Stars Group sells its entire shareholding in Jackpot Joy plc

The Stars Group subsidiary Stars Interactive Holdings has sold off its entire shareholding in online gambling group Jackpot Joy plc, according to reports in the UK investment press.

The reports advise that Stars originally planned to offload around half of its shareholding (2.8 million shares) but has now sold its entire 5.6 million shareholding – a 7.5 percent stake in Jackpot Joy – at 802 pence a share following strong investor demand.

Stars made a cool GBP 45 million from the sell-off, but has not publicly commented on its reason for off-loading the stock.

The sale was the second major shares deal from Stars this week; earlier it sold its just over 7 million shares in NYX Gaming to Scientific Games for an estimated $40 million (see previous report).

Related and similar