The Stars Group Announces Pricing of Public Offering of Common Shares

TORONTO, June 22, 2018 /PRNewswire/ --

The Stars Group Inc. (Nasdaq: TSG) (TSX: TSGI) ("The Stars Group" or the "Company") announced today the upsizing and pricing of its underwritten public offering of common shares (the "Offering") at a price of US$38.00 per common share. The underwriters have agreed to purchase 17,000,000 common shares from the Company and 8,000,000 common shares from certain shareholders of the Company (the "Selling Shareholders"). The net proceeds to the Company, after underwriting discounts and commissions, but before estimated expenses of the Offering payable by the Company, are expected to be approximately US$622 million.

The Company and the Selling Shareholders have granted the underwriters for the Offering an over-allotment option to purchase up to 1,875,000 and 1,875,000 additional common shares, respectively. The over-allotment option will be exercisable for a period of 30 days from the date hereof.

The Offering is expected to close on June 26, 2018, subject to the satisfaction of customary closing conditions, including, but not limited to, the listing of the treasury common shares on the Toronto Stock Exchange and the Nasdaq and the approval of the Toronto Stock Exchange.

The Stars Group intends to use the net proceeds from the treasury offering, together with debt financing and cash on hand to fund the previously announced acquisition of Sky Betting & Gaming, a leading mobile-led betting and gaming operator (the "Acquisition"). The Offering is not contingent on the closing of the Acquisition or any debt financing. If for any reason the Acquisition does not close, the Company intends to use the net proceeds from the Offering for general corporate purposes.

Morgan Stanley, J.P. Morgan and Deutsche Bank Securities are acting as the joint book-running managers and representatives of the underwriters for the Offering. The additional joint book-running managers for the Offering are Goldman Sachs & Co. LLC, Barclays, BMO Capital Markets and Macquarie Capital (USA) Inc. The co-managers for the Offering are Blackstone Capital Markets, Cormark Securities (USA) Limited, Canaccord Genuity Corp., Union Gaming Securities, LLC and Investec Bank plc.