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NEWS 10 August 2017
The Stars Group revenues up 6.8% in Q2 2017
By Robert Simmons
Worldwide online gaming company The Stars Group has revealed that its revenue for the second quarter of 2017 grew by 6.8% year-on-year.

In its latest filing of 2017, Stars confirmed total quarterly revenue of $305.3m increasing by $19.6m on the figures for the same period of 2016.

Stars Group real-money online casino and sportsbook combined revenues increased by a whopping 50.2% year-over-year to $89.6 million for Q2 2017.

Customer Registrations increased by 2.1 million during the quarter to approximately 113 million.

However, real-money online poker revenues for the quarter decreased by 5.9% year-over year to $202.9 million in the same period of 2017.

The second quarter of 2017 has been a busy period for Stars Group and its PokerStars subsidiary, who in June recruited eight time Olympic gold medallist Usain Bolt and Hollywood comedian Kevin Hart as its latest brand ambassadors.

In July, The Stars Group launched the Stars Rewards program, an integrated loyalty program focused on customer engagement and experience that rewards players for their overall gameplay across poker, casino and sportsbook, in each case where available. The company also launched a VIP management program in its online casino business, adding over 100 new slot games to its existing casino platform.

August marked the successful completion of its rebranding from Amaya to The Stars Group, which culminated in the company’s common shares being traded on the Nasdaq Global Select Market and the Toronto Stock Exchange.

In a statement released with the figures, Rafi Ashkenazi, Chief Executive Officer of The Stars Group said: "Our evolution and transformation into The Stars Group continued as we completed our name change and head office move, while our second quarter saw the strengthening of our core senior management team and continued solid revenue growth led by our real money online casino offering,"

"We plan to use this momentum to continue improving and strengthening our business and pursuing our strategic objectives."

RELATED TAGS: Online | Industry | Financial | Casino
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