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Stars Group Slips To Loss In Q3

Stars Group Inc. (TSG, TSGI.TO) reported that its third-quarter net loss attributable to Shareholders was $51.30 million or $0.18 per share, compared to net income of $15.13 million or $0.06 per share in the prior year.

Revenue for the quarter rose to $622.48 million from $571.98 million in the prior year. Revenue for the quarter increased primarily as a result of revenue growth within the United Kingdom and Australia segments, which were largely driven by strong underlying trends in customer activity and revenues across the segments, as well as a year-over-year increase in Betting Net Win Margin.

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