Tag Archives: Warsaw

Entain to close STS deal on 24 August

STS

Entain Plc will proceed to finalise its acquisition of STS Holdings, having secured unanimous shareholder approval to acquire the Warsaw-listed online betting group. This afternoon, the board of Entain declared that its £750m acquisition offer had been accepted by “STS shareholders holding a total of 155,591,656 shares, corresponding to approximately 99.3% of the total issued share capital.” As it stands, …

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Entain nets Polish antitrust approval to acquire STS

SBC News Entain nets Polish antitrust approval to acquire STS

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 …

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STS tightens Polish grip following strong Q1 results 

Mateusz Juroszek, STS Holding President

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 …

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STS maintains Polish growth amid business reorganisation 

SBC News STS maintains Polish growth amid business reorganisation 

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 …

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STS Group extends BetGames product supply deal with TV Zaidimai in Poland

SBC News STS Group extends BetGames product supply deal with TV Zaidimai in Poland

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 …

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LeoVegas bolsters tech muscle as MGM buyout looms

SBC News LeoVegas bolsters tech muscle as MGM buyout looms

LeoVegas AB has praised the performance of its product portfolio and investment strategy in outriding industry-wide European headwinds, as the Stockholm-listed online gambling group becomes an acquisition target of MGM Resorts.  Publishing its Q1 trading results, LeoVegas registered corporate revenues of €98.5 million, up 2% on corresponding 2021 results of €96.7 million. Excluding Dutch market restrictions, LeoVegas revenue growth increased …

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Betclic calls for Poland to ‘Set its own Course’ on sports betting

SBC News Betclic calls for Poland to ‘Set its own Course’ on sports betting

Betclic has launched its second Polish-market nationwide HD advertising campaign – ‘Wybierz swoj Kurs’ (‘Set Your own Course’).  Developed by Warsaw advertising agency 180heartbeats + JUNG v. MATT, the campaign aims “to prove that sports betting no longer fits into the stereotypical frames that have been presented to Polish audiences”. The creative sees Betclic continue to focus on developing ‘brand-centric …

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Betclic launches first HD campaign for Poland  

SBC News Betclic launches first HD campaign for Poland  

Betclic Group has moved to refresh its brand image across Poland, launching its new TV advertising campaign ‘Zakładamy się od Zawsze’ (‘Betting since Forever’).  The HD campaign co-produced by Warsaw advertising agencies 180HeartBeats and JUNG-v-MATT aims to showcase Betclic’s trusted credentials as one of Europe’s longest-serving online sportsbooks. Bartłomiej Płoskonka, country manager for Betclic Poland, detailed that the French betting …

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Polish trade body urges ministers to rethink gambling regime for a modern economy

BetFan

Polish gambling trade body Polska Izba Gospodarcza Branży Rozrywkowej (PIGBRiB) has published a report outlining comprehensive changes to the nation’s online and land-based gambling frameworks.     PIGBRiB has issued its report to Warsaw’s SEJM, Poland’s lower house, branding the Polish Treasury’s gambling enforcements of 2017 as ‘non-viable’ for a growing modern economy. In 2016, Poland’s governing PiS National Conservative Party sanctioned the Treasury …

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