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Sky Betting and Gaming, known as Sky Bet, is being sold in a deal worth up to £3.4bn.
Sky News reported at the weekend how The Stars Group - the owner of PokerStars - was closing in on securing the company following weeks of talks.
Sky Bet is majority-owned by CVC Capital Partners, the private equity firm which used to control Formula One motor racing, and had been planning a £3bn flotation of the gaming company.
CVC holds 71% of Sky Bet's shares, while Sky plc, the owner of Sky News, has a 20% stake.
The remaining shares are held by Sky Bet's management, including Richard Flint, its chief executive.
Rafi Ashkenazi, chief executive of Toronto-based The Stars Group, said: 'The acquisition of Sky Betting and Gaming is a landmark moment in The Stars Group's history.
'SBG operates one of the world's fastest growing sportsbooks and is one of the United Kingdom's leading gaming providers.
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'SBG's premier sports betting product is the ideal complement to our industry-leading poker platform.
'The ability to offer two low-cost acquisition channels of this magnitude provides The Stars Group with great growth potential and will significantly increase our ability to create winning moments for our customers.'
Stars said the deal would make it the biggest listed online gaming firm in the world amid a period of consolidation across the wider sector.
Sky said it would receive about £425m in cash and 7.6 million newly issued shares, or approximately 3% of The Stars Group, on completion of the deal, worth approximately £145m.
It added that it would use the proceeds to reduce debt and 'reinvest in further growth opportunities'.
The company's chief executive, Jeremy Darroch, said: 'We are proud of what we have achieved from a standing start with Sky Betting & Gaming, crystallising over £1bn in value for shareholders.
'The ability to create innovative products and successfully challenge for share in completely new markets has become a pattern at Sky and gives us the continued confidence to open up new opportunities and invest for future growth.'
Kempton Park
- Going: Standard / Slow
- Surface: Polytrack
| Time | Race | Related |
|---|---|---|
| 12:45 | vbet.co.uk Standard Open NH Flat Race (GBB Race) (Div 1) ( 4-6yo, Class 5, 2m, 13 runners) | result |
| 13:15 | vbet.co.uk Standard Open NH Flat Race (GBB Race) (Div 2) ( 4-6yo, Class 5, 2m, 13 runners) | result |
| 13:45 | Gamble Responsibly With VBet 'Jumpers' Bumper' NH Flat Race ( 4yo+, Class 5, 2m, 10 runners) | result |
| 14:15 | Bet Better With VBet 'Jumpers' Bumper' NH Flat Race ( 4yo+, Class 5, 2m 2f, 13 runners) | result |
| 14:50 | Best Odds Guaranteed At VBet 'Jumpers' Bumper' NH Flat Race ( 4yo+, Class 5, 2m 2f, 15 runners) | result |
| 15:20 | Play 5Up For Free At VBet 'Jumpers' Bumper' NH Flat Race ( 5yo+, Class 4, 2m, 4 runners) | result |
| 15:50 | Follow vbet_uk On Twitter 'Jumpers' Bumper' NH Flat Race ( 4yo+, Class 4, 2m 2f, 10 runners) | result |
| 16:20 | Join VBet 'Jumpers' Bumper' NH Flat Race ( 4yo+, Class 4, 2m, 6 runners) | result |
Market Rasen - Abd: Snow
- Going: Heavy (precautionary inspection noon monday)
- Surface: Turf
| Time | Race | Related |
|---|---|---|
| 12:30 | MansionBet At Market Rasen Handicap Hurdle ( 4yo+, Class 5, 2m 125y, 10 runners) | |
| 13:00 | MansionBet's Proud To Support British Racing Novices' Hurdle (GBB Race) ( 4yo+, Class 4, 2m 125y, 10 runners) | |
| 13:35 | MansionBet's Bet 10 Get 20 EBF 'National Hunt' Novices' Hurdle (GBB Race) ( 4-7yo, Class 3, 2m 4f 139y, 12 runners) | |
| 14:05 | MansionBet's Best Odds Guaranteed Novices' Handicap Hurdle (GBB Race) ( 4yo+, Class 4, 2m 2f 140y, 11 runners) | |
| 14:40 | MansionBet's Faller Insurance Handicap Hurdle ( 4yo+, Class 4, 2m 7f 16y, 13 runners) | |
| 15:10 | MansionBet's Watch And Bet Novices' Handicap Hurdle ( 4yo+, Class 5, 2m 7f 16y, 16 runners) | |
| 15:40 | MansionBet Conditional Jockeys' Handicap Hurdle ( 4yo+, Class 4, 2m 4f 139y, 11 runners) |
Southwell
- Going: Standard / Slow
- Surface: Fibresand
Sky Super 6 Predictions Page
| Time | Race | Related |
|---|---|---|
| 16:45 | Heed Your Hunch At Betway Handicap ( 4yo+, Class 5, 1m 4f 14y, 6 runners) | result |
| 17:15 | Bombardier Handicap ( 4yo+, Class 5, 7f 14y, 7 runners) | result |
| 17:45 | Betway Novice Stakes ( 4yo+, Class 5, 6f 16y, 3 runners) | result |
| 18:15 | Betway Casino Handicap ( 4yo+, Class 3, 2m 102y, 7 runners) | result |
| 18:45 | Betway Handicap ( 4yo+, Class 5, 4f 214y, 7 runners) | result |
| 19:15 | Play Ladbrokes 5-A-Side On Football Handicap ( 3yo, Class 5, 7f 14y, 5 runners) | result |
| 19:45 | Bombardier 'March To Your Own Drum' Apprentice Handicap ( 4yo+, Class 6, 7f 14y, 6 runners) | result |
Free Bets Sky Bet
Taunton - Abd: Frozen Track
- Going: Soft, heavy in places (precautionary inspection 8am)
- Surface: Turf
Sky Sports Betting Odds
| Time | Race | Related |
|---|---|---|
| 13:55 | Newton King Estate Agents Novices' Hurdle (GBB Race) ( 4yo+, Class 4, 2m 3f 1y, 14 runners) | |
| 14:30 | Invest Southwest Handicap Hurdle ( 4yo+, Class 5, 2m 3f 1y, 12 runners) | |
| 15:00 | Stables Business Park Mares' Novices' Hurdle (GBB Race) ( 4yo+, Class 3, 2m 104y, 11 runners) | |
| 15:30 | Southwest Racing Club Handicap Chase ( 5yo+, Class 3, 2m 7f 3y, 10 runners) | |
| 16:00 | Elise Jones Virtual 18th Birthday Celebration Handicap Hurdle ( 4yo+, Class 4, 2m 104y, 15 runners) | |
| 16:30 | Richard Williams Memorial Novices' Handicap Chase ( 5yo+, Class 5, 2m 2f 40y, 13 runners) | |
| 17:00 | Thatchers Cider Standard Open NH Flat Race (GBB Race) ( 4-6yo, Class 5, 2m 104y, 14 runners) |