be made available on Flutter's website after the event.
Flutter Entertainment has announced the acquisition of a 56% stake in NSX Group, a leading Brazilian operator of the Betnacional brand, for approximately $350 million. This strategic move aligns with Flutter's goal to secure leadership positions in international markets, particularly in the fast-growing Brazilian market. NSX, currently the fourth-largest operator in Brazil, is expected to generate revenue of about $256 million and Adjusted EBITDA of $34 million in 2024.
The deal combines NSX with Flutter's existing Betfair Brazil business, creating a strong competitive position in the soon-to-be-regulated Brazilian market. Flutter sees this as a compelling opportunity to drive synergies through its proprietary technologies and expertise, potentially leading to significant market share growth and future profitability.
Flutter Entertainment plc (NYSE:FLUT)(LSE:FLTR), a leading online sports betting and iGaming operator, has announced the release date for its second quarter 2024 financial results. The company will publish its earnings report on August 13, 2024, after market close at 16:05 ET (21:05 BST). Following the release, Flutter management will host a conference call at 16:30 ET (21:30 BST) to review the results and answer questions.
Investors and analysts can access the call via webcast or telephone. A public audio webcast will be available through registration or via the company's website. For those unable to attend live, a replay will be provided approximately one hour after the call concludes. Participants wishing to join the live conference call should dial in using the provided numbers and conference ID 20251.
