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Non-Tech : Stars Group

TSG 27.31

0.0%

May 5 5:00 PM EST

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From: JakeStraw	5/9/2019 12:05:51 PM
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Fox Sports teams with Stars Group, gets into the sports-betting business marketwatch.com Fox Sports says it is buying just under 5% of The Stars Group, the parent company of PokerStars, for about $236 million. Both companies will offer real-money sports betting this fall in states where it is legal and they are licensed. The network has the option to acquire half of the Stars Group’s U.S. business after 10 years. The companies will offer full-blown sports betting under the name Fox Bet in states that have legalized it. They also will offer a free-to-play game offering cash prizes to users who correctly predict the outcome of sporting events.

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