Revenue has soared in the first quarter financial results for The Stars Group, boosted by its acquisition of Sky Betting & Gaming.

The Canadian group completed the acquisition of SBG from CVC Capital Partners and Sky in July 2018.

The Stars Group has now reported revenue $580.4m (£451.5m) for the three months to 31 March 2019, up 47.7 per cent from $392.9m (£297.8m) in the same period of 2018.

Adjusted EBITDA also increased by 11.6per cent to £195.4m (£151.9m) from $175m (£136.1m).

Rafi Ashkenazi, chief executive at The Stars Group, said: “We continued to see growth in most markets in our International segment on a constant currency basis during the quarter, despite challenging operational conditions, the cessation of operations in certain markets and foreign exchange headwinds having a significant impact on our reported results as compared to the first quarter in 2018.

“Our United Kingdom segment continues to exceed our expectations operationally with record levels of new depositing customers.”