The Stars Group is a leading gaming force on a global scale that is on a constant pursuit of excellence and improved performance. August 12 is about to witness the official financial report reviewing the second quarter of fiscal 2019. This period came to an end on June 30 and now it is time for the gaming giant to showcase its performance over the quarter. The announcement comes amid rapid expansion of operation across the US.
The Toronto-based gaming company with influence around the globe made it clear that next Monday is about to witness the official issuing of essential financial information. On a quarterly basis, the company issues mandatory reports showcasing details around its operation. June 30 saw the end of the second quarter of this fiscal year and now it is time for the overview that would be useful for shareholders and people immersed in the industry.
Teleconference on August 12
Next Monday is projected to bring the special teleconference announcing everything ranging from revenue, profit, and net income, to earnings before interest, tax, depreciation, and amortization. An analysis of this snapshot would be offered, highlighting every step that led to the eventual performance improvement or profit surge.
The conference call is scheduled to commence at 8:30 a.m. ET and along with it, people interested in the information would also have the webcast option. In order to participate in it, they have to call 1-877-451-6152 or 1-201-389-0879 some tine minutes ahead of the official start. This would guarantee them a spot. For those who are unable to make it to the live report, the entire information is going to be available as playback at 1-844-512-2921 or 1-412-317-6671.
The call is also going to devote time for the future plans of the company and its expansion plans that are already in progress. It could be recalled that the last day of July brought the news that The Stars Group would now collaborate with Penn National Gaming which essentially means operation in as many as nine states.
The Stars Group Team Up with Penn National
The partnership between the two leading entities gives the Toronto-based company permission to expand its online betting and gaming operation in the states influenced by Penn National Gaming. This includes both the ownership and operation of brick-and-mortar casino locations. When all is said and done, the Canadian company would now have a presence in as many as 20 states.
With the help of this agreement, The Stars Group is about to have the chance to offer online sports wagering across the states allowing such. Every state allowing online wagering on sports events will allow such operation powered by The Stars Group. States to the likes of Illinois, Indiana, Ohio, and Texas currently have first skin access, whereas Kansas, New Mexico, Maine, Massachusetts, and Michigan offer second skin access.
In addition to the sports betting offerings, The Stars Group would also have the opportunity to offer online poker and gaming within the nine states. According to the arrangement between the two parties, Penn National Gaming is going to bag a revenue slice, as well as an up-front payment amounting to US$12.5 million.
(No Ratings Yet)
Loading...
Author: Yolina
Yolina has followed closely the latest development on the Canadian gaming scene over the past years, monitoring the land-based, lottery, and online offerings up for grabs. The dynamic nature of the local lottery and casino fields, as well as the opportunities lying ahead of Canada fire her enthusiasm for what is to come. A sports betting enthusiast, in her spare time Yolina could be found in her natural habitat – turning the pages of biographies and catching up on the latest stand-up comedy podcasts.