U.S. Sports Betting 'Biggest Opportunity In A Generation,' The Stars Group Says

The Stars Group (TSG) posted second-quarter earnings on Monday that beat earnings per share estimates by a penny, but fell short of analyst expectations on revenue as the online gaming giant said it expects to invest $40m into its Fox Bet launch this year.

TSG said the investment will go towards the product’s launch in Pennsylvania, and in customer acquisition, product development and a relaunch of its online betting operations in New Jersey.

Fox Bet is expected to go live in both states ahead of the upcoming National Football League (NFL) season, which kicks off on September 5, under TSG’s licensing deals with Resorts in Atlantic City and Mount Airy casino in Pennsylvania.

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