STS announces new investment drive following IPO
Poland’s biggest sports betting company want to use some of the 1.08 billion zloty ($266 million) raised from the firm’s initial public offering to wager on Warsaw-listed stocks according to Bloomberg news.
The Juroszek family last week successfully sold a 30% stake in STS Holding SA. Together with dividends from their Atal SA home building business, the money will fund an investment vehicle that will buy “large” stakes in companies with high dividend-paying and growth potential, STS Chief Executive Officer Mateusz Juroszek said.
The STS Gaming Group is focused on R&D projects. Due to its dynamic development over the last few years, the Group has increased its revenue over 10-times and plans further geographic expansion.
Currently, the STS Gaming Group employs over 1,500 employees, has more than 440 betting shops in Poland and 4 offices located in Katowice, Warsaw, Prague and Malta.