UK-based firm Sky Betting and Gaming (SBG) is to be sold to a Canadian company for about £2.5bn, it has been announced.

The Stars Group Inc – which owns PokerStars, an online card room – said the deal will make it the largest publicly listed online gaming company in the world.

SBG is currently in the middle of a multimillion-pound sponsorship deal with the English Football League.

Rafi Ashkenazi, Stars Group’s chief executive, said SBG would complement the PokerStars platform and give the group potential for growth. He described the acquisition as “a landmark moment” for the Stars Group.

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