Edition:
India

Stars Group Acquires Majority Interest In CrownBet For $117.7 Million


Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Stars Group Inc ::STARS GROUP ACQUIRES MAJORITY INTEREST IN CROWNBET.STARS GROUP INC - DEAL FOR APPROXIMATELY $117.7 MILLION.STARS GROUP INC - ‍UNDER TRANSACTION AGREEMENTS, STARS GROUP IS ALSO ENTITLED TO APPOINT A MAJORITY OF DIRECTORS ON BOARD OF DIRECTORS OF CROWNBET​.STARS GROUP INC - CO ACQUIRED 62% INTEREST IN CROWNBET FROM CROWN RESORTS LIMITED IN AN ALL-CASH TRANSACTION USING CASH ON STARS GROUP'S BALANCE SHEET.STARS GROUP INC - NORTHERN TERRITORY RACING COMMISSION HAS APPROVED TRANSACTION SUBJECT TO STARS GROUP SATISFYING CERTAIN STANDARD CONDITIONS. 

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