UK competition authority clears The Stars Group’s SkyBet deal

UK competition authority clears The Stars Group’s SkyBet deal

Friday, October 12, 2018 Posted by News Team
The Stars Group
Management changes afoot as integration of SkyBet business into The Stars Group begins

The Stars Group’s acquisition of Sky Betting & Gaming (SBG) has been given the green light by the UK Competition and Markets Authority (CMA), with a number of management changes made as the focus shifts to integrating the two businesses. 

With the CMA approving the acquisition following its phase one review, the newly-enlarged betting and gaming giant has made a number of personnel changes within SBG to execute on its integration strategy, including the delivery of cost synergies. 

The most eye-catching change is SBG’s Richard Flint moving up to an executive chairman role after a decade as the company’s chief executive. He will be replaced as CEO by Ian Proctor, who has served as SBG chief financial officer since 2008. Both Flint and Proctor will report directly to The Stars Group chief executive Rafi Ashkenazi. 

Conor Grant, who has served as director of SBG’s gaming brands, Sky Vegas, Sky Casino, Sky Bingo, and Sky Poker, since 2014, becomes chief operating officer, reporting to Proctor. Grant joined SBG in 2010 as head of sportsbook products, and has previously worked for Paddy Power, Blue Square and BoyleSports. 

"I am delighted to announce SBG's new senior management structure," The Stars Group chief executive Rafi Ashkenazi said. "We believe these appointments position us well to deliver our strategy to become the world's favourite iGaming destination.”

Flint said he was looking forward to helping shape SBG’s future as part of The Stars Group.

"I am confident that the new management structure, which includes an operational board for SBG, will allow us to maintain our unique culture that has delivered success over the years and continue delivering market share gains in the UK online betting and gaming market, building on our position as the UK's most popular online betting brand,” he explained. 

The executive appointments have been complemented by two senior appointments. SBG chief technology officer Andy Burton has been named senior vice president of The Stars Group’s global sports platform, while Vaughan Lewis, SkyBet’s corporate development director, has been named group director of investor relations and corporate communications.

Latest
Finance

JPJ Group sees Jackpotjoy decline offset by Vera&John growth in Q3

Money

Stride Gaming subsidiary hit with £7.1m UKGC penalty

France

Stellar showing from sports betting drives French market growth

Casino

Swiss Casinos selects Playtech for online launch

Gaming Products & Services Directory

The essential directory for the gaming industry