The Stars Group Announces Third Quarter 2017 Earnings Release Date and Conference Call and Webcast Details
TORONTO, Canada – October 30, 2017 – The Stars Group Inc. (Nasdaq: TSG; TSX: TSGI) today announced that it will release its financial results for the third quarter ended September 30, 2017 prior to the start of trading on Thursday, November 9, 2017 and will host a conference call and webcast at 8:30 a.m. ET to discuss the same.
- To access via tele-conference, please dial 1-855-327-6837 or 1-631-891-4304 ten minutes prior to the scheduled start of the call.
- The playback will be made available two hours after the event at 1-844-512-2921 or 1-412-317-6671. The Conference ID number is 10003774.
- To access the webcast please use the following link: http://public.viavid.com/index.php?id=127063
About The Stars Group
The Stars Group is a leading provider of technology-based products and services in the global gaming and interactive entertainment industries. Through its Stars Interactive Group gaming division, The Stars Group ultimately owns gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, and the PokerStars Championship, PokerStars Festival, PokerStars Caribbean Adventure and PokerStars MEGASTACK live poker tour brands (incorporating aspects of the European Poker Tour, Latin American Poker Tour and the Asia Pacific Poker Tour). These brands together have more than 113 million registered customers globally and collectively form the largest poker business in the world, comprising online poker games and tournaments, sponsored live poker competitions, marketing arrangements for branded poker rooms in popular casinos in major cities around the world, and poker programming and conte Group, at 1-877-452-7184 toll-free in North America, or outside North America at +1 416 304-0211, or by e-mail at email@example.com.
Flutter will hold its shareholder meeting in connection with the Combination on April 21, 2020 in Dublin and mailed its circular to its shareholders today.
Update on the Combination
The boards of directors of The Stars Group and Flutter have considered the likely impact of COVID-19 on the two companies as a combined group (the “Combined Group”) and continue to believe strongly in the strategic rationale for the Combination. Flutter’s board of directors has also considered the future capital management policy for the Combined Group and has revised its previously disclosed dividend approach such that Flutter’s final dividend for the financial year ended December 31, 2019 of 133 pence per share will be paid in Flutter shares instead of cash, subject to Flutter shareholder approval, and Flutter will no longer pay a pro-rated dividend for the period from January 1, 2020 until closing of the transaction to its shareholders as contemplated under the arrangement agreement. Flutter will also suspend its dividend for the current financial year ending December 31, 2020.
Combined Group Board of Directors and Executive Management Update
Following extensive discussions about the optimal construct of the Combined Group’s board of directors and senior executive team, The Stars Group and Flutter agreed that: (i) in response to the COVID-19 pandemic and a resulting desire to keep individuals on the Combined Group board of directors with a wide range of expertise in the near term, the Flutter board of directors will be comprised of fifteen directors until December 31, 2020 with an additional Flutter proposed director for a total of nine Flutter proposed directors during this period; and (ii) Rafi Ashkenazi, The Stars Group’s current CEO, will become a consultant to Flutter advising it on integration and advising its CEO on strategy for The Stars Group’s businesses contributed to the Combined Group, rather than becoming Chief Operating Officer as previously disclosed.
The Stars Group Board of Directors Update
The Stars Group is sad to advise that Harlan Goodson, Esq., a member of The Stars Group’s board of directors since May 2010, recently passed away from natural causes. Mr. Gadhia, the Executive Chairman of The Stars Group, stated: “Harlan was an invaluable member of our board of directors and we will be forever grateful for his contributions, insights and dedication. The Stars Group provides its condolences to Mr. Goodson’s family and friends.” Mr. Goodson was 73 years old.
About The Stars Group
The Stars Group is a provider of technology-based product offerings in the global gaming and interactive entertainment industries. Its brands have millions of registered customers globally and collectively are leaders in online and mobile betting, poker, casino and other gaming-related offerings. The Stars Group owns or licenses gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, FOX Bet, BetEasy, Sky Bet, Sky Vegas, Sky Casino, Sky Bingo, Sky Poker, and Oddschecker, as well as live poker tour and events brands, including the PokerStars Players No Limit Hold’em Championship, European Poker Tour and Asia Pacific Poker Tour. The Stars Group is one of the world’s most licensed online gaming operators with its subsidiaries collectively holding licenses or approvals in 23 jurisdictions throughout the world, including in Europe, Australia, and the Americas. The Stars Group’s vision is to become the world’s favorite iGaming destination and its mission is to provide its customers with winning moments.
Cautionary Note Regarding Forward Looking Statements and Other Information
This news release may contain forward-looking statements and information within the meaning of applicable securities laws, including with respect to, among other things, the applicable meetings of the shareholders of each of The Stars Group and Flutter, the dividend policy of Flutter and the Combined Group, and the board of directors and management of the Combined Group. Forward-looking statements can, but may not always, be identified by the use of words such as "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "would", "should", "believe", and similar references to future periods or the negatives of these words and expressions. These statements are based on management’s current expectations and are subject to a number of risks, uncertainties, and assumptions. There can be no assurance that actual results will not differ materially from those expressed or implied in forward-looking statements. Undue reliance should not be placed on forward-looking statements. Please refer to The Stars Group’s most recent annual information form and annual and interim financial statements and management’s discussion and analysis for more information about the factors, assumptions and risks that may apply to The Star’s Group’s forward-looking statements. Each forward-looking statement speaks only as of the date hereof, and The Stars Group undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
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