Tag Archives: poland

The Juroszek family has become the largest individual investor in Gaming Innovation Group (GiG), increasing its stake to 11.08% in the igaming media services and sportsbook platform provider. This morning, MJ Investments, Betplay Capital, and Juroszek Holdings informed the public that they had acquired a further 1.32 million shares of GiG stock on behalf of the Juroszeks. The enterprise founders …

Superbet Group has restructured its executive management team to support the company’s ongoing international expansion, which will impact its day-to-day business operations.  This shift in the C-level landscape is spearheaded by the appointment of Stephen Parry, former CEO of William Hill International, as the new Chief Operations Officer (COO) at Superbet Group. Parry, an expert in business transformation, is tasked …

Entain Plc‘s board has successfully placed new ordinary shares, raising proceeds of £600m. The transaction comes 24 hours after the firm’s announcement that it had agreed for its Entain CEE subsidiary to acquire STS Group, Poland’s largest bookmaker for an agreed £750m deal. This morning, Entain communicated that a total of 48,294,478 new ordinary shares of €0.01 each have been …

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 …

STS Group has detailed a positive start to 2023 trading, strengthening its position as “Poland’s premier betting group”.  Providing a Q1 update, STS recorded group revenues of PLN 153m (€34m), up 7% on corresponding 2021 results of PLN 142m (€31m). The revenue increase was generated off a Q1 wagering volume of PLN 1.19bn (€246.6m), as STS betting capacity outpaced 2021 …

STS Group has reported on a consecutive record-breaking quarter performance, benefitting from continued growth in its home market of Poland. Opening its 2023 accounts, STS cites that Polish growth has helped its business overcome recent market exits in the UK and Estonia, announced during the close of 2022. Q1 trading saw the Warsaw SE-listed betting group achieve wagering results of …

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. …

SIS (Sports Information Services) marks its entry into Poland, having agreed to supply its end-to-end 24/7 live betting content for horse and greyhound racing content to Go+bet.  The partnership will see Polish sportsbook Go+bet, extensively revamping its racing offering with SIS premium Live Betting Channel, providing access to over 73,000 horseracing/greyhound events each year. Of significance, the Go+bet sportsbook will …

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 …

STS Group, among the largest bookmakers in Central Europe and a market leader in Poland, told investors that it has managed to overcome challenging trading conditions in H1, 2022, thanks to what it described as its ‘competitive advantages’ in the marketplace. The biggest bookmaker in Poland, in terms of turnover, generated consolidated revenue of PLN 263m, with adjusted EBITDA coming …