TORONTO, Jan. 6, 2020 /CNW/ -- The Stars Group Inc.
(Nasdaq: TSG) (TSX: TSGI) today announced that it entered into an
agreement with the Little Traverse Bay Bands of Odawa Indians
Gaming Authority ("Odawa") for online betting and gaming market
access in the State of
Michigan.
The agreement grants The Stars Group first skin market access to
operate and brand real-money online betting, poker and casino in
Michigan, subject to license
availability, state law and regulatory approvals.
"We are excited to announce this agreement with the Odawa tribe,
which further strengthens our market access as we work to continue
to build our FOX Bet business into one of the leaders in the
emerging U.S. online betting and gaming market," said Robin Chhabra, Chief Executive Officer, FOX
Bet.
"The Tribe's partnership with The Stars Group extends beyond our
reservation and places the thrill of world class sports betting and
online gaming under every finger-tip sliding across a touch screen
in the State of Michigan," said
Fred Harrington Jr., Tribal Council,
LTBB Odawa.
Under the terms of the agreement, Odawa will receive a revenue
share from the operation of the applicable online offerings by The
Stars Group.
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 22 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.
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.
Examples of these statements include, but are not limited to,
statements regarding the expected benefits to be achieved as a
result of the market access agreement referenced in this news
release, the passage of applicable legislation related to online
betting and gaming, the inclusion of applicable market access or
skins in any such legislation and The Stars Group's ability to
operate online betting or gaming profitably in the state, or
otherwise. 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 relations and media inquiries, please
contact:
Vaughan Lewis,
Senior Vice President,
Communications: ir@starsgroup.com and press@starsgroup.com
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SOURCE The Stars Group