Revenue of the TSG has been increased by a third in the second quarter of 2018
The Stars Group (TSG) published a report on the results of the II quarter. The operator of online gambling games received $411.5 million in revenue, an annualized increase of 35%.
Organic growth of the company - 15%. Adjusted earnings rose by 14.8% to $168.3 million. Operating profit fell by a record 99% to $1 million. This is due to high operating costs due to the latest acquisitions of TSG.
The Austrian business group - CrownBet and William Hill Australia, which now operates under the BetEasy brand, received $13.5 million in adjusted earnings and $46.8 million in gross profit.
TSG's international business generated $350.2 million, of which $217 million was generated by poker. The flagship brand of the PokerStars group recorded a reduction in the number of active players by 7.3%, despite an agreement on the overall liquidity of poker between France, Spain and Portugal.
The online casino sector increased by 26.3% to $102 million. The group plans to rebrand its operations in online direction. Presumably, it will be renamed to CasinoStars. Also they play to update the website and add some new marketing tools.
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