STS Group will be leaving the UK and Estonia gaming markets to focus more of its operations in its native Poland, despite announcing record revenue for 2022. STS currently operates online sportsbooks in the UK and Estonia covering sports betting, virtual sports and esports.
The business made the decision to leave those markets, though, following record results driven by success in Poland. Following its 2022 financial results, it said its efforts were best spent focusing on its main market.
STS revealed that the total amount staked by players in 2022 increased by 4.2% to PLN4.68bn (£868.4m/€979.3m/$1.06bn) from PLN4.49bn in 2021.
Gross gaming revenue was also up for the group, with STS recording a 9.2% increase from PLN1.09bn in 2021 to PLN1.19bn in 2022.