The Stars Group has revealed that yet more funds have been raised from the divestiture of non-core gaming assets, with further expansion also being enjoyed in the process.
The sales of ordinary shares, totalling approximately 7.5%, in Jackpotjoy for $59.5, takes its total net cash profits in 2017 to over the $100m mark.
This sale follows the $26.3m sale of 13.7% of shares in NYX Gaming Group, and the $16.1 sale of 40.45% of shares in Innova Gaming Group.
Zenno Ossko, Managing Director of Betstars, has been speaking to Casino Beats about the sales, and said: “The successful sale of these legacy non-core investments is another step in our efforts to focus on our strategic business objectives.
“The proceeds from our recent divestiture efforts provide us with additional financial capacity and flexibility to continue to execute on our organic and external growth initiatives.”
The Stars Group has also announced that BetStars, its sports betting site, is to enter the Czech market, following Pokerstars into the European nation.
Becoming the first international betting operator to service the newly regulated online gambling market, Betstars follows the flagship brand, who in January of this year became the first online poker and casino operator to be granted a license in the country.
Ossko added: “This is a great opportunity for BetStars in the Czech Republic and we will be able to provide players with a Stars experience which local players can’t do.
“The Czech Republic is a sizeable market and regulated markets are at the core of our strategy.”
BetStars.cz is to be available across desktop, web and mobile devices on Android and iOS, and will give players access to over 20 sports and specialist betting options.