Fox Sports would invest<\/a> $236 million for a 4.99 percent share of the company, with an option to acquire 50 percent in ten years\u2019 time. Later in the year, the two companies will launch an online sports betting platform, the first such platform to be branded by a major US broadcaster.<\/p>\n\u201cAs we continue to lay the foundations to deliver sustainable long-term growth across the group, we are also now focused on positioning our new Fox Bet brand as a market leader in the US,\u201d said Ashkenazi this week.<\/p>\n
\u201cOur leading positions in attractive markets, strong brands, technology and operating expertise have been bolstered by the new partnership with Fox Sports and positions us well for long-term growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Analysts were swooning over Stars Group stock this week following an earnings update that saw the PokerStars parent book Q1 revenues of $580 million, up 48 percent year over year. The Motley Fool pounced on Thursday, designating Stars a \u201cvery hot buy,\u201d despite a slump for PokerStars and an overall 63 percent dip in earnings […]<\/p>\n","protected":false},"author":36,"featured_media":105175,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810,19,32093,1074],"tags":[],"acf":[],"yoast_head":"\n
New Acquisitions Star as Stars Group Posts 48 Percent Growth in Q1<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n