Betting turnover at STS Group jumps 25% in 2021
Poland’s largest operator reveals active users increased 24% compared with 2020
STS Group (STS), the market leader in Poland, has today, 21 February, revealed that turnover soared by a quarter year-on-year in 2021 to PLN4.5bn (£830m), up from PLN3.6bn in 2020.
The 25-year-old bookmaker also announced a 24% increase in active users from 557,000 in 2020 to 693,000, while new registrations totalled 370,000 compared to 314,000 the previous year. FTDs rose 21% from 205,000 in 2020 to 249,000 last year.
STS, which holds a 74% stake in Czech technology firm Betsys, said it is on track to meet its “existing goals” and intends to “share all generated net profit with its shareholders”.
Mateusz Jurosek, CEO of STS Holding, said: “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 achieve our previously established medium and long-term goals in the coming reporting period.”
Jurosek said that while the primary focus was on the Polish market, STS was expanding its “foreign business activity”, both organically and by investigating potential acquisition targets.
The company is licensed to operate in Estonia and the UK besides its home market Poland where online casino is prohibited.
Based on turnover, STS is the largest bookmaker in Poland and has around 400 betting shops across the country. It recently listed on the Warsaw Stock Exchange with a market cap of PLN3.6bn. Jurosek and his family retain a 70% holding in the business.
Having opened 21 February at PLN18.3, STS shares were up 4.7% at PLN18.68 following the announcement.