Our credit view of The Stars Group reflecting its acquisition by Flutter Entertainment Plc, as well as the company's significant EBITDA margins and elevated leverage level.
The acquisition of Stars Group Inc. by Flutter is credit positive, as it would have significant scale, diversification, and opportunities for growth in online gaming and sports betting.
Our credit view of The Stars Group reflecting its significant EBITDA margins and elevated financial risk related to its acquisition based growth strategy.
The Stars Group's agreement with Eldorado Resorts enables market access to provide online betting and gaming in 11 additional states, a modest credit positive.
Our credit view of The Stars Group reflecting its significant EBITDA margins and elevated financial risk related to its acquisition based growth strategy.
The acquisition will increase leverage above our quantitative downgrade guidance of 6.5x, but diversifies the company's business away from the slower-growing poker segment.
Our credit view of The Stars Group reflecting its significant EBITDA margins and elevated financial risk related to its acquisition based growth strategy.
Our credit view of The Stars Group reflecting its reduced leverage level, significant EBITDA margins and elevated financial risk related to its acquisition based growth strategy.
The Stars Group's sports betting acquisition of 80% of CrownBet and William Hill Australia is a modest credit positive, gaining entry into the Australian market.
Our credit view of The Stars Group reflecting its reduced leverage level, significant EBITDA margins and elevated financial risk related to its acquisition based growth strategy.