The Stars Group delivers in 2017 full year results

News on 14 Mar 2018

The Stars Group has gone from strength to strength reporting record revenues in its 2017 full year report.

Key performance indicators for the 12 months ending December 31, 2017 include:

13.6 percent rise in revenue to reach $1,312 million (2016: $1,155 million).

Real-money online poker revenues represented 66.9 percent (2016: 73.2 percent) of group revenue and combined online casino and sportsbook 29.3 percent (2016: 22.9 percent).

Poker Revenues grew 3.7 percent y-o-y to reach $877.3 million.

Casino and Sportsbook revenues combined were $384 million, up 45.4 percent y-o-y.

Net earnings up 91.3 percent to $259 million (2016: $135 million).

Diluted net earnings per share up 81.4 percent to $1.27 (2016: $0.70)

Adjusted EBITDA of $600 million (2016: $524 million)

In a 2018 Full Year Guidance announcement, TSG believes the company will deliver:

– Revenues of between $1,390 and $1,470 million;

– Adjusted EBITDA of between $625 and $650 million;

– Adjusted Net Earnings of between $487 and $512 million; and

– Adjusted Net Earnings per Diluted Share of between $2.33 and $2.47.

“During the year, we strengthened our core senior management team, delivered another year of record revenues, significantly deleveraged and continued to strengthen our balance sheet, all while investing in marketing, growth initiatives and technology infrastructure to support the long-term growth of our business,” Rafi Ashkenazi, chief executive officer of The Stars Group said.

“In 2018, we are continuing to execute on our growth initiatives, including through geographic expansion, inorganic growth, and improving our focus on and understanding of our customers, and we are beginning to realize our goal of becoming the world’s favorite iGaming destination.”

Related and similar