Skip to main content

PokerStars SkyBet Merger Derailed by Regulators

Recently updated on July 24th, 2018

It seems like 2018 is the year for big mergers in the gambling industry. At the front of this wave is the Stars Group, a Canadian gambling firm. With a hefty amount of deals under their belt, the company is now looking forward to a PokerStars SkyBet combo. That is, until the UK Competition and Markets Authority (CMA) launched an investigation.

Gambling companies looking to combine their assets will inevitably come up against the regulatory body. This is because of a 2002 Enterprise Act, which states that the CMA must investigate if acquisitions lead to ‘the substantial lessening of competition’ in the UK gambling industry. Despite this, both affected companies are remaining positive.

If the deal goes through, the PokerStars SkyBet merger will create ‘the world’s largest publicly listed’ gambling firm’. Currently, PokerStars alone receives 63% of global poker traffic, and with the addition of sports betting, they could become a leading operator. That is to say, if the CMA doesn’t stop the deal altogether.

PokerStars SkyBet Merger under CMA UK Review – NZ Betting News

Odds on PokerStars SkyBet Merger

This will not be the first time the CMA has launched an investigation shortly after a deal has been signed. In 2016, Ladbrokes and Gala Coral also came up against the CMA over their merger. The investigation eventually allowed the deal to go through, but there is no guarantee that the PokerStars SkyBet deal will. After all, the gambling market in the UK is quickly consolidating.

To up the ante, there’s no way to predict how long the investigation will take. The Stars Group indicated in a statement that they believe the deal will go through in a statement. It read that the’ UK CMA review is common in such acquisitions’. Of course, the possibility that the CMA will throw out the PokerStars SkyBet merger is high. On the other hand, the regulator could also force the two parties to sell certain assets before approving it. We’ll be keeping an eye on this one.



Related Posts

Crown Casino to be investigated for Corruption Allegations

Crown Casino

Recently updated on July 31st, 2019Allegations of corruption at Crown Casino will be investigated by Australia’s anti-corruption organization. This follows an instruction to do so by the Australian government. The investigation is in response to allegations that some of the country’s officials fast-tracked visa applications for Chinese high-rollers. Allegedly so they could enjoy Crown Casino […]

SkyCity Player Wins NZ$1.1 million at Poker Table

SkyCity Player Wins NZ$1.1 million on Poker – NZ Casino News

Recently updated on August 7th, 2018Most Kiwi players would expect to at least double their money with a Royal Flush side bet at a poker table. One lucky SkyCity player, however, turned NZ$35 into NZ$1.1 million with a progressive jackpot hand. The woman, who has chosen to remain anonymous, won on a single hand of […]

PIF Study Reveals Youth Gambling Problem in New Zealand

pif-study

Recently updated on July 1st, 2019Pacific Islands Families (PIF) Study has revealed a deep-rooted youth gambling problem amongst NZ teens. Research shows A large subsection of teens in New Zealand start gambling at a young age. Many become compulsive gamblers by the age of 17, below the legal gambling age. This study conducted on over […]

Pause the Pokies Reveals Waiuku Problem Gambling

Waiuku Pokies Gambling-Related Harm Rising – NZ Gambling News

Recently updated on September 25th, 2018Gambling Harm Awareness week, also called ‘Pause the Pokies’, was held in early September. The initiative, headed by the Problem Gambling Foundation (PGF), was meant to raise awareness in New Zealand. However, statistics from Pause the Pokies have revealed a larger problem. In Waiuku specifically, PGF experts have shared shocking […]

Live Texas Hold’em Released by Evolution Gaming

Live Texas Hold’em New Zealand

Recently updated on January 24th, 2018Evolution Gaming has released an all-new title for their selection of Live Dealer casino games. This week, Kiwi players can enjoy Live Texas Hold’em Bonus Poker at participating casinos online. The game features a progressive jackpot and mobile optimisation. As one of the largest live casino game developers in the […]