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STS to focus on further development in Poland

Niji Narayan

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STS to focus on further development in Poland
Mateusz Juroszek, STS.pl CEO / Photo Source: e-playbet.com
Reading Time: 2 minutes

 

STS, the premier bookmaker group in Poland, is focusing on further business development in Poland, in spite of the several proposed challenges. STS has categorically ruled out any plans for listing on the stock exchange.

STS currently holds 49 per cent of Poland’s bookmaker’s market in Poland.

“We want to focus on business development in Poland. After the statutory changes, the market is growing all the time. We realise that we will not reach 70 per cent market share, there is an influx of new companies, competition is increasing and the challenge may be to maintain such a high market share. I would be happy if we had 43–45 per cent in five years.” – CEO Mateusz Juroszek told PAP Business.

The President pointed out, quoting the estimates of the “Graj Legalnie”(Play Legally – ed.) Association, that the turnover value of legal bookmaking activities in 2018 should generate about PLN 5 billion. Thus, STS – according to estimates – should make a turnover at the level of approx. PLN 2.5 billion in 2018. In 2017, the STS turnover reached PLN 1.6 billion.

“Analyzing the Italian market, it can be seen that the average Italian spends on one bet five times more than the Pole. The Polish bookmaking market is much younger, Polish society is getting rich, and it has more and more money for betting. Currently, the average amount per bet is PLN 25, and recently it was PLN 19. This should allow us to grow and increase revenues – said president Juroszek – as STS we want to grow faster than the industry in Poland, above all at the expense of illegal competition, which has about 40 per cent of the market” – he added.

The President of STS informed in April that the company has no plans to enter the Warsaw Stock Exchange, which had been mentioned earlier. He also pointed out that the company could make its debut on the London or Stockholm stock exchanges in the future.

 “A few years ago, we said that we would like to go public. Then the company, the stock exchange and the market were in a different situation. We do not need capital, we do not intend to sell the company. Therefore, the stock market debut today is not an interesting topic for us and we do not have any discussions in this matter” – said Mateusz Juroszek.

 

Source: E-PLAYOnline

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Central Europe

Overview of Changes to the Gambling Law in Poland

Niji Narayan

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Overview of Changes to the Gambling Law in Poland
Photo Source: medicalnewstoday.com
Reading Time: 1 minute

 

Poland’s Ministry of Finance has informed about an amendment to the regulation regarding lottery devices, gaming devices and slot machines, information security.

The Minister of Finance, Investment and Development has signed an ordinance amending the ordinance on lottery devices, gaming devices and slot machines, securing information regarding the organised lottery and obtaining, calculating and paying out winnings.

Pursuant to the provisions of the Gambling Act, only the minister competent for public finances decides whether playing on a given device is a game on slot machines within the meaning of the Gambling Act.

The opinion of the testing entity is only an attachment to the application for issuing the decision. This opinion must contain information that it serves only to issue a decision by the minister competent for public finance.

Thus, the opinion of the testing entity does not state the gambling or non-gambling nature of a given game and cannot be treated as a settlement in this respect.

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Central Europe

STS Signs Sponsorship Deal with Polska Liga Siatkówki

Niji Narayan

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STS Signs Sponsorship Deal with Polska Liga Siatkówki
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Polish betting operator STS has signed a sponsorship deal with Polska Liga Siatkówki and become the official bookmaker of PlusLiga. The agreement will last for at least four seasons, until June 2023. It also significantly strengthens the firm’s presence in volleyball and Polish sport.

“The agreement between STS and PLS is the next stage in the implementation of the strategy of supporting domestic sport and Polish volleyball. We are currently an official partner of, among others, the Asseco Resovia team, seven Ekstraklasa clubs and the Polish national football team. As the largest private sponsor of Polish sport, we also support many organisations and players throughout the country. The agreement with Polska Liga Siatkówki is part of the plan of cooperating with the most recognisable sports brands; PlusLiga is definitely such a brand. Our agreement will translate into a number of benefits for STS, the league, and, above all, the fans,” Mateusz Juroszek, CEO of STS said.

“At STS, we have always focused on people who are passionate about sport. This is because they are the ones who create a unique atmosphere during competitions. For this reason, a large part of our cooperation will be activities aimed at volleyball fans,” Mateusz Juroszek added.

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Novomatic Acquires Casino Riviera

Niji Narayan

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Novomatic Acquires Casino Riviera
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Novomatic, the Austria based gaming group, has taken over Casino Riviera in the Slovenian seaside resort of Portorož. The acquisition was made a few days ago. Novomatic now controls nine out of 26 licensed casinos in the country.

Novomatic acquired Casino Princess in Nova Gorica in June. In the past few years, Novomatic acquired the casinos Kongo near Grosuplje just south-east of Ljubljana and Lev in Ljubljana from Slovenian entrepreneur Joc Pečečnik.

Under the Admiral Slovenija brand, the Austrian group also operates casinos and hotels in Kozina (Admiral Casino Mediteran), Škofije (Casino Carnevale) and Ptuj (Casino Poetovio) and gaming parlours in Maribor (Casino Joker) and Lesce (Casino Tivoli).

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