Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
286 |
Employees |
- |
Revenues (TTM) (Millions $) |
2,528 |
Net Income (TTM) (Millions $) |
62 |
Cash Flow (TTM) (Millions $) |
721 |
Capital Exp. (TTM) (Millions $) |
0 |
Stars Group Inc.
Stars Group Inc. is a publicly traded online gambling and gaming company based in Toronto, Canada. The company was founded in 2001 by Isai Scheinberg and his son Mark Scheinberg as a small software development company. In 2006, the company launched its flagship product, PokerStars, which quickly grew to become the world's largest online poker site.
In 2014, the company merged with Amaya Gaming Group, a Montreal-based gaming company, and changed its name to Amaya Inc. In 2017, Amaya rebranded as The Stars Group Inc., signaling a renewed focus on the company's core brand and expanding its product offering beyond poker.
Today, The Stars Group operates a wide range of online gaming and gambling products, including sports betting, casino games, and poker. The company's products are available in over 100 countries, with a particularly strong presence in Europe and North America.
One of the company's flagship brands is PokerStars, which still accounts for a significant portion of its revenue. PokerStars hosts live and online poker tournaments, and sponsors a number of professional poker players, including Daniel Negreanu and Chris Moneymaker.
In addition to its online gaming products, The Stars Group has also made several acquisitions in recent years to expand its business. In 2018, the company acquired Sky Betting & Gaming, a UK-based sports betting company, for $4.7 billion. This gave the company a stronger foothold in the rapidly-growing sports betting market.
The Stars Group has also made a number of investments in new technology and products, such as virtual reality gaming and esports. In 2018, the company partnered with the World Series of Poker to launch a virtual reality poker product, and has also invested in a number of esports teams and tournaments.
In summary, The Stars Group Inc. is a multinational online gambling and gaming company that offers a wide range of products including sports betting, casino games, and poker. With a strong focus on innovation and expansion, the company has become a major player in the global online gaming industry.
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