{"id":4859,"date":"2023-06-15T06:36:05","date_gmt":"2023-06-15T06:36:05","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/06\/15\/entain-expands-european-presence-with-acquisition-of-sts-holdings\/"},"modified":"2023-06-15T06:36:05","modified_gmt":"2023-06-15T06:36:05","slug":"entain-expands-european-presence-with-acquisition-of-sts-holdings","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/06\/15\/entain-expands-european-presence-with-acquisition-of-sts-holdings\/","title":{"rendered":"Entain Expands European Presence with Acquisition of STS Holdings"},"content":{"rendered":"<div>\n<p>Entain, the worldwide sports betting, gaming, and entertainment company, recently announced the acquisition of STS Holdings, a sports betting operator based in Poland. Entain will acquire full ownership of STS Holdings in exchange for \u00a3750 million ($946 million). Following the successful acquisitions of Ladbrokes, Coral, and bwin, which have become the company\u2019s most popular brands, the move is part of Entain\u2019s European expansion strategy.<\/p>\n<p>Entain\u2019s bid for STS Holdings is \u00a324.8 Polish zlotys ($5.97) per share, for a total of around \u00a3450 million in net cash. Since its beginning in 1997, STS has established itself as a recognized bookmaker as a licensed operator in the United Kingdom. Entain was drawn to the quality of STS operations, causing the sports betting behemoth to seek the acquisition as a method of boosting its European expansion goals.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow noopener\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 177% Welcome Bonus  + 77 Free Spins in Aztec Magic Deluxe\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/igaming.org\/casino-news\/entain-reveals-strategic-decisions-in-tab-new-zealand-partnership-and-365scores-acquisition\/\">Entain<\/a> plans to fund the STS offering through its Central and Eastern Europe vertical, Entain CEE, in partnership with partner EMMA Capital. The cash will be split 75% to 25% between the two corporations, reflecting their respective ownership holdings in Entain CEE. Entain has sought the help of financial advisor Morgan Stanley to manage a book-building process and a separate retail offer to investors via a specialized platform in order to obtain the necessary money. Mateusz Juroszek, the Chief Executive of STS, and his father will provide a portion of the funds to Entain CEE in exchange for a 10% interest in the company as part of the deal.<\/p>\n<p>Entain CEO Jette Nygaard-Anderson expressed excitement about acquiring Poland\u2019s top sports betting provider, emphasizing its position in a fast rising sector. STS\u2019s excellent brand, attractive omni-channel offering, and exceptional management team were noted by Nygaard-Anderson. The deal complements Entain\u2019s CEE strategy as well as its larger M&#038;A strategy, which seeks to acquire high-quality businesses with leading market positions in regulated and expanding countries. <a href=\"https:\/\/igaming.org\/casino-news\/entain-plc-publishes-comprehensive-2022-23-esg-report-demonstrating-commitment-to-sustainability\/\">Entain<\/a> sees expansion in Central and Eastern Europe as a critical component of its business strategy, with STS having a key role in the region.<\/p>\n<p>STS CEO Mateusz Juroszek expressed enthusiasm for joining the board of Entain CEE and recognized tremendous growth prospects for STS under Entain\u2019s ownership. Juroszek praised Entain as a world-class operator, citing SuperSport\u2019s prior investment in the region in Croatia. He expressed his belief in Entain\u2019s potential to assist STS in moving forward, emphasizing their shared goal and vision. Juroszek is excited to lead STS and work closely with the Entain CEE team.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow noopener\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 177% Welcome Bonus  + 77 Free Spins in Aztec Magic Deluxe\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/entain-expands-european-presence-with-acquisition-of-sts-holdings\/\">Entain Expands European Presence with Acquisition of STS Holdings<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Entain, the worldwide sports betting, gaming, and entertainment company, recently announced the acquisition of STS Holdings, a sports betting operator based in Poland. Entain will acquire full ownership of STS Holdings in exchange for \u00a3750 million ($946 million). Following the successful acquisitions of Ladbrokes, Coral, and bwin, which have become the company\u2019s most popular brands, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-4859","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/4859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=4859"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/4859\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=4859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=4859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=4859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}