Sky Bet announces new CEO after Stars Group takeover given green light

THE Stars Group continues to grow its gambling empire around the globe.

Following approval from the Competition & Markets Authority, the Canadian gaming and online giant announced the completion of its purchase of Sky Betting & Gaming in a $4.7 billion takeover.

The first order of business after the move was an immediate re-structure of Sky’s senior management, starting from the top.

While some expected new faces as a result of the takeover, SBG will see a shuffling of deck chairs.

Former SBG CEO Richard Flint is now the company’s executive chairman, while former CFO, Ian Proctor, will take on the CEO position. The duo will report directly to The Stars Group CEO Rafi Ashkenazi.

Ashkenazi was excited about the potential of his company’s newest acquisition.

“I am delighted to announce SBG’s new senior management structure. We believe these appointments position us well to deliver our strategy to become the world’s favourite online gaming destination,” he said.

The Stars Group continues to make its push into a new, lucrative US sports betting market and has also recently made significant waves in Australia, following its purchase and merger of CrownBet and WilliamHill, re-establishing the BetEasy brand in one of the most lucrative sports betting markets in the world.

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