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."
We look to continue our form in the A-League with some more great betting tips for Round 8 this weekend. Check out our best plays here read more
Round 9 of the NBL kicks off soon and there's some really good games set to play out. Check out our previews and betting tips for all the action here read more
It's that time of year again! We take a look at the season outrights and player markets for the 2018-19 Big Bash League Season here! read more
The 2018-19 PDC World Darts Championship kicks off this Thursday and over the next two weeks the best darts players in the world will compete for the game's ultimate prize! Here's our preview and our best betting tips for the tournament! read more
Here's a run down of which Australian sports betting sites offer live streaming action of your favourite sports! read more
The best Australian sports betting sites insures safe and successful online betting for punters as well as offering the best betting options in Australia. read more
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
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
Can the Perth Scorchers win a record 4th Big Bash League title in 2018-19? See our full team preview for the Scorchers in BBL08 here read more
The Adelaide Strikers will be aiming for a successful title defence in BBL08. Can they complete the back to back or will Travis Head's international duty be a hinderance? read more
Our 2018-19 Big Bash League team previews continue today as we take a look at last season's semi finalists the Melbourne Renegades. Can the Renegades make the finals for just the third time in BBL08? read more
The Hobart Hurricanes surprised many last season as they reached the final, and they'll be looking to go one better in BBL08. They have a dynamic squad of talented players but they'll need to keep them on the park to contend. Here's our Hurricanes team preview for BBL08. read more