Intrinsic value of Stars Group - TSG

Previous Close

$16.76

  Intrinsic Value

$48.46

stock screener

  Rating & Target

str. buy

+189%

Previous close

$16.76

 
Intrinsic value

$48.46

 
Up/down potential

+189%

 
Rating

str. buy

We calculate the intrinsic value of TSG stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  13.60
  12.74
  11.97
  11.27
  10.64
  10.08
  9.57
  9.11
  8.70
  8.33
  8.00
  7.70
  7.43
  7.19
  6.97
  6.77
  6.59
  6.43
  6.29
  6.16
  6.05
  5.94
  5.85
  5.76
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
Revenue, $m
  1,491
  1,681
  1,882
  2,094
  2,317
  2,550
  2,794
  3,049
  3,314
  3,590
  3,878
  4,176
  4,486
  4,809
  5,144
  5,492
  5,854
  6,231
  6,623
  7,031
  7,456
  7,899
  8,361
  8,843
  9,345
  9,870
  10,419
  10,992
  11,591
  12,217
Variable operating expenses, $m
  258
  234
  208
  181
  153
  123
  92
  60
  26
  -9
  -493
  -531
  -571
  -612
  -654
  -698
  -745
  -792
  -842
  -894
  -948
  -1,005
  -1,063
  -1,125
  -1,189
  -1,255
  -1,325
  -1,398
  -1,474
  -1,554
Fixed operating expenses, $m
  642
  656
  670
  685
  700
  716
  731
  747
  764
  781
  798
  815
  833
  852
  870
  890
  909
  929
  950
  970
  992
  1,014
  1,036
  1,059
  1,082
  1,106
  1,130
  1,155
  1,180
  1,206
Total operating expenses, $m
  900
  890
  878
  866
  853
  839
  823
  807
  790
  772
  305
  284
  262
  240
  216
  192
  164
  137
  108
  76
  44
  9
  -27
  -66
  -107
  -149
  -195
  -243
  -294
  -348
Operating income, $m
  591
  791
  1,003
  1,227
  1,463
  1,711
  1,971
  2,242
  2,524
  2,819
  3,573
  3,892
  4,224
  4,569
  4,928
  5,301
  5,690
  6,094
  6,516
  6,955
  7,412
  7,890
  8,388
  8,908
  9,452
  10,020
  10,614
  11,235
  11,884
  12,565
EBITDA, $m
  1,126
  1,337
  1,561
  1,798
  2,047
  2,309
  2,582
  2,868
  3,166
  3,477
  3,800
  4,137
  4,487
  4,851
  5,229
  5,623
  6,033
  6,460
  6,904
  7,367
  7,850
  8,353
  8,879
  9,427
  10,000
  10,599
  11,225
  11,879
  12,564
  13,281
Interest expense (income), $m
  0
  160
  189
  220
  252
  286
  322
  360
  399
  440
  483
  527
  574
  622
  672
  724
  778
  834
  892
  953
  1,016
  1,082
  1,150
  1,222
  1,296
  1,373
  1,454
  1,539
  1,627
  1,720
  1,816
Earnings before tax, $m
  430
  602
  783
  975
  1,177
  1,389
  1,611
  1,842
  2,084
  2,336
  3,045
  3,318
  3,602
  3,897
  4,204
  4,523
  4,856
  5,202
  5,563
  5,939
  6,331
  6,740
  7,167
  7,613
  8,078
  8,565
  9,075
  9,607
  10,165
  10,748
Tax expense, $m
  116
  162
  211
  263
  318
  375
  435
  497
  563
  631
  822
  896
  972
  1,052
  1,135
  1,221
  1,311
  1,405
  1,502
  1,603
  1,709
  1,820
  1,935
  2,055
  2,181
  2,313
  2,450
  2,594
  2,744
  2,902
Net income, $m
  314
  439
  572
  712
  859
  1,014
  1,176
  1,345
  1,521
  1,705
  2,223
  2,422
  2,629
  2,845
  3,069
  3,302
  3,545
  3,797
  4,061
  4,335
  4,621
  4,920
  5,232
  5,557
  5,897
  6,253
  6,624
  7,013
  7,420
  7,846

