Stars Group Strengthens Aussie Betting Stance In $315M Deal

Law360 (March 6, 2018, 7:32 PM EST) -- The Stars Group, owner of online poker and gambling brands including PokerStars and Full Tilt, will increase its stake in online sports book CrownBet Holdings and acquire William Hill Australia Holdings for a total price of $315 million to increase its stake in the Australian online betting industry, the company said Tuesday.

The Stars Group Inc. will pay $234 million for William Hill PLC subsidiary William Hill Australia Holdings Pty. Ltd. with the remainder being paid via 3.1 million shares for equity interest in CrownBet Holdings...
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