With this acquisition, the company will have the 20% that TSG didn\u2019t already own for AU$151m (US$103.3m).<\/p>\n\n\n\n\n\n\n\n
Australia.- Toronto based The Stars Group (TSG) announced that it buys the rest of the online betting operator BetEasy. With this acquisition, the company will have the 20% that TSG didn\u2019t already own for AU$151m (US$103.3m).<\/p>\n\n\n\n
\u201cI\u2019m delighted to reach this agreement for our BetEasy business. The launch of BetEasy through our acquisitions of CrownBet and William Hill Australia in 2018, created one of the leading operators in Australia and increased our exposure to a high-growth regulated market. Matt Tripp\u2019s entrepreneurial spirit and vision have guided BetEasy since he founded the business and we are glad he will oversee the transition as non-executive President,\u201d Stars Group CEO Rafi Ashkenazi said.\u00a0<\/p>\n\n\n\n
TSG will also pay AU$100m as part of a performance payment contained in TSG\u2019s 2018 BetEasy acquisition (80%) and a repay AU$56.9m of BetEasy minority shareholders\u2019 loans.<\/p>\n\n\n\n
BetEasy started in 2013 as a project of the founder, Mathew Tripp, that next year will leave his position to \u201coversee the transition as non-executive president.\u201d Tripp\u2019s former CEO position will be assumed by Andrew Menz, who previously served as BetEasy\u2019s director of strategy & regulatory affairs.
<\/p>\n","protected":false},"excerpt":{"rendered":"
With this acquisition, the company will have the 20% that TSG didn\u2019t already own for AU$151m (US$103.3m).<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Stars Group (TSG) has completed its full acquisition of Australian online betting operator BetEasy by purchasing the remaining 20% for AU$151 million, alongside a AU$100 million performance payment and AU$56.9 million in loan repayments. This strategic move consolidates TSG's presence in Australia's high-growth regulated market, with founder Matt Tripp transitioning to a non-executive President role and Andrew Menz assuming the CEO position.","focusai_entities":"The Stars Group (TSG), BetEasy, CrownBet, William Hill Australia, Rafi Ashkenazi, Matt Tripp, Andrew Menz","focusai_location":"Australia, Toronto","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"BetEasy Integration Synergies?","query":"What are the projected operational synergies and integration timelines for BetEasy under full TSG ownership, particularly concerning platform consolidation and cost efficiencies?"},{"label":"Impact on Australian GGR?","query":"How will this full acquisition impact TSG's overall Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) projections for the Australian market in the next fiscal year?"}],"footnotes":""},"categories":[160,16336,157,163],"tags":[289,234],"class_list":["post-1301","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-australasia-news","category-business-news","category-finance-news","tag-australia","tag-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=1301"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1301\/revisions"}],"predecessor-version":[{"id":21266,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1301\/revisions\/21266"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=1301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=1301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=1301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}