The Stars Group has displayed “impressive momentum” for the second quarter of the gaming year and the impressive results is said to be driven by acquisitions and mergers this year.
The company behind the renowned Full Tilt and PokerStars brand posted a 35% increase for its Q2 results. The company released a trading update this week saying generated sales for three months ending June 30th totaled $412 million and EBITDA $168 million, a 15% increase.
Other significant highlights that were reported is the performance of the Stars Group international sector. International revenues netted the company $350 million which is an inspiring 15% increase.
Stars Group CEO, Rafi Ashkenazi said,
“The continued emergence of our sports betting and casino offerings and the addition of our 2018 acquisitions have transformed our business and greatly enhanced the foundation and diversity of our consolidated revenue base, which will now be nearly equally split among verticals and roughly 75% locally regulated or taxed. We are now focused on the next stage of our transformation—integration. While this will be a phased and measured process, we expect that it will prepare us to not only be a leader within the world’s largest regulated markets but to also leverage the strength of our combined platform to take advantage of new opportunities and markets.”