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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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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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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Tote betting service provider Sportech has refinanced its bank debt and doubled new player recruitment within Football Pools, the firm today revealed. The UK based sports gaming company processes over $13 billion (£7.7bn) in bets annually, and has a presence in 30 countries throughout mainland Europe and North America. It recently opened a sports bar and betting venue in Connecticut, …
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Sportech chief executive Ian Penrose said that the company remains ‘well positioned for future growth’ in the US market and that the company has entered 2014 with confidence. Penrose made the statement during Sportech’s preliminary results for the year in which revenue grew slightly to £110.3m, as did EBITDA to £26.0m, although adjusted profit before tax was slightly down to …
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