The Stars Group has hailed a big 12 months as its 2017 results showed revenues hitting the US$1.3bn mark, a year-on-year increase of 13.6 per cent (US$1,155bn).
There was year-on-year growth in online poker, with revenues of US$877.3m, up by 3.7 per cent, with casino and sportsbook revenues of US$384m (up 45.4 per cent from over the year.
Adjusted net earnings of US$111.9m was an increase of 4.6 per cent on the 2016 figure of US$107m.
For 2018, the Group expects to see revenues of between US$1.39bn and US$1.47bn, with adjusted EBITDA of between US$625m and US$650m.
“2017 marked our evolution and transformation into The Stars Group," said Rafi Ashkenazi, The Stars Group’s chief executive officer.
"We maintained our global dominance in online poker, with the business experiencing year-over-year growth in that vertical. Our online casino has already become one of the largest in the world since its launch in 2014, and our emerging online sportsbook not only recorded meaningful growth in turnover and revenues, but started to become a secondary customer acquisition channel."
"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.
"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."
