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IN BRIEF: Sportech Says Spectator-Free Sporting Events A Problem

Fri, 26th Jun 2020 14:46

Sportech PLC - betting technology company based in Bristol - Says second quarter revenue impacted in all business areas but has managed to agree new pacts and extend others. Worked with betting pool operator UK Tote Group during recent Royal Ascot horse racing meet. Adds that lack of spectators in sporting events will be difficult for Bump 50:50 software unit.

Current stock price: 18.92 pence

Year-to-date change: down 42%

By Eric Cunha; ericcunha@alliancenews.com

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5 Dec 2011 16:12

ITE chief sells shares to cover tax

Russel Taylor, chief executive of exhibitions and conferences firm ITE, has sold £232,228-worth of shares in the firm just days after the firm saw full revenues and profits jump as its sector defied the general economic gloom. Taylor, who joined the firm in 2003 and took up his current role in 2008

24 Aug 2011 15:51

Thursday preview: Glencore, Diageo, Playtech

The flotation of Switzerland-based commodities trading house Glencore International back in May has been one of the more high profile new issues of the year, but since it went public the company has not covered itself in glory. Having floated at 530p, the shares can now be bought for around 390p, a

21 Jul 2011 13:13

Strong cash flow and reduced debt boosts Sportech

Sportech's shares advanced 2% higher after the pools and tote gaming operator said it had generated strong cash flow and reduced debt during the six months ended 30 June. During the period, Sportech said its net bank debt has been reduced by a further 10% or £7m to approximately £65.2m and added th

12 May 2011 12:56

Sportech says trading in line with expectations

Sportech said it was trading in line with expectations but faced significant opposition to its directors' remuneration report at its annual general meeting on Thursday. The company, which operates and supplies football and horse racing pools betting in over 30 countries, announced it had been award

25 Jan 2011 06:46

Tuesday tips round-up: Sportech, Premier Foods, All Leisure...

Yesterday's trading statement from pools company Sportech showed a company in decent health, with earnings set to be in line, while (highish) debt has slowly been coming down. A bid for the Tote could light a fire under the operation, although there's a crowded field of bidders so don't hold your br

24 Jan 2011 11:27

Small caps round-up: All Leisure, Wasabi Energy, Nexus...

Cruise operator All Leisure lost £2.1m in the year ended 31 October compared with a profit of £2.7m in 2009 because of one-off charges linked to the valuation of derivative used for hedging purposes. Turnover rose 12% to £82.6m thanks to a full-year contribution from Hebridean Princess and a first

18 Nov 2010 17:07

Sportech focuses on cash

Betting and gaming firm Sportech says trading is in line with expectations and it is focusing on cash generation. The acquisition of Scientific Games Racing has been completed and the business renamed Sportech Racing. The Football Pools has been launched on Ladbrokes.com and an agreement has bee

30 Jun 2010 14:18

Sportech Making Progress With Regulatory Authorities In North America

LONDON (Dow Jones)--Sportech PLC (SPO.LN), said today that it continues to make good progress with the regulatory authorities in North America, and has reached an advanced stage in obtaining regulatory clearance in the Netherlands. MAIN FACTS: -Sportech is confident that the transaction will

30 Jun 2010 14:08

Sportech Plc Update Re Proposed Acquisition Of Sgr

TIDMSPO RNS Number : 5408O Sportech PLC 30 June 2010 ? Sportech Plc ("The Group") Update on the Proposed Acquisition of Scientific Games Racing ("SGR") Further to the announcement on 13 May 2010, in which it was stated that completion of the acquisition of SGR r

25 Mar 2010 12:11

Small caps round-up: Sportech, Liontrust, DQ...

Losses rose at football pools group Sportech last year after heavy asset write-downs and gross win falling 10% to £64.6m. Pre-tax losses in 2009 were £17m after £25m of one-offs. Underlying operating profits fell to £19.5m from £22.6m. "That the decline in profitability is due, primarily, to our co

27 Jan 2010 08:31

Sportech to buy SGR for up to $83m

Football pools company Sportech has agreed to buy SGR, a provider of pari-mutuel wagering services and systems, for up to $83m. The consideration will comprise an initial consideration of $65m payable at completion, deferred consideration of $10m payable on 30 September 2013 and further deferred co

15 Jan 2010 11:15

Small caps round-up: AbbeyCrest, Asterand, Sportech ...

Jewellery designer and manufacturer Abbeycrest said trading has been strong since August, despite the depreciation of the Hong Kong and Thai currencies and the high gold price. Shares in Asterand fell back after the human tissue sampler said the delay of a £700,000 order would affect 2009 results.

6 Jan 2010 08:04

Daily Mirror to run Sportech's Pools and Spot the Ball

Sportech, the football pools company, has done a deal to reintroduce the Pools and Spot the Ball to the Daily Mirror. The company said it has secured a distribution deal with Trinity Mirror Group newspapers to get The Football Pools (trading as The New Football Pools) into its regional and national

4 Jan 2010 08:04

Sportech agrees revised £91m banking facility

Football pools firm Sportech said it has agreed a revised £91m banking facility with its lender Lloyds Banking Group to fund growth plans. "The revised facilities give the group the flexibility it requires to develop organically as well as providing it with the ability to take advantage of other a

20 Nov 2009 00:38

Growth to slow at Sportech

Football pools firm Sportech expects profits to grow again this year but not at the rate previously anticipated. The traditional 'direct to home' side of the football pools business has remained resilient but the online version, while it has been attracting more registered customers, has seen weake

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IN BRIEF: Sportech Says Spectator-Free Sporting Events A Problem

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