Stars Group Inc., the owner of PokerStars, has undergone a deal to buy Sky Betting & Gaming (SBG) for a whopping $4.7 billion. The move will result to the poker giant having a larger hold on sports betting, thus creating the biggest publicly listed online gambling company.
With its main headquarters in Toronto, the Stars Group shall pay in both cash and stock to the owners Sky Plc and CVC Cap[...] Read more » PokerStars Owner buys Sky Betting and Gaming for $4.7 Billion
Joined: Jul '10
Location: Brazil
Age: 43 (M)
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and and once again the pokerstar has been revealed that it will even become an oline gambling company abadomando the real poker why the great players are going to the competition the ps only wants to aim the own profit with bets and casino gg poker
Are they merging the two company or just the ownership changed right now? I would not mind getting those betting options (escalators, special offers SKY does every premier league or champions league rounds) seeing from Stars as well, but SKY is notorious on limiting winning players so there's that.
Joined: Mar '14
Location: Japan
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Stars Groups, the online poker industry leader, has become even bigger by purchasing Sky Betting & Gaming for US$4.7 billion. What's going to happen to Sky Poker players? Will they be able to keep their existing username after the merge?
Joined: Jan '14
Location: Romania
Age: 44 (M)
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Business goes well for the amaya group and they try by other methods, to capture the market, directly by buying names in the industry of poker or betting. This is very good for pokerstars owner because they will recover the money in the future. They made the right choice.
Joined: May '08
Location: Germany
Age: 59 (M)
Posts: 6786
Reminds a bit on the merger between bwin and Party. Also one company with the poker room and the other with the online bookie. After a good start their base started to shrink. And at least we know now, why players at Stars have to pay a higher rake.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20386
we can see that poker stars owners want to have more betting market and to have lot of new sites by they ownership and they take huge matket with every site that they buy!we will see what this what will bring to players!
Joined: Mar '11
Location: United Kingdom
Age: 55 (M)
Posts: 7371
When you read about the amounts of money involved in this deal, it does make your eyes water. $4.7 Billion to buy these companies, just goes to show the profit margin in gambling is still huge
Good purchase by stars but I still think the acquisition of skybet don't make them a major player in sports betting as bet365, bwin and williamhill are the giants in sports betting.
Joined: Apr '11
Location: Romania
Age: 58 (M)
Posts: 2432
The battle is for US market,betting on sports in some form is legal in four states. Sky gets a cash infusion as it is targeted for takeover by both 21st Century Fox Inc. and Comcast Corp. Stars Group took a big part of Australia’s CrownBet Holdings Ltd.( which bought the Australian unit of William Hill).Poker business look unstable for Ashkenazi,so they push casino and sport betting over poker
Joined: Jul '10
Location: Brazil
Age: 43 (M)
Posts: 480
what to talk now with this acquisition pokerstar will get even bigger and more focused on the game of chance because that of the more money apromesa of easy money attracts more than all poker and a sport that one has to study to learn to profit now roulette home nikel and sports betting and gambling
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
A well known betting company in UK. They have eliminated even more of the competition out there. Good for them, but i believe it is bad for the players. Good thing that some of the companies like William Hill, still holding....
Joined: May '08
Location: Lithuania
Age: 39 (M)
Posts: 10090
well 4.7 billion of dollars is really something, we are not talking about "mere" 4.7 millions here, no we're talking about 4,700,000,000 of dollars. talk about a few zeros, well I personally have only association with stars and zeros and that is a zero dollar bankroll
It is indeed something but not really 'something' if you know what I mean. More people will be aware how out of order gambling affects lifes the less money these comapnies will be making in the future. It is kinda futureproof business since taking/making bets is old as humanity, but I can see a strong decline in their gross profits all across the board...
Joined: Nov '11
Location: Poland
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Posted by doubletop777: When you read about the amounts of money involved in this deal, it does make your eyes water. $4.7 Billion to buy these companies, just goes to show the profit margin in gambling is still huge
Exactly. $4.7 Billion is so huge sum, and it show, how the poker sites earn from players. What's mean hundreds of freerolls with $1000 prize pot compared to this huge amount! Even if Stars will be offer 1000 freerolls per day with $1000 prize pot, they will spend this sum in over 12 years!!!
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20386
hope that this wont be normal,that such a big companies buy other betting and gambling site,because its better when you have more bigger sites,that they fight for every player and give bigger odds and bonuses!
Joined: Jan '17
Location: Lithuania
Age: 66 (M)
Posts: 1756
Wow so much money in gambling business, this is because people lose a lot of money i think. Of course now pokerstars not very good poker room so maybe they are not good owners for this company
Joined: Jul '10
Location: Brazil
Age: 43 (M)
Posts: 480
with this purchase the ps will become a once more a monopoly efara with the sports betting which has been making strings with poker since since Aymara assumed the ps the poker was thrown in the trash and gave place to all that and against poker leading the site for the world of gambling now is complete the gg poker sheik that the new world will come from gambling odds
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20386
now you can imagine how much money people lose on gambling,when they can buy just one site for this kind of sick amount and then that they know that will return this investment and that will earn money from it!its just sick!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13294
It's normal to expand when you make money. In addition amaya group has to win here with taxes to the state. Instead of entering to budget of Canada they buying another business. This is investment: Full tilt, Sky Betting and Gaming and i think PKR is also of pokerstars owner.
