Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, July 10 2019 - 00:41
AsiaNet
The Stars Group and Akwesasne Mohawk Casino Resort Enter Agreement for Online Betting and Gaming Market Access and Retail Sportsbook in New York
TORONTO, July 10, 2019/PRNewswire-AsiaNet / --

The Stars Group Inc. (Nasdaq: TSG) (TSX: TSGI) today announced that it entered 
into an agreement with the Akwesasne Mohawk Casino Resort for betting and 
gaming market access and certain retail sports betting operations in the State 
of New York.   

The agreement grants The Stars Group an option to operate and brand real-money 
online sports betting, poker and casino in New York on a first skin basis, 
subject to license availability, state law and regulatory approvals. The 
agreement also provides that The Stars Group will provide support services for 
the launch and operation of a retail sportsbook at the Akwesasne Mohawk Casino 
Resort in Northern New York.   

"We are excited to announce this agreement with Mohawk, which further 
strengthens our market access as we work to build our FOX Bet business into one 
of the leaders in the emerging U.S. online betting and gaming market," said 
Robin Chhabra, CEO of FOX Bet, the new U.S. sports betting brand of The Stars 
Group. 

Todd Papineau, General Manager of the Akwesasne Mohawk Casino Resort commented, 
"We are thrilled to elevate the sports betting experience for our guests in our 
new sports lounge, a 5,200 square foot sports betting hub that will be ready 
during the NFL season.  Once permissible in the state, we will be prepared to 
accept sports wagers through our new kiosks. With its online betting and gaming 
solutions and FOX Bet and PokerStars brands, we believe The Stars Group is the 
ideal partner for us and it is positioned to become a leader in the U.S. online 
betting and gaming industry. We are delighted to work with The Stars Group, one 
of the world's largest, most licensed online gaming companies, to leverage the 
opportunity presented by online betting and gaming in the State of New York."

Under the terms of the agreement, Mohawk will receive a revenue share from the 
operation of the applicable online offerings by The Stars Group and The Stars 
Group will receive a revenue share from the operation of the retail sportsbook 
from Mohawk. 

About The Stars Group

The Stars Group is a provider of technology-based product offerings in the 
global gaming and interactive entertainment industries. Its brands have 
millions of registered customers globally and collectively are leaders in 
online and mobile betting, poker, casino and other gaming-related offerings. 
The Stars Group owns or licenses gaming and related consumer businesses and 
brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, FOX Bet, 
BetEasy, Sky Bet, Sky Vegas, Sky Casino, Sky Bingo, Sky Poker, and Oddschecker, 
as well as live poker tour and events brands, including the PokerStars Players 
No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean 
Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars 
Festival and PokerStars MEGASTACK. The Stars Group is one of the world's most 
licensed online gaming operators with its subsidiaries collectively holding 
licenses or approvals in 21 jurisdictions throughout the world, including in 
Europe, Australia, and the Americas. The Stars Group's vision is to become the 
world's favorite iGaming destination and its mission is to provide its 
customers with winning moments.

About The Akwesasne Mohawk Casino Resort

Akwesasne Mohawk Casino Resort is owned by the Saint Regis Mohawk Tribe of 
Akwesasne, New York. The property includes 130,000 square feet of gaming with 
more than 1,500 of the newest slot and video poker titles, a large selection of 
table games, a poker room and the 650 seat Mohawk Bingo Palace. AMCR offers a 
variety of entertainment with shows and concerts, as well as Live DJ's and 
bands in Cascades Bar & Lounge. There are five food venues which include the 
Native Harvest Buffet, Maple Room Steakhouse, Sticks Sports Bar & Grill, Rapids 
Food Court, and Cedars Coffee featuring StarbucksTM beverages. In addition, 
AMCR offers a 150-room hotel which features banquet rooms or meeting space, the 
relaxing Sweetgrass Spa, and an indoor pool. AMCR is the premier resort 
destination in New York's North Country.  

All revenue generated by AMCR supports the general health, education and 
welfare of the Akwesasne Community of over 16,000 Tribal members.

Cautionary Note Regarding Forward Looking Statements and Other Information

This news release may contain forward-looking statements and information within 
the meaning of applicable securities laws. Forward-looking statements can, but 
may not always, be identified by the use of words such as "anticipate", "plan", 
"continue", "estimate", "expect", "may", "will", "intend", "could", "might", 
"would", "should", "believe", and similar references to future periods or the 
negatives of these words and expressions. These statements are based on 
management's current expectations and are subject to a number of risks, 
uncertainties, and assumptions. Examples of these statements include, but are 
not limited to, statements regarding the expected benefits to be achieved as a 
result of the agreement referenced in this news release, the passage of 
applicable legislation related to retail and online betting and gaming, the 
inclusion of applicable market access or skins in any such legislation and The 
Stars Group's ability to support, operate or offer retail and online betting or 
gaming, as applicable, profitably in these states, or otherwise. There can be 
no assurance that actual results will not differ materially from those 
expressed or implied in forward-looking statements. Undue reliance should not 
be placed on forward-looking statements. Please refer to The Stars Group's most 
recent annual information form and annual and interim financial statements and 
management's discussion and analysis for more information about the factors, 
assumptions and risks that may apply to The Star's Group's forward-looking 
statements. Each forward-looking statement speaks only as of the date hereof, 
and The Stars Group undertakes no obligation to correct or update any 
forward-looking statement, whether as a result of new information, future 
events or otherwise, except as required by applicable law.

For investor relations and media inquiries, please contact: 
Vaughan Lewis   
Senior Vice President, Communications     
ir@starsgroup.com   
press@starsgroup.com   

SOURCE: The Stars Group