TORONTO, April 30, 2020 /PRNewswire/ -- 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,
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 24
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
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 completion of
the combination with Flutter. 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 Stars 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.
For investor relations and media inquiries, please
contact:
Vaughan Lewis
Senior Vice President, Communications
ir@starsgroup.com
press@starsgroup.com
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SOURCE The Stars Group