Entain Snaps Up Poland’s Top Bookie for $945M

Gambling titan Entain (the force behind Bwin, Ladbrokes, and Coral) is about to buy the Polish bookmaker STS for £750 million ($945 million), Reuters reports.

Under Entain’s financial offer, one share of the Polish bookmaker is worth PLN 24.8 (almost $6).

It is reported that the British gambling leader will pay up about £450 million in cash to get STS.

It is reported that the British gambling leader will pay up about £450 million in cash to get STS.

STS is a bookie founded in 1997. The company is one of the biggest bookmakers in Poland and has gambling licenses for operations in the UK and Estonia. The company’s shares are traded on the Warsaw Stock Exchange. In 2021, the company reported profits of $2 billion.

Gambling Park reminds you that Entain has been making some big moves lately. For instance, the British company bought TAB NZ, a sports betting operator in New Zealand.