Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
TORONTO , April 30, 2020 /CNW/ -- The Stars Group Inc. (TSG) (TSGI.TO) today announced that it expects to complete the pending combination with Flutter Entertainment plc (FLTR.L) on May 5, 2020 , subject to customary closing conditions. Upon closing, shareholders of The Stars Group will be entitled to receive 0.2253 Flutter ordinary shares for each common share.
The Stars Group (TSG) delivered earnings and revenue surprises of 16.67% and 2.22%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
TORONTO , March 16, 2020 /CNW/ -- The Stars Group Inc. (TSG) (TSGI.TO) today provided a general business update, including an update on its year-to-date performance and the recent coronavirus outbreak. "We are pleased with the performance of our business so far this year, which has seen continued strong underlying momentum within our UK and Australia segments, and a sequential improvement in our international segment from the fourth quarter of 2019," said Rafi Ashkenazi, Chief Executive Officer of The Stars Group. "Overall, we are so far performing ahead of our expectations and currently expect to see strong year over year growth in revenues for the first quarter," continued Mr. Ashkenazi.
TORONTO , April 17, 2020 /CNW/ -- The Stars Group Inc. (TSG) (TSGI.TO) today provided a general business update, including expectations for its financial results for the first quarter of 2020. Commitment to Safer Gambling - A key area of focus for The Stars Group, particularly during this unprecedented time, has been to enable customers to enjoy its games in a safe and fair manner.
NEW YORK , Feb. 7, 2020 /CNW/ -- The XFL and FOX Bet today announced a new deal that makes the mobile sports betting brand an authorized gaming operator of the league. FOX Bet will promote and offer XFL-centric betting markets to its customers and create a special FOX Sports Super 6 game for each week of the XFL's 10-week regular season (Feburary 8 – April 12 ), and one for its postseason semi-finals ( April 18-19 ) and Championship game ( April 26 ). This special XFL free-to-play game will offer guaranteed cash prizes and be promoted to the FOX Sports Super 6 database of over 1 million customers each week.
The Stars Group (TSG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
TORONTO , March 31, 2020 /CNW/ -- The Stars Group Inc. (TSG) (TSGI.TO) welcomes today's announcement from the UK Competition & Markets Authority ("CMA") that it has unconditionally cleared its combination with Flutter Entertainment plc following the CMA's Phase 1 review under the Enterprise Act 2002. As previously announced, The Stars Group and Flutter have entered into an arrangement agreement providing for an all-share combination to be implemented through an acquisition of The Stars Group by Flutter pursuant to a plan of arrangement under the Business Corporations Act ( Ontario ) (the "Combination"). The Stars Group and Flutter continue to work diligently towards completion of the Combination, which remains conditional upon, among other things, certain approvals by each of Flutter's and The Stars Group's shareholders, Ontario court approval of the plan of arrangement, certain approvals from the United Kingdom Financial Conduct Authority, London Stock Exchange and Euronext Dublin, and any remaining relevant merger control, foreign investment and gaming related approvals.
The Stars Group (TSG) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The Stars Group Inc. (NASDAQ: TSG) (TSX: TSGI) is pleased to announce that shareholders today approved the proposal to combine the business with Flutter Entertainment plc ("Flutter"). The special resolution approved the previously announced plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement") between The Stars Group and Flutter, whereby Flutter will acquire all of the issued and outstanding common shares of The Stars Group.
The Stars Group Inc. (NASDAQ: TSG) (TSX: TSGI) today reported its financial results for the fourth quarter and year ended December 31, 2019 and provided certain additional highlights and updates. Unless otherwise noted, all dollar ($) amounts are in U.S. dollars.
TORONTO , March 27, 2020 /CNW/ -- The Stars Group Inc. (TSG) (TSGI.TO) today announced that its special meeting of shareholders to approve the proposed all-share combination with Flutter Entertainment plc (the "Combination") will be held on Friday, April 24, 2020 at 10:00 a.m. ET . The Stars Group also provided certain updates on the Combination and the composition of its board of directors. The Stars Group's special meeting of shareholders will be held at the Hotel Fairmont Royal York, located at 100 Front Street West, Toronto, Ontario, Canada M5J 1E3 in the Confederation 3 room, but attendance and voting can also be done virtually via a live audio webcast online at https://web.lumiagm.com/238137587, using the password 'stars2020'.
Moody's Investors Service, ("Moody's") has today assigned a corporate family rating ("CFR") of Ba1 and a probability of default rating ("PDR") of Ba1-PD to Flutter Entertainment plc ("Flutter") following the closing of its merger with The Stars Group Inc. ("TSG", B2 Stable). Concurrently, Moody's has assigned a Ba1 rating to Flutter's GBP950 million senior secured term loan A and GBP450 million revolving credit facility ("RCF").
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Penn National Gaming, Inc. (PENN) is likely to gain from a strong brand presence and acquisitions. However, stiff competition and weather-related events are pressing concerns for the company.
The Stars Group Inc. (NASDAQ: TSG) (TSX: TSGI) is pleased to announce that two independent proxy advisory firms, Institutional Shareholder Services Inc. and Glass Lewis & Co., have each recommended that shareholders vote FOR the proposed all-share combination with Flutter Entertainment plc by way of a plan of arrangement at the upcoming special meeting (the "Meeting") of The Stars Group shareholders on April 24, 2020 at 10:00 a.m. EDT. The Stars Group also announced today that the Meeting will now be held in a virtual only format, whereby shareholders may attend and participate in the Meeting via live audio webcast.
The Stars Group Announces Fourth Quarter and Full Year 2019 Earnings Release Details
The Zacks Analyst Blog Highlights: IGT, ATVI, ZNGA and TSG
Moody's Investors Service ("Moody's") today placed all the rating of The Stars Group Inc. ("TSG", "Stars") on review for upgrade, including the company's B2 Corporate Family Rating ("CFR"), B2-PD Probability of Default Rating, as well as the B1 senior secured and Caa1 senior unsecured ratings of The Stars Group Holdings B.V. The company's Speculative Grade Liquidity rating remains SGL-1. The review for upgrade reflects the closure of the acquisition of the company by Flutter Entertainment Plc, with Flutter shareholders owning 54.64% of the combined Flutter/TSG group.
The Stars Group (TSG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.