'The Stars Group' purchase controlling share of CrownBet for $150 million

Wed, 28/02/2018 - 10:20am, admin

Big news coming out of the Australian online gambling community today as ‘The Stars Group’, an international gambling company, has agreed to purchase the controlling share of CrownBet.

The Stars Group, which owns two of the largest online poker websites in the world in PokerStars and Full Tilt Poker, will purchase 62% of CrownBet from Crown Limited for around $150 million, making them the controlling owners in the company.

CrownBet CEO Matt Trip is slated to remain in charge of the company,and has stated that the board has been looking for the right buyers for some time now.

“We scoured the globe for the best partner for the business and The Stars Group quickly became our number one target,” Tripp said.

Along with Tripp remaining in charge, the CrownBet branding is likely to stay the same for the time being, as the brand has become synonymous with Australian bookmaking, becoming one of the fastest growing online sportsbooks in the country.

The Stars Group, which holds online gambling licenses in a total of 18 countries, will look to introduce CrownBet to an American market should the laws on online gambling be loosened in the near future.

It’s widely publicised that English bookmaker William Hill’s Australian business is also up for sale, and with the backing of The Stars Group, CrownBet have now become one of the leading bidders.

"Their endorsement is a shot in the arm for our business and a sign we're tracking well in a highly competitive market."  



2017-18 NHL Betting Tips: Devils at Sharks + March 21st Games

We preview some of the key matchups of the day in the massive 11 game slate in the NHL this Wednesday, the 21st of March here..read more

2017-18 Sheffield Shield Final: Queensland vs Tasmania Preview & Tips

Queensland will host Tasmania in the 2017-18 Sheffield Shield Final starting this Friday at Allan Border Field. Can the Tigers cause an upset? Here's our preview and betting tips..read more

2017-18 A-League: Round 24 Preview & Betting Tips

Great slate of A-League games on the schedule this weekend as we draw closer to the end of the season with plenty of top six outcomes still in play. See our preview and tips for Round 24 of the A-League here..read more

2018 South Africa vs Australia 3rd Test Preview & Betting Tips

The Test series between South Africa and Australia is now tied at 1 game apiece! See our preview and tips for the 3rd Test in Cape Town starting this Thursday here..read more


Best Australian Sports Betting Sites

The best Australian sports betting sites insures safe and successful online betting for punters as well as offering bonuses. read more

No Deposit Betting Bonus in Australia

CrownBet are offering new customers $25 in free bonus bets, with no strings attached! No deposit or turnover required, click here for more info read more

How Does Spread Betting Work?

Spread betting has finally made it's way to Australia through new betting agency Pointsbet, we give you a quick guide to spread betting here. read more

How to Bet on eSports in Australia

With the phenomenon of eSports finally starting to take off in Australia, we thought we'd give you a quick 'how to' guide on betting on eSports in Australia! read more