TSGI.TO - The Stars Group Inc.

Toronto - Toronto Delayed Price. Currency in CAD
28.99
+0.10 (+0.35%)
At close: 4:00PM EST
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Previous Close28.89
Open28.77
Bid29.01 x 0
Ask29.00 x 0
Day's Range28.73 - 29.01
52 Week Range16.69 - 29.33
Volume272,026
Avg. Volume648,712
Market Cap8.356B
Beta (3Y Monthly)1.62
PE Ratio (TTM)N/A
EPS (TTM)-0.21
Earnings DateNov 7, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est23.75
  • CNW Group

    The Stars Group Reports Third Quarter 2019 Results

    The Stars Group Reports Third Quarter 2019 Results

  • Were Hedge Funds Right About Dumping The Stars Group Inc. (TSG)?
    Insider Monkey

    Were Hedge Funds Right About Dumping The Stars Group Inc. (TSG)?

    It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by more […]

  • CNW Group

    The Stars Group Announces Third Quarter 2019 Earnings Release Details

    The Stars Group Announces Third Quarter 2019 Earnings Release Details

  • Paddy Power Owner Makes a $6 Billion Bet Against the Antitrust Police
    Bloomberg

    Paddy Power Owner Makes a $6 Billion Bet Against the Antitrust Police

    (Bloomberg Opinion) -- When a bookmaker’s shares shoot up as much as 22% on a wager to dominate the market for online betting, you can see what investors are thinking: This company is going to attract even more gamblers and convince the ones it has already to risk more of their money on new games.Flutter Entertainment Plc’s proposed takeover of Canadian rival The Stars Group Inc. was rapturously received by investors on Wednesday.  As well as the deal’s substantial potential for cost savings, the Dublin-based owner of the Paddy Power and Betfair brands spies the chance to expand in the U.S. and take share from smaller rivals. The market reaction is a red flag that this combination will create a very powerful force in betting, one that regulators should look at very closely.The bid has been triggered by the opening up of the sports betting market in the U.S. That’s an opportunity for Flutter to apply its skills to a much larger territory. Toronto-based Stars Group is the perfect target for jump starting a North American strategy. Its shares got hit by a recent profit warning, and it’s laboring under debts worth around 7 times trailing earnings before interest, taxes, depreciation and amortization. By contrast, Flutter’s borrowings are low. A combination therefore brings that immediate benefit of sharing the debt burden, leading to lower financing charges. The groups can share some technology, eliminating some need for external purchases. Flutter also gets to harvest the benefits of Stars Group’s recent acquisition of Sky Betting & Gaming, which have yet to filter into results.Scale should provide a competitive advantage in regulated betting given the costs of complying with responsible gambling rules. That makes it easier to take market share.  With all of their brands, Flutter and Stars Group have a captive audience of gamblers across the gamut of poker, online casinos and sports betting. The combined company will seek to tempt customers from one of the groups to try the others’ preferred form of wager.All the same, the main regulatory concerns about this deal will be antitrust. The transaction will face tough scrutiny in the U.K. and Australia especially. The long timetable for completion betrays that expectation.Investors seem to be assuming that clearance will come with modest remedies, if any, judging by the enthusiastic stock-market reaction. If so, shareholders will certainly win. Based on Flutter’s closing share price on Tuesday, its all-stock offer for Stars Group’s equity was worth $6 billion, and $11 billion when including assumed net debt. Stars Group’s operating profit is forecast to exceed $700 million as soon as next year. Add $170 million of cost savings, deduct tax and the expectation that returns will exceed 7.5% within three years of completion looks credible.The rise in Flutter’s share price – well beyond what is justified by the stated cost savings – makes the deal still more attractive to Stars Group’s shareholders, lifting the offer to $6.8 billion, a 55% premium on the company’s market value on Tuesday. But any big share price move alerts even the sleepiest of regulators to increased market power. Expect them to look at this one hard.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Benzinga

    Stars Group Trades Higher On All-Stock Merger With Flutter Entertainment

    The Stars Group (NASDAQ: TSG) shares are trading higher after the company announced an all-stock merger with Flutter Entertainment. The merger will combine two businesses in the sports betting and gaming sector. On completion of the merger, Flutter shareholders will own approximately 54.64% and The Stars Group shareholders would own approximately 45.36% of the share capital of the combined group.

