The Stars Group Inc has announced that it intends to file on Monday, September 17, 2018, its business acquisition report (BAR) with respect to the acquisition of Sky Betting & Gaming. The BAR will include, among other information, Sky Betting & Gaming’s audited financial statements for its fiscal year ended June 30, 2018 as well as certain pro forma unaudited financial statements.
The group also revealed it will host a conference call and webcast at 8:30 a.m. ET on Monday, September 17, 2018 to discuss the contents of the BAR along with certain supplemental information, including key metrics, and additional highlights and updates for Sky Betting & Gaming.
The agreement to acquire Sky Betting & Gaming was officially announced by the Stars Group in April this year. The deal will comprise a cash and stock transaction valued at $4.7bn. This combination will result in the world’s largest publicly listed online gaming company.
The group claimed that the acquisition will provide it with multiple operational and financial benefits, including greater revenue diversification and significantly enhanced exposure to sports betting, as well as an increased presence in regulated markets.
SBG, currently home to the UK’s largest active online player base, generated unaudited annual revenue of £624m and unaudited adjusted EBITDA of £202m in the 12-month period ended December 31, 2017.