Call it déjà vu, but Entain once again dominates industry headlines, as the firm orders a £600m bookbuild to acquire STS Group – Poland’s market leading bookmaker - for £750m.
Q2 trading alone has seen it commit almost £1bn in merger and acquisition deals, as STS Group joins 365Scores and Tidal Esports as new properties adding to the ever-expanding portfolio of Entain.
The STS deal saw Entain leadership once more pull the trigger on its ‘local hero’ buyout strategy…Yet this time leadership’s M&A moves have been called out by US investor Eminence Capital as “value-destroying by diluting the company’s shareholding”.
Joining Martyn Elliott on the latest episode of iGaming Daily, sponsored by SBC Summit Barcelona, is Ted Menmuir, Content Director at SBC Media and Ted Orme-Claye, Senior Journalist at SBC News and Lottery Daily.
To read more on the topic discussed today, click on the following link - https://sbcnews.co.uk/featurednews/2023/06/13/entain-launches-600m-bookbuild-to-acquire-sts-poland/
Later this year, SBC Summit Barcelona will return between 19-21 September at the Fira Barcelona Montjuïc. Click the following link for more information - https://sbcevents.com/sbc-summit-barcelona/