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  6,110
  6,888
  7,712
  8,582
  9,495
  10,452
  11,452
  12,496
  13,583
  14,715
  15,892
  17,115
  18,387
  19,708
  21,081
  22,508
  23,993
  25,536
  27,143
  28,815
  30,557
  32,373
  34,265
  36,240
  38,301
  40,452
  42,699
  45,048
  47,503
  50,071
Adjusted assets (=assets-cash), $m
  6,110
  6,888
  7,712
  8,582
  9,495
  10,452
  11,452
  12,496
  13,583
  14,715
  15,892
  17,115
  18,387
  19,708
  21,081
  22,508
  23,993
  25,536
  27,143
  28,815
  30,557
  32,373
  34,265
  36,240
  38,301
  40,452
  42,699
  45,048
  47,503
  50,071
Revenue / Adjusted assets
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
Average production assets, $m
  2,624
  2,958
  3,312
  3,685
  4,077
  4,488
  4,918
  5,366
  5,833
  6,319
  6,825
  7,350
  7,896
  8,463
  9,053
  9,666
  10,303
  10,966
  11,656
  12,374
  13,123
  13,902
  14,715
  15,563
  16,448
  17,372
  18,337
  19,345
  20,400
  21,502
Working capital, $m
  -510
  -575
  -644
  -716
  -792
  -872
  -956
  -1,043
  -1,133
  -1,228
  -1,326
  -1,428
  -1,534
  -1,645
  -1,759
  -1,878
  -2,002
  -2,131
  -2,265
  -2,405
  -2,550
  -2,701
  -2,859
  -3,024
  -3,196
  -3,376
  -3,563
  -3,759
  -3,964
  -4,178
Total debt, $m
  2,783
  3,233
  3,710
  4,212
  4,740
  5,293
  5,871
  6,474
  7,103
  7,757
  8,437
  9,144
  9,879
  10,643
  11,437
  12,262
  13,120
  14,012
  14,940
  15,907
  16,914
  17,963
  19,057
  20,199
  21,390
  22,633
  23,932
  25,290
  26,709
  28,193
Total liabilities, $m
  3,531
  3,981
  4,458
  4,960
  5,488
  6,041
  6,619
  7,223
  7,851
  8,505
  9,185
  9,893
  10,628
  11,391
  12,185
  13,010
  13,868
  14,760
  15,689
  16,655
  17,662
  18,711
  19,805
  20,947
  22,138
  23,381
  24,680
  26,038
  27,457
  28,941
Total equity, $m
  2,578
  2,907
  3,255
  3,621
  4,007
  4,411
  4,833
  5,273
  5,732
  6,210
  6,706
  7,223
  7,759
  8,317
  8,896
  9,499
  10,125
  10,776
  11,454
  12,160
  12,895
  13,661
  14,460
  15,293
  16,163
  17,071
  18,019
  19,010
  20,046
  21,130
Total liabilities and equity, $m
  6,109
  6,888
  7,713
  8,581
  9,495
  10,452
  11,452
  12,496
  13,583
  14,715
  15,891
  17,116
  18,387
  19,708
  21,081
  22,509
  23,993
  25,536
  27,143
  28,815
  30,557
  32,372
  34,265
  36,240
  38,301
  40,452
  42,699
  45,048
  47,503
  50,071
Debt-to-equity ratio
  1.080
  1.110
  1.140
  1.160
  1.180
  1.200
  1.210
  1.230
  1.240
  1.250
  1.260
  1.270
  1.270
  1.280
  1.290
  1.290
  1.300
  1.300
  1.300
  1.310
  1.310
  1.310
  1.320
  1.320
  1.320
  1.330
  1.330
  1.330
  1.330
  1.330
Adjusted equity ratio
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  314
  439
  572
  712
  859
  1,014
  1,176
  1,345
  1,521
  1,705
  2,223
  2,422
  2,629
  2,845
  3,069
  3,302
  3,545
  3,797
  4,061
  4,335
  4,621
  4,920
  5,232
  5,557
  5,897
  6,253
  6,624
  7,013
  7,420
  7,846
Depreciation, amort., depletion, $m
  535
  546
  558
  571
  584
  597
  612
  627
  642
  658
  227
  245
  263
  282
  302
  322
  343
  366
  389
  412
  437
  463
  490
  519
  548
  579
  611
  645
  680
  717
Funds from operations, $m
  849
  985
  1,130
  1,282
  1,443
  1,611
  1,787
  1,972
  2,163
  2,363
  2,451
  2,667
  2,892
  3,127
  3,371
  3,624
  3,888
  4,163
  4,449
  4,748
  5,059
  5,383
  5,722
