Central Europe

STS Improves Financial Position in Poland

Published

5 years ago

August 18, 2020

Niji Narayan

STS Improves Financial Position in Poland

Reading Time: < 1 minute

STS Gaming Group, the premier betting company in Poland, has improved its financial position in the first half of 2020, according to the data on tax revenues published by Poland’s Ministry of Finance. This is impressive because the legalized sports betting industry overall has paid PLN 343.4 million of gambling and lottery tax in in the first half, suggesting a 10% dip year on year.

Betting companies contributed PLN 138.6 million to the Treasury, a decrease of 26.6%.

STS meanwhile has reported a revenue increase of 4% year on year. It has improved its position, as it controls almost 50% share of the Polish sports betting sector.

Related Topics:Poland STS

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Niji Narayan

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.