The Stars Group has hit an all-time high revenue for Q1 2020. It is despite the coronavirus pandemic havoc on the sporting calendar.
The revenues for the three months to March 31 increases by 27% to $735 million in comparison with the same period last year. According to sources of the best casinos Korea, the sports betting market affects more on The Stars Group competitors. TSG has a lesser exposure in this particular field.
How Does The Stars Group Reach Its All-Time High Revenue for Q1?
The Stars Group’s majority of its all-time high revenue comes from its flagship PokerStars brand and online casino operations. Despite its acquisition of UK online betting giant SkyBet in the summer of 2018.
Also, TSG confirms that there is an increase in its activity across online poker and online casino vertical from the beginning of March. Besides, it is when the community spread of the coronavirus in Europe. It is also at the same time during the implementation of measures on social distancing.
However, it is a “perfect storm” in creating an increase in problem gambling. It is due to the housebound, and sports-starved gamblers turn to risk products such as online casino games. They are particularly spending more time playing online slots.
About The Stars Group
The Stars Group is a global leader in the online and mobile gaming as well as interactive entertainment industries. It is entertaining millions of customers across its online real-and-play money poker, gaming, and betting product offerings.
It offers products directly or indirectly under several ultimately owned or licensed gaming and related customer businesses and brands. Its brands, including among others, are PokerStars, PokerStars Casino, BetStars, and BetEasy, to name a few. Besides, they offer live poker tours and events brands, including the PokerStars Players No-Limit, Hold’em Championship.
Moreover, it provides gaming experiences designed to make its platform the favorite iGaming destinations for customers everywhere. It is all by giving technology-based products and services in the global gaming and interactive entertainment industries.
The Stars Group is one of the most regulated online gaming in the world. People make use of available resources such as casino tutorials to get the best out of what it can offer.
