Tag Archives: sportech

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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Kiron and Sportech sign Latin American virtual racing partnership

Kiron Interactive has signed an agreement with pool and tote betting technology provider Sportech Racing and Digital, a division of Sportech Plc, to supply virtual racing to racetracks in Latin America. The three-year deal will see Kiron’s virtual racing products incorporated into the Sportech Racing and Digital Quantum System wagering platform to complement the live on-course action. An initial roll-out …

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UK Court of Appeal grants Sportech Plc right to challenge VAT repayment

Sportech PLC today announced that it had been granted permission by the UK Court of Appeal in relation to its VAT repayment claim regarding its “Spot the Ball” competition. Sportech is set to further challenge the UK tax authorities relating to tax claims worth more than £90 million. The company issued a short corporate statement this morning stating that a …

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Sportech’s MyWinners.com launches acquisition programme with Income Access

MyWinners.com, the only website legally permitted to offer online horse-racing wagering to players in the state of Connecticut, has announced a partnership with Income Access, an iGaming-focused technology and digital marketing services provider. As part of the marketing partnership, MyWinners.com’s new affiliate program will integrate with Income Access’ platform and will be managed by the company’s acquisition specialists, who will …

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Football Pools offers Xtra

The Football Pools has officially launched MatchXtra, a new pool betting opportunity with a fixed-odds betting twist.  MatchXtra uses innovative pools technology from Longitude LLC, a New York-based technological solutions company, to offer exceptionally competitive odds on Premier League and other matches throughout the world. With MatchXtra, customers are able to bet on fixed odds-type markets, such as home/draw/away, correct …

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Football Pools refreshes brand & image with Someone London

Sportech’s Football Pools has turned to creative marketing and branding specialists Someone London to help refresh its image and attract a new audience to its football pools product. In its last financial statement, Sportech revealed that although the Football Pools had maintained revenues and product margins, it had seen a decline in its number of active customers. Sportech management have …

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Sportech agrees double Nebraska deal

Sportech Racing & Digital has agreed to supply Nebraska’s Lincoln Race Course and Horseman’s Park racecourses with digital and land-based betting provisions, as the pools betting provider expands its services in the USA. Both racecourse are operated by Omaha Exposition and Racing, who approached Sportech Racing & Digital to be its tote and pari-mutuel betting partner. Racecourse management will now …

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Sportech to appeal return of £93m tax rebate

The long running tax battle between Football Pools operator Sportech plc and Her Majesty’s Revenue & Customs (HMRC) is set to continue after Sportech announced that it has lodged an application for permission from the Upper Tribunal (Tax and Chancery Chamber) to appeal to the Court of Appeal in relation to the VAT repayment claim on the ‘Spot the Ball’ …

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Sportech hit by £93 million tax rebate reverse

Football pools, betting and horse racing operator Sportech has been ordered to pay back a £93 million (€115 million) tax rebate after the HM Revenue & Customs (HMRC) won its appeal against a VAT overpayment claim made by the operator. The rebate ruling, relates to Sportech overpayments claimed on “Spot the Ball” competition operated by Sportech subsidiary brand Littlewoods Pools …

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