CMA Inspecting Takeover Of SkyBet

July 18, 2018 by

The CMA, also known as the Competition and Markets Authority, which is based in the United Kingdom, recently revealed that it had issued an enforcement order to be launched with the intention of investigating the recent acquisition of SkyBet. SkyBet was bought out by Stars Group for approximately 3.4 billion British Pounds.

The deal was finalised by Stars Group, which owns PokerStars, on the 10th of July, buying the SkyBet brand from previous owners CVC Capital Partners.

The CMA has since stated that they believe they have reasonable grounds for the investigation, citing that they suspect the acquisition may lead Stars Groups to cease to be distinct from Cyan Blue Topco, who ultimately own Sky Betting and Gaming Group.

Stars, Stars UK, as well as Cyan had also been made distinct following instructions set before the 10th of July.

The CMA has added that their latest order prevents both of the parties in question from taking any more actions that may affect the way the companies are able to compete in the market. Part of the order also necessitates that the companies keep their customer and supplies lists separate, and that both groups are required to avoid sharing any business secrets, intellectual property, or any commercially-sensitive information.

Going forward, Cyan, Stars, and Stars UK will need to provide the CMA with statements of compliance and information, allowing the CMA to investigate further into the matter, as well as details about any key staff that leave or join the groups.

TOP pokies casinosJune 2024
1 IE allowed5/5$1600 NZD Play now
2 IE allowed4.9/5$1000 NZD Play now
3 IE allowed4.8/5$350 NZD Play now
4 IE allowed4.7/5$750 NZD Play now

William Bettany

More About

William Bettany has spent a lot of time in New Zealand’s casinos, indulging in his passion for pokies both online and off. With an incredible array of experience and insight at his disposal, William is sharing all the hottest casino news with, and paving the way to players putting more money away at the end of the day.
William’s on-target advice, superior playing experience, and no-nonsense reporting have made sure his opinions are listened to, and he values sharing the news and his views, reviews and industry insights with others.

View Posts - Visit Website