Tag Archives: Bump 50:50

Sportech H1 2019 revenues hampered by “venues’ challenges”

International betting tech firm Sportech has published its interim results for the six months ended 30 June. The figures, which came in lower year-on-year, reflect an ongoing period of transition for the company as it moves towards a more digitized business, while removing cost to increase efficiencies. Revenue growth in Racing, Bump 50:50 and Lottery were all, it said, offset …

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Richard McGuire – ‘Transforming Sportech’ confident on US prospects and progress  

Speaking at Sportech Plc’s annual general meeting (AGM), company Executive Chairman Richard McGuire has updated investors on the firm’s ongoing corporate transformation strategy seeking to deliver ‘longer-term profitability’. McGuire currently leads Sportech, following the departure of former Chief Executive Andrew Gaughan last November, as the LSE listed racing systems supplier detailed that it would miss 2018 corporate expectations due to …

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Flat Sportech has full focus on US prospects

London-listed racing and wagering systems supplier Sportech Plc continues its group North American strategic alignment as the company reports a flat interim performance for H1 2018 trading (period ending 30 June). Year-to-date, Sportech records group revenues of £31.6 million, matching its corresponding H1 2017 performance, with period profits of £23million (H1 2017: £22.8 million). However, undertaking a number of corporate …

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Sportech pushes forward on its ‘America First’ growth strategy

The governance of London-listed betting and racing systems provider, Sportech Plc, has detailed that it will prioritise expanding its US commercial pipeline and stateside projects as the firm’s principal objectives for 2018 trading. Updating investors at Sportech’s Annual General Meeting (AGM), Group Chief Executive Andrew Gaughan detailed 2018 corporate priorities. Having an established presence within 37 US states, Sportech governance …

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Sportech confident of 2017 targets as company begins to hear suitors

Presenting its Q3 2017 trading update (period ending 30 September), London-listed betting systems provider, Sportech Plc has detailed a strong continued momentum for its operations and services, as the company prepares to review initial bids for its outright sale. Driven by the growth of its ‘Racing & Digital’ division and international venue assets, Sportech would record a Q3 2017 group …

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Solid start to 2017 sees Sportech expand corporate footprint in Asia & USA

The governance of London-listed racing technology and betting systems provider Sportech Plc has declared a solid start to 2017 (Q1: January – March) in-line with corporate expectations. Updating investors ahead of its annual AGM, Sportech discontinues accounting the performance of its Football Pools division having agreed to sell the asset to London private equity firm OpCapita for £83 million last …

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