  6,076
  6,445
  6,832
  7,236
  7,658
  8,100
  8,563
Change in working capital, $m
  -61
  -65
  -69
  -73
  -76
  -80
  -83
  -87
  -91
  -94
  -98
  -102
  -106
  -110
  -115
  -119
  -124
  -129
  -134
  -140
  -145
  -151
  -158
  -165
  -172
  -180
  -188
  -196
  -205
  -214
Cash from operations, $m
  910
  1,050
  1,199
  1,355
  1,519
  1,691
  1,871
  2,059
  2,254
  2,458
  2,549
  2,769
  2,999
  3,237
  3,485
  3,743
  4,012
  4,292
  4,583
  4,887
  5,204
  5,535
  5,880
  6,241
  6,617
  7,011
  7,423
  7,854
  8,305
  8,777
Maintenance CAPEX, $m
  -77
  -87
  -99
  -110
  -123
  -136
  -150
  -164
  -179
  -194
  -211
  -227
  -245
  -263
  -282
  -302
  -322
  -343
  -366
  -389
  -412
  -437
  -463
  -490
  -519
  -548
  -579
  -611
  -645
  -680
New CAPEX, $m
  -314
  -334
  -354
  -373
  -392
  -411
  -430
  -448
  -467
  -486
  -505
  -525
  -546
  -567
  -590
  -613
  -637
  -663
  -690
  -718
  -748
  -780
  -813
  -848
  -885
  -924
  -965
  -1,009
  -1,054
  -1,103
Cash from investing activities, $m
  -391
  -421
  -453
  -483
  -515
  -547
  -580
  -612
  -646
  -680
  -716
  -752
  -791
  -830
  -872
  -915
  -959
  -1,006
  -1,056
  -1,107
  -1,160
  -1,217
  -1,276
  -1,338
  -1,404
  -1,472
  -1,544
  -1,620
  -1,699
  -1,783
Free cash flow, $m
  519
  629
  746
  871
  1,004
  1,144
  1,292
  1,446
  1,608
  1,777
  1,833
  2,016
  2,208
  2,406
  2,613
  2,829
  3,052
  3,285
  3,528
  3,781
  4,044
  4,318
  4,604
  4,902
  5,214
  5,539
  5,879
  6,234
  6,606
  6,995
Issuance/(repayment) of debt, $m
  425
  450
  476
  502
  528
  553
  578
  603
  629
  654
  680
  707
  735
  764
  794
  825
  858
  892
  929
  967
  1,007
  1,049
  1,094
  1,141
  1,191
  1,244
  1,299
  1,357
  1,419
  1,484
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  425
  450
  476
  502
  528
  553
  578
  603
  629
  654
  680
  707
  735
  764
  794
  825
  858
  892
  929
  967
  1,007
  1,049
  1,094
  1,141
  1,191
  1,244
  1,299
  1,357
  1,419
  1,484
Total cash flow (excl. dividends), $m
  944
  1,079
  1,223
  1,374
  1,532
  1,697
  1,870
  2,050
  2,237
  2,432
  2,513
  2,724
  2,942
  3,170
  3,407
  3,654
  3,910
  4,178
  4,457
  4,747
  5,051
  5,367
  5,698
  6,043
  6,405
  6,783
  7,178
  7,592
  8,025
  8,479
Retained Cash Flow (-), $m
  -313
  -328
  -348
  -367
  -385
  -404
  -422
  -440
  -459
  -478
  -497
  -516
  -537
  -558
  -579
  -602
  -626
  -651
  -678
  -706
  -735
  -766
  -799
  -833
  -870
  -908
  -948
  -991
  -1,036
  -1,084
Prev. year cash balance distribution, $m
  38
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  669
  750
  875
  1,007
  1,147
  1,294
  1,448
  1,609
  1,778
  1,954
  2,016
  2,207
  2,406
  2,613
  2,828
  3,051
  3,284
  3,526
  3,779
  4,041
  4,315
  4,601
  4,899
  5,210
  5,535
  5,875
  6,230
  6,601
  6,989
  7,395
Discount rate, %
  6.10
  6.41
  6.73
  7.06
  7.41
  7.79
  8.17
  8.58
  9.01
  9.46
  9.94
  10.43
  10.95
  11.50
  12.08
  12.68
  13.32
  13.98
  14.68
  15.41
  16.19
  16.99
  17.84
  18.74
  19.67
  20.66
  21.69
  22.77
  23.91
  25.11
PV of cash for distribution, $m
  630
  663
  720
  766
  802
  825
  835
  833
  818
  791
  711
  671
  623
  569
  511
  452
  392
  334
  280
  230
  185
  146
  112
  85
  62
  45
  31
  21
  14
  9
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

