Tag Archives: Baltic

Mateusz Juroszek: Polish ‘National Hero’ STS undeterred by international risks

SBC News Mateusz Juroszek: Polish ‘National Hero’ STS undeterred by international risks

Mateusz Juroszek, the CEO of STS Group, Poland’s largest bookmaker which accounts for +51% of market share has shed light on the company’s strategic reorganisation, refocusing growth in its home market.  Speaking to SBC, Juroszek cites confidence in the company’s ability to deliver its targets for 2023 and spoke candidly about its strategic long-term objective beyond Polish boundaries.  “We are …

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OEG revises Lithuania profile to counter ‘aggressive taxes’

SBC News OEG revises Lithuania profile to counter 'aggressive taxes'

The governance of Olympic Entertainment Group (OEG), Eastern Europe’s largest omni-channel gambling operator, has confirmed that it will reduce its active Lithuanian portfolio by closing down nine betting shops and two casino arcades. The decision follows on from the OEG performance review of its ‘Baltija’ (Baltic) subsidiary, in which governance underlined that inbound tax hikes on Lithuanian retail verticals had …

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Betsson boosts Baltic arm with TonyBet Lithuania acquisition

SBC News Betsson boosts Baltic arm with TonyBet Lithuania acquisition

Stockholm-listed Betsson AB has confirmed that it has entered a binding agreement to acquire Lithuanian betting operator Lošimų Strateginė Grupė, holding company of betting brand TonyBet’s Lithuanian business. Updating the market, Betsson governance detailed that it had acquired Tonybet Lithuanian assets for an initial consideration of €4 million, representing a 3.6x multiple on the acquired firms 2016 to-date EBIT of …

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