The Stars Group has announced that it has successfully completed the previously announced acquisition of an additional 18% equity interest in CrownBet Holdings Pty Limited and CrownBet has successfully completed its acquisition of William Hill Australia Holdings Pty Ltd.

The acquisitions result in The Stars Group owning 80% of the combined businesses and create an operator of scale and clear rival to the top two sportsbook operators in Australia, the world’s second largest regulated sports betting market.