Tag Archives: Crownbet
Australia – Stars Group buys William Hill Australia via CrownBet
British sports betting operator William Hill has sold its Australian business to CrownBet claiming that regulatory changes forced it to leave the market and write down the value of the business. The deal was preceded by Canada-based Stars Group, owner of PokerStars, increasing its share holding in CrownBet from 62 per cent to 80 per…
Australia – The Stars Group buys majority interest in CrownBet
The Stars Group has bought a 62 per cent equity interest in CrownBet Holdings Pty Limited for an aggregate amount of approximately $117.7m. CrownBet, which launched in 2014 in Australia, the world’s second largest regulated sports betting market, is one of Australia’s fastest growing online sportsbooks with unaudited annual revenues growing from approximately A$76.5m in…
Australia – Crown sells its online division
Crown Resorts is to sell its 62 per cent stake in online betting firm CrownBet to a consortium including the unit’s Chief Executive for A$150m (US$117m). The deal, part of a series of divestments planned by Australia’s biggest casino company to cut debt, also includes loans extended by Crown to CrownBet. In a statement from Crown…
Australia – Fox Sports launches daily fantasy sports
FOX Sports Australia has teamed up with CrownBet to launch new daily fantasy platform Draftstars, offering Australia’s biggest fantasy prize pools and an exciting way for sport lovers to test their skill and knowledge against each other. Draftstars will be the most advanced daily fantasy platform in Australia and will also be the Official Daily…
