Tag Archives: Estonia

Social media influencers based in Estonia are potentially looking at stricter regulations surrounding the online advertisement of products and services that require a minimum age check such as alcohol and gambling.  This was made clear after the Estonian Ministry of Economic Affairs and Communications announced that it is currently drafting a bill that will introduce amendments to the regulatory framework …

The government of Armenia is set to implement a ban on cash payment options for online betting and gaming operators. Last week, the National Assembly of Armenia urged all relevant agencies to adopt new rules on the management of gaming accounts, aimed at ‘strengthening the fight against gambling addiction’. In May 2022 the Assembly approved the new restrictions by 67 …

STS Group, the subject of a £750m acquisition bid by Entain Plc, continues to consolidate its position as Poland’s market-leading sportsbook.  Publishing its Q2 trading update, Warsaw-listed STS registered a 3% increase in wagering volume to PLN 1.103bn (€245m).  Wagering growth was maintained despite STS disbanding its UK and Estonia businesses, a factor reflected in the firm’s customer KPI metrics …

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 …

The Ministry of Finance of Estonia has published a ‘draft law’ recommending that the new government increase taxes on online gambling, casino games, and lottery draws.  An increase in gambling taxes is proposed as the Ministry cites significant growth in online casino revenue, which has surged by 260% from €78m in 2020 to €281m in 2022, as reported by the …

Estonia is likely to become the next European nation to propose the enforcement of a blanket ban on gambling advertising. This development follows last week’s agreement on a new ‘centrist’ coalition government formed by the Reform Party, the Social Democrats, and the Eesti 200 Party. The Baltic nation will continue to be led by Prime Minister Kaja Kallas, who has …

Rounding off its first year as a Warsaw Stock Exchange (WSE) business, Polish and CEE betting operator STS Group SA reports 16% year-on-year revenue Increase and 29% boost in net profit,  Maintaining its dominant Polish market share and CEE pole positions,  STS reported a consolidated revenue of PLN 579m for 2022, marking a 16% increase from PLN 498m in 2021. …

OlyBet has joined the roster of key partners that will sponsor EuroLeague Basketball’s ‘Final Four’ tournament – the marquee finale of the European basketball season.  Taking place over the weekend of 19-to-21 May, the Final Four will be hosted at  Žalgiris Arena in Kaunas Lithuania, as the four best EuroLeague basketball teams compete to be crowned European champions. Olybet highlighted …

STS Group has confirmed that it will begin to ‘phase out’ its business activities in the UK and Estonia to strengthen its objective to increase profitability for investors.    The decision follows successful 2022 trading, which saw STS strengthen its position as Poland’s largest bookmaker, accumulating PLN 4.68bn (circa €1bn) in wagers. 2022 saw Poland’s market leader generate net-gaming-revenues (NGR) of …

As Western governments impose financial sanctions against Russia following its illegal invasion of Ukraine. Regulus Partners outlines far-reaching repercussions for a globalised gambling sector.  Ukraine has a thriving gambling industry, a first-rate gambling services sector, a highly educated population, and relatively transparent governance. Until the last few weeks, it was therefore an attractive country to operate from and in, regulatory …