Surge at the Stars Group

Stars Group (formally Amaya Inc.) investors experienced a surge of 8.75 percent in the share price Friday after the company presented revised financial figures for Q2-2017 which included:

* Revenues up 6.8 percent (excluding foreign exchange rates 7.9 percent);

* Online poker revenues down 5.9 percent;

* Online casino and sportsbook revenues up 50.2 percent to $89.2 million.

The Canadian business publication Baystreet noted that Stars Group stock has now increased 21.8 percent in 2017 and 12.5 percent year over year.

Baystreet claims that bigger things could be in store for Stars Group if the New Jersey challenge to PASPA due to be heard this year in the US Supreme Court is successful.

The group could benefit significantly if sports betting is permitted across the United States, the publication opines, observing that offshore sports betting gross gaming revenue could reach $2 billion in the U.S. within 5 years of sports gambling legalisation.

Stars Group has seen over 200 percent growth in a 5 year period.

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