STS Appoints New CEO and Chair After Entain CEE Buy-Out
Date: 2023-12-20 Author: Dima Zakharov Categories: PEOPLE
In a significant move in the world of sports betting, STS has appointed a new CEO and chairman in the wake of its acquisition by Entain CEE. The reshuffling of leadership positions is aimed at enhancing the structure and operations of both STS and Entain CEE, ensuring a strategic focus on growth.
Entain CEE, a joint venture between Entain, Emma Capital, and the Juroszek Family, acquired STS in a deal worth £750 million in August 2023. Mateusz Juroszek, now the chairman of the supervisory board, expressed confidence that these changes would positively impact both companies.
Radim Haluza, set to assume the role of CEO on January 1, will also continue as the CEO of SuperSport, Croatia's largest gaming and sportsbook operator, acquired by Entain CEE for £690 million in November 2022.
Juroszek emphasized his commitment to overseeing strategic goals and development, while Haluza will focus on operational management. The primary objective remains growth, particularly in the dynamically expanding Polish betting market and opportunities within the region through Entain CEE.
Entain CEE, which was established in 2022 with a focus on acquisitions in Central and Eastern Europe, maintains its commitment to STS' growth in the Polish market. The company's managerial structure and growth plans remain unchanged.
STS started the year 2023 on a strong note, with a 56.4% increase in net profit to PLN97 million in the first half of the year. Adjusted EBITDA for the same period rose by 34.1% to PLN157 million. Revenue grew by 13.7% to PLN299 million, fueled by a remarkable 26.0% year-on-year increase in the second quarter.
These developments signify a promising future for STS and its strategic endeavors in the sports betting industry.
