Sportech trades in line YTD
31st May 2022 07:30
(Sharecast News) - Online gambling business Sportech said on Tuesday that its year-to-date trading performance was in line with internal expectations.
Read moreSportech signs Connecticut sports betting deal
13th Aug 2021 08:40
(Sharecast News) - Sportech has signed a deal with Connecticut Lottery Corporation that will allow the UK company to enter the state's retail sports betting market.
Read moreSportech signs Connecticut sports betting deal
13th Aug 2021 08:40
(Sharecast News) - Sportech has signed a deal with Connecticut Lottery Corporation that will allow the UK company to enter the state's retail sports betting market.
Read moreSportech agrees to sell Sports Haven property
16th Nov 2020 10:18
(Sharecast News) - Sports betting technology business Sportech has agreed the conditional sale of its Sports Haven property in New Haven, Connecticut, to Criterion Group for $6.75m (£5.1m) in cash.
Read moreSportech rejects £54m approach from US hedge fund
6th Nov 2020 08:03
(Sharecast News) - Sportech has rejected a £54m takeover approach from US hedge fund Standard General because the potential offer undervalued the company.
Read moreSportech set to top earnings forecasts
25th Nov 2019 09:17
(Sharecast News) - Betting technology business Sportech said on Monday that it expects full-year adjusted underlying earnings to exceed expectations after driving operational efficiencies through all of its business lines.
Read moreSportech narrows statutory loss as it seeks to expand in US
21st Mar 2019 14:55
(Sharecast News) - Betting technology provider Sportech reported a 3.9% fall in revenue in its final results on Thursday, to £63.7m.
Read moreSportech losses widen as revenue and margins contract
22nd Aug 2018 09:25
(Sharecast News) - Sportech saw losses widen across its first trading half as its margins shrank and its revenues slipped.
Read moreDirector dealings: Sportech's investment banker sees value in pools
7th Nov 2016 13:55
(ShareCast News) - Sportech director Richard McGuire has made a £200,000 punt on the company's shares a week after it walked away from talks to sell off its Football Pools business. Non-executive director McGuire, a veteran investment banker with stints at Citigroup, HSBC and Ballie Gifford, purcha
Read moreSportech enters exclusivity on Football Pools disposal
13th Sep 2016 14:22
(ShareCast News) - Sportech announced on Tuesday that it has entered into exclusivity with Burlywood Capital over the proposed sale of The Football Pools for a total cash consideration of £97.25m, on a debt free, cash free basis. The London-listed firm said Burlywood's management team proposes to ap
Read moreSportech sees sales slide at half-year stage
24th Aug 2016 15:26
(ShareCast News) - Profits at Sportech tumbled at the half-year stage, as sales declined at all of its three units and the company invested in its football pools business. For the six months ending on 30 June, the sports gaming specialist and football pools operator said revenues were off by 5% to £
Read moreSportech gets £93m VAT repayment from HMRC but appeal awaits
29th Jun 2016 09:51
(ShareCast News) - Football pools and horse-racing pari-mutuel systems specialist Sportech has potentially hit the jackpot with the UK tax office, taking payment of £93m after winning a seven-year tax battle over its "Spot the Ball" game. However, the money could have to be repaid if Her Majesty's R
Read moreSunday newspaper round-up: GSK, Sainsbury's, BT, Imagination Technologies
21st Feb 2016 17:23
(ShareCast News) - Financial institutions in the City of London are fairly pleased with David Cameron's agreement with the European Union ahead of June's referendum as it looks to have secured the Square Mile from excessive further Brussels red tape. A potentially painful sticking point has been avo
Read moreSportech confident ahead of future despite decline in interim revenues
20th Aug 2015 14:24
(ShareCast News) - Pool betting operator Sportech reported a sharp decline in interim pre-tax profit and a slight decline in revenue in the first half of the year. In the six months to 30 June, the London-listed company saw its pre-tax profit plunge from 87.8m in the corresponding period in 2014 to
Read moreWednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read more