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."
There's a mammoth 12-game slate of NBA action tomorrow with the first game set to tip-off at 11am AEDT. We bring you our best bets from some of the key matchups right here! read more
The 2021 AFLW season is finally upon us! The conference system has been scrapped, with all fourteen teams battling to finish inside the top six and its set to be an exciting season! See our full preview and betting tips for Round 1 here read more
The NBL continues this week with a huge eight matches scheduled for Round 3, including double-headers on both Saturday and Sunday. As always, we bring you our best bets from the best value games of the round, which you can find here. read more
We are heading back to the United States this week to take a look at the 2021 Farmers Insurance, which gets underway on Thursday night from the famous Torrey Pines Golf Course. See our full preview and betting tips for the event here read more
The best Australian sports betting sites ensure safe and successful online betting for punters. Here's our list of the best betting options in Australia. read more
Julian Vallance from Sportsbet takes us through some of the key factors which he uses with pricing upcoming horse races such as performance ratings. Check out his video from Sportsbet here. read more
Over-Round is an important concept for both punters and sportsbooks. It's how Australian sportsbooks make money! All punters should understand over-round, how to spot it, and how to find better value on the Betfair Exchange. read more
Ever wondered why you can get such great odds at Betfair in comparison to other online bookmakers? We break down why that is the case and why Betfair isn't just for professional punters here read more
The countdown is on until the BBL10 season officially gets underway! We ranked our BBL10 top 5 batsmen to watch earlier in the week, and today we are doing the same for bowlers! Check out our BBL10 top 5 bowlers to watch, courtesy of Mr.Cricket, here. read more
The BBL10 squads are pretty much finalised and the season is not far away! We've taken a look at the squads for each team, and put together our predicted starting lineups taking into consideration availability of Australian national players and the playing schedule of the international recruits. Check out our BBL10 team lineups here! read more
The Big Bash League season is just around the corner! In the lead up to BBL10, we will be taking a look at some of the key players who will be hoping to lead their teams to victory! Today, we go through the top five batsmen to watch in BBL10 read more
The team at Palmerbet take a look at three key chances for the 2020 Melbourne Cup as punters look to take advantage of the Palmerbet Price Push among 10+ other promos available for Palmerbet customers for the "Race That Stops The Nation" on Tuesday. read more
