Entain to buy Poland-based betting operator in a deal valued at $946 million

(Reuters) - Ladbrokes-owner Entain Plc said on Tuesday its Central and Eastern European venture will buy poland-based sports betting operator STS Holdings for 750 million pounds ($946.1 million) with its partner EMMA Capital.

Under the deal, STS shareholders will receive 24.8 Polish zlotys for each STS share held.

($1 = 0.7927 pounds)

(Reporting by Prerna Bedi and Shreyaa Narayanan in Bengaluru)