Gambling company Entain has announced that it has agreed a deal to acquire Polish sports betting company STS in a deal that is worth approximately £750 million (€877.4 million).
According to the announcement, the deal will see Entain acquire 100% of STS for a price of PLN 24.80 per share, valuing the equity value of STS at approximately £750 million (€877.4 million).
STS is considered the market leader in Poland’s regulated sports betting market. In the three years to the end of 2022, its active
users of its online sports betting product grew at a 19% CAGR to reach 783k active users. STS also owns 400 stores, making it the largest retail sports betting operator in the Polish market. In the financial year 2022, STS posted Net Gaming Revenues (NGR) of PLN 663 million (£121/€141.5 million, +17% YoY) and Adjusted EBITDA of PLN 273 million (£50/€58.5 million)
