STS Group reaffirmed its market leadership position in Poland with the publication of its H1 trading results as the company narrowed its focus to its home market. The betting and gaming group, trading on the Warsaw Stock Exchange, reported an increase in net gaming revenue of 17% from PLN 296m (€64.5m) to PLN 346m (€75) driving subsequent growth in terms …
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Entain Plc will proceed to finalise its acquisition of STS Holdings, having secured unanimous shareholder approval to acquire the Warsaw-listed online betting group. This afternoon, the board of Entain declared that its £750m acquisition offer had been accepted by “STS shareholders holding a total of 155,591,656 shares, corresponding to approximately 99.3% of the total issued share capital.” As it stands, …
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Entain Plc investor Eminence Capital has questioned the M&A strategy of the FTSE100 gambling group, citing that it has impacted the firm’s value and future prospects. An open letter published by Eminence CEO Ricky Sandler criticised the board of Entain for allowing a £600m bookbuild to fund the acquisition of STS Group, through the issuance of new shares, which represents …
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STS Group has reported a strong start to year trading, completing its first business quarter as a Warsaw Stock Exchange (WSE) enterprise. Filing its Q1 2022 financial results, STS achieved group revenues of PLN 282 million (€61m), up 6% on pre-WSE results of PLN 265 million. Period trading saw STS pay combined Polish lottery and sports betting taxes of PLN …
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STS Group has retained its status as the biggest and sole publicly-listed bookmaker operating in Poland, having confirmed an extension to its agreement with TV Zaidimai Ltd this week. One of the largest bookmakers in Central Europe, the group offers wagers for BetGames’ simulated card games across its sales channels. Under the terms of the extended collaboration, the parties will …
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STS Holdings has reported a strong trading year for 2021, as it made its debut on the Warsaw Stock Exchange (WSE), in particular experiencing increases in player number and bet volume. Issuing an update this morning, the company – the largest betting operator in Poland – reported that the total value of bets placed by its customers stood at nearly …
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STS Holding SA‘s owners, the Juroszek family, are reportedly planning on making stock purchases and launching an investment arm, according to Bloomberg. By selling 30% of shares in STS, Poland’s largest sports betting operator, ownership were able to raise 1.08 billion zloty (€235.5m). STS is currently on track to begin trading on the Warsaw Stock Exchange later this week, with …
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