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Sportech PLC Ord 50P (SPO)

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22-Apr-2015 09:29 AM

Sportech improve contract terms

Sportech has materially improved the terms of a contract that was inherited on its acquisition of the Scientific Games Racing business in 2010. Ian Penrose, CEO of Sportech, said: "These material improvements to our contractual arrangements mean th
04-Mar-2015 07:36 AM

Sportech swings to FY pretax loss

Sportech has swung to a FY pretax loss to £21.3m, from a year-ago profit of £5.3m. Revenue was £104.1m, from £110.3m. No dividend was proposed. The company said that the statutory losses are the result of a £28.1m impairment charge that has rebased
16-Sep-2014 02:55 PM

Sportech VAT repayment decision reversed

Sportech's victory over a VAT repayment claim on its 'Spot the Ball' game has been overturned. The company - one of the world's leading operators and suppliers of pool and tote betting services - says it has an appeal brought before t
21-Aug-2014 07:37 AM

Sportech substantially improves H1 pretax profit

Sportech has substantially improved its H1 pretax profit to £87.8m, from £2.6m a year ago. Revenue totalled £52.6m, from £51.7m. "We are pleased with the progress we have made in the first half, and in particular with the strategic momentum we h
08-Jul-2014 07:40 AM

Sportech wins UK tote contract

Sportech is pleased to announce that its Racing & Digital division has been selected by Betfred to provide a comprehensive suite of new betting technology products to its Totepool business (previously known as The UK Tote). The ten year contract is expe
16-Dec-2013 07:36 AM

Sportech deal to see branded wagering in California

Sportech has signed an agreement with one of the governing bodies for horseracing in California, the Southern California Off Track Wagering, for a license allowing it to operate up to ten retail venues offering customers the ability to bet on horseracing
05-Dec-2013 07:43 AM

Sportech in joint venture with NYX

Sportech has signed a joint venture with NYX Gaming Group Limited to provide online products and services in the US for social and pay-to-play gaming. As US online gaming regulation evolves, the joint venture will be able to offer a full suite of gamin
04-Dec-2013 11:57 AM

Board changes at Sportech

Sportech has announced that Richard ("Rich") Roberts has been appointed as a non-executive director of the Company, with immediate effect. A US resident, he has many years' experience within the multi-platform entertainment industries deve
12-Nov-2013 07:49 AM

Sportech says trading in line with FY view

Sportech said it continues to perform operationally in line with expectations for the full year and has made substantial strategic progress during the period. It was well positioned to capitalise on future growth opportunities across its key markets. &qu
24-Oct-2013 03:59 PM

Sportech schedules trading update

Sportech, one of the world's leading operators and suppliers of pools and tote betting services, will be announcing its interim management statement on 12 November. At 3:59pm: (LON:SPO) Sportech share price was -1p at 89p Story provided by Stock
30-Sep-2013 09:15 AM

Sportech in US Daily Fantasy Sports JV with Picklive

Sportech and Picklive, the makers of the world's first live fantasy sports game, have established a joint venture to launch Picklive USA. Picklive USA is an innovative new gaming product targeting the rapidly growing U.S. fantasy sports market, wor
22-Aug-2013 08:27 AM

Sportech H1 pretax profit slips, revenue stable

Sportech's first-half pretax profit slipped to £1.9 million, from £3.2 million a year earlier. Revenue was broadly stable at £57 million, from £57.7 million. Sportech is an operator and supplier of pools and tote betting services. "The Uni
24-Jul-2013 01:20 PM

Sportech's US arm wins PNGI contract

Sportech's US division, Sportech Racing, has signed a contract with Penn National Gaming Incorporated, the largest owner and operator of racetrack and associated betting facilities in the US. The contract is for six years with potential for two one-
20-Jun-2013 11:13 AM

Board change at Sportech

Sportech has announced that Mor Weizer, who represented Playtech on its Board, has resigned. This followed Playtech's recent disposal of its shareholding in the company to below 10%. At 11:13am: (LON:SPO) Sportech share price was -1.5p at 80.5p
31-May-2013 03:28 PM

Sportech welcomes HMRC decision

Sportech has announced that HM Revenue & Customs' permission to appeal to the Upper Tribunal against the decision of the First-tier Tax Tribunal has been refused. HMRC has the option of applying to the Upper Tribunal for permission to appeal agains
14-May-2013 07:36 AM

Sportech current trading starts well, in line with view

Sportech said its trading in the current financial year has started well and is in line with expectations, although net debt had increased slightly following capex and marketing spend. It said the Tote Services division was performing well, with successf
06-Mar-2013 07:54 AM

Sportech FY revenue, pretax profit down

Sportech booked falls in its full-year revenue and pretax profit as it continues to transform into an international sports, gaming and entertainment business. Its revenue for the period was £112.0 million, from £118.2 million. Its pretax profit was £2
31-Jan-2013 09:32 AM

Sportech names Cliff Baty as CFO

Sportech has appointed Cliff Baty as its chief financial officer, effective from May 13, 2013. At 9:32am: (LON:SPO) Sportech share price was +0.75p at 74.5p Story provided by StockMarketWire.com...
29-Jan-2013 08:36 AM

Sportech FY in line, VAT case decision delayed

Sportech said it had performed in line during the year to end-December 2012, but that a decision on its up to £80 million VAT repayment claim had been delayed. "Good performances from our US venues and racing operations and our Football Pools busin
20-Dec-2012 07:48 AM

Sportech acquires eBet Online for £7.8m

The Board of Sportech announces the acquisition of eBet Online, a leading US business to business online betting operator and technology and services provider focused on the North American horseracing betting market. Total consideration, dependent upon
08-Nov-2012 09:45 AM

Sportech trading in line with expectations

Sportech, operators and suppliers of pools and tote betting services, reports that the Group is trading in line with the Board's expectations for the full year with operational progress being made in all areas of our business. Trading in the Tote s
08-Oct-2012 12:57 PM

Sporttech forms betting link with Longitude

Sportech has signed a strategic technology services agreement with Longitude for exclusive distribution of its single pools product within Europe and India for sports pool betting. The Longitude technology, which was developed in the highly demanding s
24-Jul-2012 01:57 PM

Sportech schedules interims

Sportech - one of the world's leading suppliers and operators of pool/tote betting - will announce its interim results for the six months to the end of June on 23 August. At 1:57pm: (LON:SPO) Sportech share price was +0.5p at 56.5p Story provid
11-May-2012 09:30 AM

Pierce resigns from Sportech board

The Board of Sportech announces that Brooks Pierce, Executive Director responsible for business development, has resigned with immediate effect to pursue other business interests. At 9:30am: (LON:SPO) Sportech share price was -0.5p at 50.5p Story
07-Mar-2012 08:11 AM

Sportech returns to profit for the year

Sportech's performance for the year to end of December 2011 shows a marked improvement on the previous year as the company moves from loss to profit. The pools and tote betting organisation saw revenue increase by 66% to £118.2m (2010: £71.2m) an
 
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