Stars Group reveals widespread financial growth in 2017

The Stars Group has reported year-on-year growth across a number of key financials for the 12 months to December 31, 2017.

Revenue amounted to $1.31bn (€1.06bn), which is up 13.6% on $1.16bn posted in the previous year.

Net earnings hiked 91.3% year-on-year to $259.3m, while adjusted net earnings also increased by 25.2% to $458.9m.

Elsewhere, adjusted earnings before interest, tax, depreciation and amortisation climbed 14.5% from $524.1m in 2016 to $600.3m in the past year.

Diluted net earnings per common share for the full year stood at $1.27, which is 81.4% more than the previous 12 months, while the adjusted amount for this result was also up 19.7% year-on-year to $2.25.

Rafi Ashkenazi, chief executive of Stars Group, said: “We maintained our global dominance in online poker, with the business experiencing year-over-year growth in that vertical, our online casino has already become one of the largest in the world since its launch in 2014.

“Our emerging online sportsbook not only recorded meaningful growth in turnover and revenues, but started to become a secondary customer acquisition channel.

“In 2018, we are continuing to execute on our growth initiatives, including through geographic expansion, inorganic growth, and improving our focus on and understanding of our customers, and we are beginning to realise our goal of becoming the world’s favourite igaming destination.”

Related articles: CrownBet wins race for William Hill’s Australian business
Stars Group acquires majority stake in CrownBet