Sky Betting and Gaming saw its revenues rise by almost a third to £670.5m in the year ending June 30, 2018.
That’s according to figures posted by Stars Group, which detailed SBG stakes increasing by 13 per cent to £3.86bn compared to 12 months earlier, with a win margin of 10.5 per cent.
Adjusted EBITDA was up 43.1 per cent to £208.6m, with adjusted EBITDA margin at 31.1 per cent, up 2.8 points.
SBG put the increased stakes down to “product enhancement and innovation”, with the win margin influenced by favourable sporting results within Europe.
"2018 is a transformative year for the business, with three acquisitions and related financings and other significant changes to our corporate and capital structure," said Rafi Ashkenazi, The Stars Group's CEO.
"We've executed on these transactions and looking forward into 2019, are now focused on integration and we are confident that we will deliver on our plans to grow market share both globally and in key markets. SBG is a key component of this plan and we are excited about its potential as the fastest growing and one of the largest online and mobile sports betting and gaming businesses in the UK, the world's largest regulated online gaming market.”
Richard Flint, CEO of SBG, said: "The 2018 fiscal year was another strong year for SBG, with continued product leadership and innovation.
"We enjoyed another year of growth, extending our leadership as the UK's most popular online betting and gaming brand. We also continued our investment in brand, technology and people, and continued delivering innovative products that meet the needs of our customers, all of which we believe combined to drive strong operating results.
"I am also particularly pleased with the progress we made to deliver a safer gambling environment to our customers and to continue our record of job creation and investment in Yorkshire, as well as our contribution to regional and national taxation in the UK.
"The transaction with The Stars Group will allow us to offer our best-in-class products to a truly global audience. We enter the rest of 2018 and head into 2019 as part of one of the world's largest publicly listed online gaming companies, and I am excited about the opportunities that this combination presents.”