  • Barrons.com

    Flutter Stock Soars on Deal to Create Biggest Online Betting Company in the World

    U.K. betting giant Flutter has agreed to buy Canadian online gaming company The Stars Group, creating the world’s largest online betting operator.

  • ACCESSWIRE

    Flutter Entertainment PLC Announces Flutter & The Stars Group all-share combination

    THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2016. THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. THE INFORMATION ...

  • PR Newswire

    The Stars Group Begins Executing U.S. Strategy as Part of Landmark Agreement With FOX Sports

    TORONTO, Sept. 17, 2019 /PRNewswire/ -- The Stars Group Inc. (TSG) (TSGI.TO) today announced that over the last two weeks it has successfully executed on initial stages of its U.S. strategy, with the launch of FOX Bet in New Jersey and Pennsylvania, and FOX Sports Super 6 nationwide. FOX Sports Super 6, a free-to-play sports prediction game that offers players the chance to win hundreds of thousands of dollars in cash each week, also launched nationwide on September 7. With the FOX Sports Super 6 App, fans can enter multiple contests each week, with jackpot prizes up to $250,000.

  • Stars Group (TSE:TSGI) Use Of Debt Could Be Considered Risky
    Simply Wall St.

    Stars Group (TSE:TSGI) Use Of Debt Could Be Considered Risky

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

  • Thomson Reuters StreetEvents

    Edited Transcript of TSGI.TO earnings conference call or presentation 12-Aug-19 12:30pm GMT

    Q2 2019 Stars Group Inc Earnings Call

  • FOX Bet Launches In Pennsylvania
    CNW Group

    FOX Bet Launches In Pennsylvania

    FOX Bet Launches In Pennsylvania

  • FOX Bet Launches in New Jersey
    CNW Group

    FOX Bet Launches in New Jersey

    FOX Bet Launches in New Jersey

  • Murdoch's Fox launches sports betting with FOX Bet
    Reuters

    Murdoch's Fox launches sports betting with FOX Bet

    When Rupert Murdoch's Fox Corp launches the FOX Bet sports betting platform on Monday, it will do what no other major media company has done in North America: become the face of a sports gambling platform. FOX Bet, which launches in New Jersey, is operated through a partnership with gaming provider The Stars Group (TSG) . Entertainment giants from Walt Disney Co to AT&T Inc's WarnerMedia have waded into the red hot sports betting arena, which experts project could generate $9 billion of revenue over the next few years in gambling revenue.

  • Introducing Stars Group (TSE:TSGI), The Stock That Dropped 50% In The Last Year
    Simply Wall St.

    Introducing Stars Group (TSE:TSGI), The Stock That Dropped 50% In The Last Year

    Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. When you...

  • The Stars Group (TSG) Q2 2019 Earnings Call Transcript
    Motley Fool

    The Stars Group (TSG) Q2 2019 Earnings Call Transcript

    TSG earnings call for the period ending June 30, 2019.

  • PR Newswire

    The Stars Group Reports Second Quarter 2019 Results; Updates 2019 Full Year Guidance; Appoints New Independent Director

    TORONTO , Aug. 12, 2019 /PRNewswire/ --   The Stars Group Inc. (NASDAQ: TSG) (TSX: TSGI) today reported its financial results for the second quarter ended June 30, 2019 , provided updated 2019 full year ...

  • PR Newswire

    The Stars Group Announces Second Quarter 2019 Earnings Release Conference Call and Webcast Details

    TORONTO , Aug. 7, 2019 /PRNewswire/ -- The Stars Group Inc. (Nasdaq: TSG) (TSX: TSGI) today announced that it will release its financial results for the second quarter ended June 30, 2019 prior to the ...