Tag Archives: sportech

Sportech confident of EBITDA positive year results despite Lindley CEO exit

Sportech Plc has issued a business update, informing investors that Andrew Lindley has chosen to step down as Chief Executive of the London AIM wagering and racing systems provider.  Investors were informed that Lindley would not stand for re-election as company leader ahead of today’s AGM. Lindley’s departure comes less than a year in charge of Sportech, in which he …

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Richard McGuire to serve as Chairman of new look Sportech 

Sportech Plc has announced that Giles Vardey has decided to end his tenure as Non-Executive Chairman of the London AIM-listed wagering and racing systems supplier.  Last week, Vardey notified Sportech’s board of directors that he would not seek re-election as chairman of the company, a position that he had served since July 2019. Former Sportech Chief Executive Richard McGuire (2019-to-2021) …

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Sportech lauds slimmed profile to net £34m profits 

Sportech Plc has backed its ongoing transformation strategy and focus on cost management, as the London AIM-listed racing and wagering systems provider declared statutory profits of £34.6m today. The much-improved bottom-line results see the firm reverse full-year losses of £12m recorded during 2020 trading.  2021 developments saw Sportech complete the disposals of its Global Tote business to BetMakers –  Bump …

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Sportech secures $14.5m via lottery supply contract sale

BetBright

Sportech has announced the sale of its lottery supply contract with Loteria Electronica International Dominicana S.A. (Leidsa) to Inspired Entertainment for a total consideration of $14.5 million. The transaction will see Inspired take on responsibility for the provision of all lottery support services to Leidsa from LSE-registered betting and gaming tech firm Sportech, in what the latter firm lauds as …

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Raj Sanjanwala selected as new COO for BetMakers’ Global Tote division

Global Tote, a division of BetMakers Technology Group, recently announced the appointment of Rajen “Raj” Sanjanwala to the role of Chief Operating Officer.  Praised as an experienced technology professional with extensive experience in the international pari-mutuel wagering industry, Sanjanwala previously served as the Head of Tote Development for Sportech Racing and Digital, and most recently as Chief Technology Officer for …

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Strong H1 sees Sportech laud its ‘profits first’ identity

Sportech Plc has outlined its transformed organisation that is refocused on delivering a stronger balance sheet performance and profits for investors.  Publishing its first interim results as a London AIM listed enterprise, Sportech registered group revenues to £13.5 million up 70% on corresponding 2020 results of £7.9 million.  Period growth was attributed to Sportech’s 11 US Venue subsidiaries that registered …

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Sportech announces new leadership as McGuire and Hearne exit re-sized business

Sportech Plc has this morning confirmed that its leadership team of Richard McGuire (CEO) and Tom Hearne (CFO) will step down following the release of the company’s interim results on 9 September. The duo will be replaced by Sportech COO Andrew Lindley, who will serve as new CEO, supported by the promotion of Group Financial Controller Nicola Rowlands to CFO. …

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Sportech begins its lightened tenure on London AIM

Sportech Plc has confirmed that it has completed its full public listings migration onto the London AIM exchange.  As of 8:00 AM this morning, the London AIM accepted the admission of Sportech shares priced at 20 pence each, with the wagering and racing systems supplier maintaining its ‘SPO’ ticker. Sportech’s listings migration was first proposed last June, as the company’s …

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BetMakers further enhances racing content via SIS and RMG partnership

BetMakers has signed a multi-year partnership with Sports Information Services (SIS) and the Racecourse Media Group (RMG) covering live streaming of British and Irish horse racing vision and wagering content. As a result of the deal, BetMakers will act as an authorised supplier of vision and content held under rights by SIS and RMG to approved Australian corporate sports betting …

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BetMakers acquires Sportech to accelerate international growth

BetMakers has taken another step in delivering its international growth strategy by finalising the purchase of Sportech’s Racing, Tote and Digital assets. The acquisition covers Sportech’s racing, tote and digital assets in the US, UK and Europe, widening the operator’s international customer base, as well as bolstering its position in the expanding US market. Integration of Sportech’s assets is also …

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