Pokerstars Parent Company Buys Sky Betting Gaming For 4.7 Billion

The Stars Group - the owner of the giant Pokerstars - has announced the massive purchase of Sky Betting & Gaming for Sports Betting a record $4.7 billion. This will allow The Stars Group to become one of the world's largest online gambling firms and compete with another giant named GVC Holdings (Ladbrokes Coral, bwin, etc.). The Stars Group becomes gigantic It seems far back when Pokerstars was just Pokerstars, the biggest online poker room in the world. Now The Stars Group (which also owns Full Tilt Poker) is a group that can also act in the world of online casinos and sports betting sports betting.

The agreement between The Stars Group and Sky Betting & Gaming allows the first to spend $3.6 billion in cash and Sports Betting $1.1 billion with the acquisition of more than 37 million shares in the structure.