Tag: Sportech

Sportech holds out for US growth amid investment and revenue plateau

Sportech has announced revenue for the first half of 2018 rose just 1.2 percent, from $40.2m in 2017 to $40.7m during the first six months of this year. The London-based online gambling operator stated that though gross profit increased, the growth of less than one percent from $29.3m to $29.5m over

Sportech and Sportradar team up to deliver US sport betting solutions

Leading Data & Betting Technologies Companies to Offer Fans Pre-match and Live Betting Services, Content, Trading Tools, and Risk Management Services. Sportech, the international betting technology business, and Sportradar, the global leader in understanding and leveraging the power of sports data, have announced a commercial betting deal in the United States. Under the terms of the agreement, Sportech will be able...

Sportech puts itself up for sale

London-listed gambling company Sportech is inviting offers for the company after it reported a jump in revenue.   Revenue in the year to date has grew by 5.8 percent, reaching £54.7m. "The group has continued to trade well in the first few weeks of the current quarter and the outcome for the full year remains in line with board expectations," said...

Sportech bids farewell to CEO and CFO in corporate shake-up

sportech Ian Penrose ceo cfo
Ian Penrose and Mickey Kalifa have resigned from Sportech as CEO and CFO, respectively, amidst a review of the business and the capital structure at the company.   Kalifa's resignation from the Board is effective as of today but he will remain with the London-based company until 31 October 2017. Penrose (pictured), however, will stay at Sportech for the remainder of...

Sportech pays off debts, sees revenues increase in latest financial results

bbi sportech
Sportech PLC saw its revenues grow and debt paid off, as the company announced its interim results for the six months ending 30 June 2017. Overall revenues increased five percent from £34.7m to £36.4m, with other highlights including expansion in Hong Kong, Denmark, Netherlands, and the US through investing in technology. The group also managed to pay off £60m in debt...

Football Pools sale scuppered by IPO-crunch

Betting Business, Football Pools, Burlywood Capital, Initial Public Offerings, Sportech, IPOs, Ian Penrose,
A bid to buy football’s oldest gambling product, the Football Pools, was undermined by volatility in global markets. A £100m purchase of football’s oldest gambling company, the Football Pools, fell at the last hurdle at the beginning of November when its proposed buyer Burlywood Capital failed to raise the cash. The venture capitalists had offered to buy the company for £97.25m...

Sportech sees positive start to 2016 as HMRC loses tax dispute

Sportech HMRC
Sports entertainment firm Sportech has reported an encouraging start to the year, with technology investments and new offices in Singapore bringing in a swathe of new business in the US and Asia. The wagering giant, which turns over around $13bn in bets every year, said its Racing and Digital division had had an “encouraging” start to the year. “The investment...