If you are an online casino lover, then you definitely know how lucrative this business can be. Many operators are opting to open their casinos in foreign countries because it can provide them with success. But, not every one of these ventures has a happy ending. The latest bitter ending was the one of STS Bet in the UK. Today, we are going to discuss this departure and see why the Polish casino decided to leave the UK market. Here are the most important things you need to know.
Their Numbers Were Good, but…
The call to leave the UK market definitely came as a surprise to everyone. hen you consider the report company recently released regarding their annual report revenue. In the rather encouraging report, they showed the record revenues of £868.4 million which is up 4.2% from the previous year.
Also, the gaming revenue was up 9.2% and they had the busiest Quarter 4 in their history, so the company was definitely doing really well, according to CasinoGambler, a UK online casino comparison site. Why did it then leave the UK market?
Mateusz Juroszek from the managing board has an explanation.
“Our offer attracted as many as two hundred thousand new players in the last three months of the year. During the World Cup alone, we had nearly half a million active customers.”
He also said.
“Operating data for last year clearly show that the domestic market is in a growth phase, despite the extremely difficult macroeconomic environment – the war in Ukraine, high inflation and economic stagnation.”
What Should The Customers Do?
If you are one of the many customers they have at STS Bet, you may be wondering what to do. The most important thing you need to know is that the UK betting branch is closing on February 14th. They are not registering new players, but if the old players have money in their accounts, they will have the chance to bet until the final day.
However, bets that settle after 13th Feb will be voided, and stakes returned, while unused bonuses will be forfeited if not used by that day.
What Are The New Plans For STS Bet
This seems like a bitter endingbut it is not. At least not when it comes to the STS and their home market. Here are their plans for the future.
“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.”
If you are an STS customer from the UK, you should start searching for a new site.