STS betting revenue reaches $1.13bn

Finance News

STS Group one of the largest bookmaker in central Europe and the market leader in Poland has reported an increase in key operating data for the record year of 2021. Last year, total value of bets placed by the customers was to nearly PLN 4.5 billion, while in 2020, it was nearly PLN 3.6 billion.

The year-on-year growth was 25%. The company continues to maintain its existing goals and growth plans, as well as intends to share all generated net profit with its shareholders. At the end of last year, there were 693,000 active users compared to 557,000 a year ago, which indicated an increase of 24%. From January to December 2021, the Group recorded 370,000 new registrations, while the year before, it was 314,000. Therefore, the year-on-year increase amounted to 18%. Moreover, the number of customers who made their first deposit increased as well. In 2021, they accounted for 249,000 compared to 205,000 in 2020.

This represents a year-on-year increase of 21%. “According to the previous predictions, 2021 was a record year for the Group. We achieved high increases in key operational data, ¬such as the amounts staked and the number of active users. This shows the dynamics of the growth phase the STS Group is currently in. We expect to continue to achieve our previously established medium and long-term goals in the coming reporting periods.

What’s more, as we announced during the IPO and in the dividend policy, we intend to share all generated net profit with our investors , “Says Mateusz Juroszek, CEO of STS Holding. STS Group is the largest licensed bookmaker in Poland based on turnover and also operates on an international scale through licenses in the United Kingdom and Estonia, from where it offers its services in several additional markets. The Group’s portfolio of services includes sports betting, virtual sports, an online casino (outside of Poland), BetGames and a wide range of betting services relating to esports. On December 10, 2021 the shares of STS Holding debuted on the WSE.

The total value of the Offering is c. PLN 1.1 billion, while the market capitalization of the Company as a result of the Final Price for the Offer Shares is c. PLN 3.6 billion. The investors acquired 46,874,998 shares, constituting approximately 30% of the share capital of STS Holding S.A.

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