FINANCIAL RATIOS  of  Stars Group (TSG)

Valuation Ratios
P/E Ratio 0
Price to Sales 0
Price to Book 0
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow 0
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 0%
Ret/ On Assets - 3 Yr. Avg. 0%
Return On Total Capital 0%
Ret/ On T. Cap. - 3 Yr. Avg. 0%
Return On Equity 0%
Return On Equity - 3 Yr. Avg. 0%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

TSG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TSG stock intrinsic value calculation we used $1312.315 million for the last fiscal year's total revenue generated by Stars Group. The default revenue input number comes from 0001 income statement of Stars Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TSG stock valuation model: a) initial revenue growth rate of 13.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.1%, whose default value for TSG is calculated based on our internal credit rating of Stars Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Stars Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TSG stock the variable cost ratio is equal to 21.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $628 million in the base year in the intrinsic value calculation for TSG stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6.8% for Stars Group.

Corporate tax rate of 27% is the nominal tax rate for Stars Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TSG stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TSG are equal to 176%.

Life of production assets of 33.4 years is the average useful life of capital assets used in Stars Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TSG is equal to -34.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2303.398 million for Stars Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 271.925 million for Stars Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Stars Group at the current share price and the inputted number of shares is $4.6 billion.

COMPANY NEWS

▶ The Stars Group: 3Q Earnings Snapshot   [Nov-07-18 05:02PM  Associated Press]
▶ Employees can choose salaries but only if co-workers approve   [Sep-25-18 02:02PM  Yahoo Finance Video]
▶ 7 Stocks to Buy After 20% Drops   [Sep-21-18 11:02AM  InvestorPlace]
▶ Why Stars Group Inc's Shares Dropped 16% Today   [Aug-13-18 04:15PM  Motley Fool]
▶ Stars Group Inc. to Host Earnings Call   [06:30AM  ACCESSWIRE]
▶ 3 Sports Gambling Stocks to Bet the House On   [Jul-27-18 12:54PM  InvestorPlace]
▶ 5 Stocks in Focus on New Analyst Coverage   [Jul-24-18 01:43PM  InvestorPlace]
▶ Start Betting on Gambling Stocks   [08:30AM  InvestorPlace]
▶ Why Shares of The Stars Group Inc. Popped 14% Today   [May-14-18 04:15PM  Motley Fool]
▶ The Stars Group Reports First Quarter 2018 Results   [May-10-18 07:13AM  CNW Group]
▶ Online Poker Giant Makes Sports Betting Gamble With $4.7 Billion Deal   [Apr-23-18 11:31AM  Investor's Business Daily]
▶ Why The Stars Group Inc (NASDAQ:TSG) Could Be A Buy   [Apr-21-18 05:46PM  Simply Wall St.]
▶ Who Owns Most Of The Stars Group Inc (TSE:TSGI)?   [Apr-20-18 09:38AM  Simply Wall St.]
▶ The Stars Group Acquires Majority Interest in CrownBet   [Feb-27-18 07:00AM  PR Newswire]

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