TORONTO, April 30, 2020 – The Stars Group Inc. (NASDAQ: TSG) (TSX: TSGI) today announced that it expects to complete the pending combination with Flutter Entertainment plc (LSE:FLTR) on May 5, 2020, subject to customary closing conditions. Upon closing, shareholders of The Stars Group will be entitled to receive 0.2253 Flutter ordinary shares for each common share.
“With the overwhelming approval of our shareholders last week and receipt of all remaining regulatory approvals, we look forward to completing our combination with Flutter next week. We are very excited about the potential of this combination, which will create a global leader in online betting and gaming with a portfolio of trusted brands, complementary best-in-class products, diversified revenues, stand-out technology and, most importantly, outstanding teams of exceptional people around the world,” said Dave Gadhia, Executive Chairman of the Board.
“I would like to personally thank our shareholders, employees, customers, and partners for supporting our vision, and particularly thank Rafi for his leadership and dedication, as well as the rest of our management team for an exceptional job expanding our business to create a truly global, diversified leader, delivering strong growth despite facing significant headwinds over the years. Lastly, I’d like to thank our Board of Directors who delivered an unprecedented level of commitment stewarding the business while providing unwavering guidance and support in our pursuit of growth,” concluded Mr. Gadhia.
The Stars Group also received a final order of the Ontario Superior Court of Justice (Commercial List) approving the transaction on April 28, 2020.
Shareholders who have questions or require assistance with submitting their shares for the transaction, please contact Computershare Trust Company of Canada, who is acting as depositary for the same, toll free at 1-800-564-6253 or by email at corporateactions@computershare.com. Further information regarding the transaction is available in the management information circular of The Stars Group dated March 26, 2020, which is available under The Stars Group’s profile on SEDAR at www.sedar.com, on EDGAR at www.sec.gov and on The Stars Group’s website at https://s1.rationalcdn.com/vendors/stars-group/documents/special-meeting/0320/proxy-circular.pdf.
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, includines no representation as to the accuracy of the information in the articles and does not, does not intend to, and expressly disclaims any duty to, update or correct such information.
The Stars Group has no control over information available at or through hyperlinked sites. The Stars Group makes no representation as to, and is not responsible for, the quality, content, nature or reliability of any hyperlinked site, or any information available on or through any such sites or websites. The Stars Group provides hyperlinks, if any, to you only as a convenience, and the inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by The Stars Group of any information contained in any hyperlinked site. In no event shall The Stars Group be responsible for your use of a hyperlinked site.