LONDON (Alliance News) - Sportech PLC, a pool betting organisation, on Tuesday said it continues to make good progress and that trading remains in line with management expectations.
The company said that revenue across its racing and digital business are "slightly above" the prior year for the period from August 21 to November 9, while its venues business has seen betting volumes in line with expectations after it was hit in the first few months of 2015 by harsh winter weather in the US and the closure of the key Dania Jai Alai stadium for redevelopment.
Sportech had released its interim results and trading update on August 20.
Its football pools activities continue to trade in line with management expectations, Sportech said.
Meanwhile, Sportech said it will provide shareholders with an update once news emerges on a new date for a hearing on its GBP97.0 million value-added tax repayment claim for its 'Spot the Ball' competition.
The UK hearing had been due to take place on Monday this week, but was delayed due to a "lack of judicial availability". No new hearing date has yet been set.
Shares in Sportech were untraded on Tuesday morning at 54.50 pence.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.