Tag Archives: poland

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 …

STS Group has underlined its confidence in achieving its full-year 2022 commercial and tech objectives, following strong H1 corporate performance.  Publishing a snapshot update on H1 2022 trading, Poland’s largest betting group matched like-for-like H1 2021 NGR results of PLN 296m (€62m). The positive NGR result was generated from combined group wagers of PLN 2.2bn (€460m) as STS matched tough …

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 …

Pressure is mounting on Poland’s Ministry of Finance to undertake a review of its gambling tax structure, revitalising income generated from licensed bookmakers.     A cross-party Sejm (lower parliament) committee representing ‘Polish consumers and entrepreneurship’, had announced that it has submitted a proposal advising the Ministry “to abandon the 12% turnover tax applied to sports betting.” The Committee has advised the …

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 …

STS Holding has revealed that it has received a dividend of PLN 13.3 million (€2.8m) related to the performance of its tech subsidiary Betsys. Providing investors an update on Betsys performance, STS disclosed that, during 2021, its tech unit had grown in EBITDA to PLN 21.8 million (€4.6m), up 50% on FY2020 corresponding results of PLN 14.5 million. Profits generated …

Betway the flagship global sportsbook property of Super Group, has launched its online gambling platform for the regulated market of Bulgaria, hosted under the domain of Betway.bg  On Monday, Betway announced the launch of Betway.bg to Bulgarian media and its affiliate marketing partners. Betway’s market licence has been granted by the National Revenue Agency (NRA) which is tasked with monitoring …