The UK’s competition watchdog is probing The Stars Group’s US$4.7b acquisition of Sky Betting & Gaming (SBG).
On Tuesday, Canada’s The Stars Group (TSG) announced that it had completed its acquisition of SBG, which the company originally announced in April. The Competition and Markets Authority (CMA) announced that it was “investigating the completed acquisition” and had served an initial enforcement order under section 72(2) of the Enterprise Act 2002.
An Initial Enforcement Order is the most preliminary step that the CMA could take, coming ahead of a more formal Phase One investigation, which, for example, was announced when Ladbrokes and Coral signalled their intention to merge in 2016. While the CMA became involved in the Ladbrokes Coral merger at an early stage, its involvement in Stars’ acquisition of SBG following the financial completion of the deal is not considered unusual.
Full Content: iGaming Business
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Public Interest Groups Push for Rehearing on FCC Net Neutrality Case
Feb 18, 2025 by
CPI
Australian Regulator Backs Virgin Australia-Qatar Airways Alliance
Feb 18, 2025 by
CPI
EU Scales Back AI Regulations to Compete with US in Global Tech Race
Feb 18, 2025 by
CPI
Democratic Lawmakers Raise Concerns Over Musk’s Task Force and Taxpayer Data Security
Feb 18, 2025 by
CPI
UK’s CMA Provisionally Approves Poultry Feed Merger
Feb 18, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon