Online gambling operator The Stars Group (TSG) got a revenue boost from its recent acquisition spree although its core poker product failed to match those gains.

On Wednesday, the Toronto-listed TSG, the parent company of PokerStars, reported revenue of US$572m in the three months ending September 30, a 73.6% rise over the same period last year. Adjusted earnings were up 27.3% to $198.2m but operating income fell 40.3% to $70.9m and net earnings tumbled 87.2% to $9.7m.

The revenue surge reflects new contributions from the company’s acquisitions of a number of Australian online betting brands and the more recent addition of UK online betting giant Sky Betting & Gaming (SBG). TSG derived $220m from its new bolt-ons, meaning organic revenue was up 7% to $351m while adjusted earnings improved 12% to $175m.

GLOBAL A-GO-GO