The Stars Group completes sale of non-core gaming investments

5 December 2017

(PRESS RELEASE) -- The Stars Group Inc. today announced that it has completed the sale of its ordinary shares of Jackpotjoy plc, representing approximately 7.5% of Jackpotjoy's then issued and outstanding ordinary shares, for net cash proceeds of $59.5 million. This sale follows The Stars Group's November 2017 sale of its securities of NYX Gaming Group Limited and a subsidiary thereof, representing approximately 13.7% of NYX Gaming Group's ordinary shares on a partially diluted basis, for net cash proceeds of $26.3 million, and its August 2017 sale of its approximately 40.45% ownership interest in Innova Gaming Group Inc. for net cash proceeds of $16.1 million. Unless otherwise noted, all dollar amounts are in U.S. dollars.

These sales mark the completion of The Stars Group's divestiture of its legacy non-core gaming investments for total net cash proceeds this year of approximately $102 million. The Stars Group intends to use these proceeds for general corporate purposes.

"The successful sale of these legacy non-core investments is another step in our efforts to focus on our strategic business objectives," said Brian Kyle, Chief Financial Officer of The Stars Group. "The proceeds from our recent divestiture efforts provide us with additional financial capacity and flexibility to continue to execute on our organic and external growth initiatives."

Related Links
Jackpotjoy Site Details
Jackpotjoy Ownership Details
Stars Group Ownership Details
Stars Group Software Details

Featured Vendors
Mhetadata Marketing
Betson Imperial Parts & Service
Mhetadata Marketing
Marketing Automation automate your direct mail programs and save money doing it
Betson Imperial Parts & Service
You one stop shop for all your gaming and OEM needs!
Nathan Associates, Inc.
Anti-Counterfeit and Currency Expo
Nathan Associates, Inc.
One of the oldest and most respected economic consulting firms in the U.S.
Anti-Counterfeit and Currency Expo
Anti-Counterfeit & Currency Expo is the global platform for cash management professionals.
Casino Schedule Ease
Omnigo Software
Casino Schedule Ease
Removing the chaos from casino staff scheduling one property at a time
Omnigo Software
Provides a fully integrated end-to-end Incident Reporting and Risk Management solution
Gambling Invest
Rymax Marketing Services, Inc.
Gambling Invest
Buy or Sell Premium Gambling Domains
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Game King Slots
Regulatory Management Counselors, PC
Game King Slots
New or reconditioned slot machines, parts & repair. Top manufacturers - WMS, IGT, Bally and more!
Regulatory Management Counselors, PC
Over 35 years of experience serving the legal and regulatory needs of casino industry clients
Action Skill Games
International Gaming Solutions
Action Skill Games
Pennsylvania Skill Game Leaders: Serving the Vending Industry for over 30 years
International Gaming Solutions
Premium Providers of New, Used and Refurbished Slot Parts Plus All Types of Gaming Equipment
Casino Network
Payline Videos
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Payline Videos
Custom Video Solutions for Casinos & Gambling Websites!
TribalNet
Gaming Tickets, Inc.
TribalNet
19th Annual TribalNet Conference and Tradeshow Nov 5-8, 2018 Hard Rock Hotel and Casino Las Vegas
Gaming Tickets, Inc.
35 years in the gaming industry - premium quality slot tickets, lottery tickets on time under budget
Slot Machines Unlimited
Casino City Press
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.


Your Guide to 16,918 Gaming Industry Suppliers