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STS Cease Trading in the UK

We urge all STS players to withdraw any funds they have in their accounts

Louise NesbittLouise Nesbitt
January 23rd, 2023
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STS
The business confirmed that it had exited both the UK and Estonia markets.

STS has announced that it has ceased trading in the UK. The business confirmed that it had exited both the UK and Estonia markets as of 16th January 2023. From that date, STS will not be accepting deposits or registrations.

At freebets.ltd.uk, we urge all STS players to withdraw any funds they have in their accounts as soon as possible to avoid losing money.

According to the STS brand, all your players will be able to log in to their accounts and play or withdraw the money until 14.02.2023.

"From that date, there will be no possibility to place any bets, and players will have to withdraw funds" STS confirmed.

The decision to stop operating in the UK comes as a surprise to many, given the fact that the business announced a record revenue for 2022. According to STS, the total amount staked by players in 2022 increased by 4.2% to PLN4.68 billion (£868.4 million/€979.3 million/$1.06 billion) from PLN4.49 billion in 2021. STS increased its gross gaming revenue by 9.2% from PLN1.09 billion in 2021 to PLN1.19 billion in 2022.

So, why the exit from the UK? The business is shifting focus and will be dedicating its resources to further growth in the Polish betting market, in which it has seen recent sucess.

Mateusz Juroszek, president of STS Holding's management board, commented:

“Operating data for last year clearly shows that the domestic market is in a growth phase, despite the extremely difficult macroeconomic environment – the war in Ukraine, high inflation and economic stagnation.
“Since the beginning of this year, we have been focusing our activity exclusively on Poland. Our goal for the difficult year 2023 is greater efficiency of operations and a number of implemented savings.
“The new agreement with the Polish Football Association, focus on the Polish market and a number of synergies resulting from changes in the structure of the group will positively affect our profitability and facilitate further EBITDA growth.”

Are You an STS Player Looking for a New Bookie?

If you are looking for a new online bookmaker due to STS' market exit, then you are in the right place! There are plenty of great sportsbooks to choose from on freebets.ltd.uk. Head over to our homepage to compare the latest betting offers from licensed UK bookmakers.

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