SBC News Voice of the Sports Betting Industry
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 PLN 4.5 billion (€991 million), a 25% year-on-year growth rate on the PLN 3.6 billion (€792 million) in 2020.
Additionally, the firm detailed that its active user base grew by 24% from 557,000 to 693,000, with registrations from January to December 2021 standing at 370,000, up 18% from the 314,000 a year prior. Lastly, the number of customers making their first deposit increased year-on-year by 21% from 205,000 in 2020 to 249,000 last year.
“According to the previous predictions, 2021 was a record year for the group,” said Mateusz Juroszek, CEO of STS Holding. “We achieved high increases in key operational data, such as the amounts staked and the number of active users.
“This shows the dynamics of the growth phase the STS Group is currently in. We expect to continue to achieve our previously established medium and long-term goals in the coming reporting periods. What’s more, as we announced during the IPO and in the dividend policy, we intend to share all generated net profit with our investors.”
Making its debut on the WSE on 10 December 2021, STS has reported a total value of PLN 1.1 billion (€2.4 million) and market capitalisation as a result of the final price for the offer shares of PLN 3.6 billion (€792 million).
So far, 46,874,998 shares have been acquired by STS’ investors, constituting 30% of its share holding, although Mateusz Juroszek and his family retain a 70% stake in the company.
Building on its positive results for 2021, as well as capital raised via its IPO, STS intends to progress with its expansion strategy as it seeks to maintain its standing in Poland and Central Europe whilst looking to other markets.
Additionally, it was reported in the aftermath of the public listing that the Juroszek family were considering making further stock purchases and launching an investment arm, with the expanding US betting and gaming market allegedly a target.
