STS owners invest more than €1m in Better Collective
STS CEO Mateusz Juroszek and his father Zbigniew purchase nearly 140,000 shares in the Danish affiliate firm
The owners of Polish bookmaker STS have invested more than €1m in Copenhagen-based affiliate Better Collective, it was announced today.
STS CEO Mateusz Juroszek and his father Zbigniew bought almost 140,000 shares in the Danish firm, citing its potential in the US betting market as a key driver behind the investment.
STS CEO Juroszek said: “Having shares of Better Collective is crucial to our family investment portfolio.
STS CEO Mateusz Juroszek
“We see a lot of potential in the company, which has already announced its third acquisition this year – two in the USA and one in the UK.
“It is very important to us, as Better Collective is such a large and very well-known entity, especially in the Americas where the egaming industry is growing rapidly.
“This investment is our long-term asset and we will consider increasing the capital commitment to Better Collective in the future,” he added.
Better Collective’s US strategy helped inspire Q2 revenue growth of 64%, with its newly-acquired assets including Vegas Insider and Scores & Odds.
Warsaw-based STS launched in the UK on a BetConstruct-powered this year, pledging to appeal to UK-based Poles.