TORONTO, March 31, 2020 /PRNewswire/ -- The Stars Group
Inc. (NASDAQ: TSG) (TSX: TSGI) welcomes today's announcement from
the UK Competition & Markets Authority ("CMA") that it has
unconditionally cleared its combination with Flutter Entertainment
plc following the CMA's Phase 1 review under the Enterprise Act
2002. As previously announced, The Stars Group and Flutter have
entered into an arrangement agreement providing for an all-share
combination to be implemented through an acquisition of The Stars
Group by Flutter pursuant to a plan of arrangement under the
Business Corporations Act (Ontario) (the "Combination").
The Stars Group and Flutter continue to work diligently towards
completion of the Combination, which remains conditional upon,
among other things, certain approvals by each of Flutter's and The
Stars Group's shareholders, Ontario court approval of the plan of
arrangement, certain approvals from the United Kingdom Financial
Conduct Authority, London Stock Exchange and Euronext Dublin, and
any remaining relevant merger control, foreign investment and
gaming related approvals.
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, and Sky
Poker, as well as live poker tour and event brands, including the
PokerStars Players No Limit Hold'em Championship, European Poker
Tour, Asia Pacific Poker Tour, PokerStars Festival and PokerStars
MEGASTACK. 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 completion of
the Combination. 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.
For investor and media inquiries, please contact:
Vaughan Lewis: ir@starsgroup.com
and press@starsgroup.com
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SOURCE The Stars Group