Key Takeaways
- At $245.9 million, the company can boast of 12.4% year-over-year growth in online poker.
- A significant portion of the growth came via favorable currency fluctuations.
- While the company’s Stars Rewards program was also highlighted, the company attributed online poker growth in large part to the advent of European shared liquidity.
Online gaming giant The Stars Group has reported record revenue growth across the board for the first quarter of 2018 thanks to the high-performance online casino and sports verticals and impressive stability in its online poker vertical.
A significant portion of the growth came via favorable currency fluctuations. However, even accounting for these changes, all gaming verticals reported increased revenue year-over-year.
“We are pleased with the performance of each of our verticals, poker casino and sportsbook,” stated TSG CEO Rafi Ashkenazi. They are benefiting “not only from the continued success of Stars Rewards, but also from our strategy of focusing on the consumer and continued improvements to our product offerings,” he added.
