Tag Archives: football pools

UK is the first stop for new football pools start-up Kiggit

Copenhagen-based start-up Kiggit has announced the launch of its football pools betting app for the UK market, having been approved a UK Gambling Commission (UKGC) License last September. Founded by CEO Jakob Hagemann, Kiggit aims to bring football pools to the social media generation. Hagemann describes the product as a ‘hybrid product, where the Betfair Exchange meets The Football Pools …

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No Deal! Sportech calls off sale of The Football Pools to Burlywood Capital

Updating the market this morning, Sportech Plc has informed that its ‘The Football Pools’ division will not be sold to industry private equity firm Burlywood Capital. Last September, a sale of the Football Pools was announced with Burlywood governance agreeing to pay Sportech a total cash consideration of £97 million for its asset. Issuing a corporate update, Sportech’s CEO Ian …

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Technology upgrade sees Sportech positive on 2016 performance

Updating the market ahead of its annual general meeting (AGM), betting technology provider Sportech Plc has stated that 2016 trading is in-line with management expectations as the company has undertaken a number of operational improvements which have gained new customer wins. Sportech governance was pleased to detail that the UK Court of Appeal had ruled unanimously in favour of its …

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HMRC to appeal Sportech’s £97m VAT Spot the Ball refund

The legal to-ing and fro-ing between Her Majesty’s Revenue & Customs and Sportech over the gambling operator’s overpaid tax claim, worth £97m, is set to continue after HMRC announced it is to appeal the latest decision. The appeal is just the latest installment in the long running attempt by Sportech to reclaim tax the company says it erroneously paid on its Spot the Ball product between 1979 …

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Netplay TV looks to take over the Football Pools

Netplay TV has asked for its shares to be suspended on the AIM after an announcement that it was considering a reverse takeover of the Sportech owned football pools business estimated to be worth around £100m. The football pools, formerly the backbone of the gambling industry in the UK, still attracts 300,000 weekly players though this is down from 10m at …

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VAT charge impacts Sportech H1 2015 performance

Sportech Plc, the gambling operator at the centre of a takeover bid by Canadian gaming group Contagious Gaming has recorded a profit slump to £7.9 million for its H1 2015 performance, down 91% from the £87 million profits recorded in 2014. The operator of the Football Pools’ results have been impacted by the VAT repayment on its ‘Spot the Ball’ …

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Colossusbets boosts player value with new Pools consolation prize funds

Having revamped its website in time for the start of the 2015/2016 Premier League season, football mega jackpots pool operator Colossusbets is looking to give its customers and partners greater value. Announcing its latest pool enhancements, Colossusbet will offer a set of consolation prize funds to all their + £1 million games. The prize enhancements will see the following changes …

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Sportech Plc rejects Football Pools acquisition bid

Sports betting wagering and systems operator Sportech has announced in its latest trading update that it has rejected a takeover bid for its Football Pools division. Last week The Times UK broke the news that Sportech governance was reviewing a takeover bid for the Football Pools. Sportech released the following corporate statement with regards to the bid “Following recent media …

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The Times – Sportech considering Football Pools sale

The Times has reported that Sportech Plc is considering the potential sale of its UK Football Pools business. The Liverpool based betting pools and wagering systems operator who recorded a 5% decline in EBITDA earnings to £24 million, are reported to be open to listening to offers as the company looks to focus on expanding its US facing racing division. …

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Unfavourable XE rates impact Sportech 2014 performance

Reporting on its 2014 full year financial performance, football pools and betting operator Sportech recorded declines in top line metrics as the firm reported a 2% decline in group revenues of to £104 million (FY 2013: £106 million). The firm further recorded a 5% decline in EBITDA earnings to 24 million (FY 2013:£25.3 million) Despite its decline in overall group performance, …

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