Toronto Recorded The Stars Group has Released its Q1-2018 report, highlighting:
* Group revenue up 23 percent year-on-year at $393 million;
* PokerStars subsidiary reported revenue up 12 percent at $245.9 million;
* Online casino and sports betting publications revenue up 55 percent at $134.5 million;
Group CEO Rafi Ashkenazi stated in his report:
“The Stars Group’s strong first quarter results continued our natural growth trajectory. We’re pleased with the operation of every one of our verticals, casino, poker and sportsbook, which can be benefiting not just from the continued success of Stars Rewards but also out of our strategy of focusing on the customer and continuing improvements to our product offerings. ”
“Moving forward, the unique foundation of our current business will soon be complemented by our acquisitions of CrownBet and William Hill Australia, and anticipated completion of the Sky Betting & Gambling acquisition. ”
“These acquisitions will help enhance our revenue base, increase our vulnerability to regulated markets, and transform our joint sportsbook into another customer acquisition station. These new additions will accelerate not only the natural growth we’re seeing in our current business but also our advancement in realizing our vision of getting the world’s favorite iGaming destination. ”
