The Stars Group Q2 Profit Surge Lifts 2017 Earnings

Business News

The Stars Group Inc., formerly Amaya Inc., has reported today that its second-quarter net earnings surged to $70.48 million from last year’s $22.50 million. Earnings per share grew to $0.35 from $0.12 last year.

Adjusted net earnings per share were $0.56, compared to $0.46 a year ago.

Total Revenue increased 6.8 percent to $305.31 million from last year’s $285.76 million.

The company’s revenues are still expected to be $1.20 billion to $1.26 billion, with revenues currently expected to fall at the upper end of the range. Adjusted EBITDA view of $560 to $580 million remains unchanged.

Our evolution and transformation into The Stars Group continued as we completed our name change and head office move, while our second quarter saw the strengthening of our core senior management team and continued solid revenue growth led by our real money online casino offering,” said Rafi Ashkenazi, Chief Executive Officer. “We plan to use this momentum to continue improving and strengthening our business and pursuing our strategic objectives.”