Tag Archives: STS Group

STS Group has appointed Ivan Gojić as Chief Sportsbook Officer, aiming to enhance its position as Poland’s largest betting firm and to support expansion into further Central and Eastern European (CEE) markets. Gojić assumed the role on 1 April and will also serve in the dual capacity of VP of Sportsbook for the Entain CEE vehicle. Media sources were informed …

STS Group reaffirmed its market leadership position in Poland with the publication of its H1 trading results as the company narrowed its focus to its home market. The betting and gaming group, trading on the Warsaw Stock Exchange, reported an increase in net gaming revenue of 17% from PLN 296m (€64.5m) to PLN 346m (€75) driving subsequent growth in terms …

Entain Plc stands by its growth strategy and long-term financial prospects, following a transformative H1 trading period in which the FTSE gambling group acquired four new businesses to its global portfolio.  Publishing its 2023 Interim trading results, Entain registered a net group revenue (NGR) of £2.4bn, up 14% on H1 2022 results of £2.1bn. Generating a period NGR of £1.65bn …

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 …

Entain Plc has been granted antitrust approval to proceed with its £750m acquisition of STS Group, Poland’s largest betting group. The FTSE100 gambling group informed investors this morning that Poland’s Office of Competition and Consumer Protection was “satisfied with the conditions of its tender” to acquire Warsaw-listed STS Holdings.  Dealmakers required the Polish government’s antitrust authorization as the STS Group …

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 …

Entain Plc has pulled out of negotiations to acquire a majority stake in Slovenian monopoly sportsbook operator Športna Loterija.  The FTSE100 gambling group confirmed to STA, Slovenia’s Press Agency, that it had ended  negotiations with the Ministry of Finance. The announcement comes after the Ministry of Finance stated on Friday that all applications to acquire a stake in Športna Loterija had …

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 …

Entain Plc has published all documents related to a proposed plan to bookbuild £600m in new capital, which will be primarily used to acquire STS Group – Poland’s largest bookmaker. The London Stock Exchange (LSE) has been informed that shares of the FTSE100 gambling group will be offered to institutional investors through an accelerated bookbuild process. In addition, Entain will …

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 …