Sportech PLC today announced that it had been granted permission by the UK Court of Appeal in relation to its VAT repayment claim regarding its “Spot the Ball” competition. Sportech is set to further challenge the UK tax authorities relating to tax claims worth more than £90 million. The company issued a short corporate statement this morning stating that a …
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Sportech’s MyWinners.com launches acquisition programme with Income Access
MyWinners.com, the only website legally permitted to offer online horse-racing wagering to players in the state of Connecticut, has announced a partnership with Income Access, an iGaming-focused technology and digital marketing services provider. As part of the marketing partnership, MyWinners.com’s new affiliate program will integrate with Income Access’ platform and will be managed by the company’s acquisition specialists, who will …
Read More »Football Pools offers Xtra
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 …
Read More »Football Pools refreshes brand & image with Someone London
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 …
Read More »Sportech agrees double Nebraska deal
Sportech Racing & Digital has agreed to supply Nebraska’s Lincoln Race Course and Horseman’s Park racecourses with digital and land-based betting provisions, as the pools betting provider expands its services in the USA. Both racecourse are operated by Omaha Exposition and Racing, who approached Sportech Racing & Digital to be its tote and pari-mutuel betting partner. Racecourse management will now …
Read More »Sportech to appeal return of £93m tax rebate
The long running tax battle between Football Pools operator Sportech plc and Her Majesty’s Revenue & Customs (HMRC) is set to continue after Sportech announced that it has lodged an application for permission from the Upper Tribunal (Tax and Chancery Chamber) to appeal to the Court of Appeal in relation to the VAT repayment claim on the ‘Spot the Ball’ …
Read More »Sportech hit by £93 million tax rebate reverse
Football pools, betting and horse racing operator Sportech has been ordered to pay back a £93 million (€115 million) tax rebate after the HM Revenue & Customs (HMRC) won its appeal against a VAT overpayment claim made by the operator. The rebate ruling, relates to Sportech overpayments claimed on “Spot the Ball” competition operated by Sportech subsidiary brand Littlewoods Pools …
Read More »US now Sportech’s most important market
Football Pools operator Sportech now derives over half its income from its horseracing interests in the US. In its interim results, Sportech revealed that it generates 64% of its revenues from US-based business interests. Revenue rose for the first six months of the year rose 1.7% to £52.6m on a constant currency basis, although EBITDA was slightly down to £12.0m. …
Read More »Sportech partners with Illinois racecourse
Sportech Racing and Digital, a subsidiary of UK-listed gaming operator Sportech, has agreed a deal to supply Illinois’ Hawthorne Race Course with a range of online and land-based betting products. According to a report on industry news portal Gaming Intelligence, Sportech will provide Hawthorne with a totalisator and related services over a ten-year period, as well as a full suite …
Read More »Sportech secures £9m Totepool contract
Sportech‘s Racing & Digital division has been selected by Betfred to provide a comprehensive suite of new betting technology products to its Totepool business. The ten year contract is expected to be worth over £9m in total revenues. Totepool currently holds the exclusive licence to operate all Tote betting on British horseracing. Under the agreement, Sportech will replace Betfred’s entire …
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