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STS Completes Betsys Acquisition, BetFred Hopeful re USA Sports Betting in '20

Written by:
Gilbert Horowitz
Published on:
Jul/07/2020

Polish bookmaker STS has completed the acquisition of Czech betting software provider Betsys, in a deal it said will support its ongoing European expansion plans.

Under the agreement, the terms of which were not disclosed, STS will take full ownership of Betsys, a software business in which it was already the majority shareholder.

It acquired a 50% stake in the supplier's parent company Greep in April 2017.

Bryan Bennett, COO of Betfred USA Sports, told SBC that 2020 can still be a good year for sports betting if major sports return, and that cashless casinos are an innovation that he’s keeping an eye on.

Regarding the impact of COVID-19?

"Don’t panic, keep your eye on the larger prize. 2020 can still be a good year for sports betting if we get all the major sports back as planned for August through October, but we’re really focused on just getting through this year and getting this virus behind us at some point."

- Gilbert Horowitz, Gambling911.com

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