SPORTS BETTING
Poland – STS files floatation prospectus with Financial Conduct Authority
By Phil - 3 September 2021
Poland’s sports betting giant STS Holdings is planning to float its STS SA sportsbook business on the Warsaw Stock Exchange (WSE) having submitted a prospectus to Poland’s Financial Conduct Authority disclosing its aim.
Mateusz Juroszek, President of the management board of STS Holding and STS, said: “We decided to file a prospectus with the Polish Financial Supervision Authority because we believe that a group such as STS, with an excellent market position, high recognition and a strong management team, will be attractive to Polish and foreign investors. We have managed nearly half of the domestic market, and for several years we have been operating and developing also abroad.”
“STS SA has been operating for almost 25 years and after years of dynamic growth, including increasing the scale of operations, changing the operating model from retail to online and securing leading technological solutions or building your own bookmaker system, it is time to consider the next important step.”
All the company’s shares are currently held by the Juroszek family. The company is Poland’s biggest sportsbook operator with around half of the market share and revenues of €750m in 2020.
