Tag Archives: sportech

Lorne Weil steps down from Sportech board

SBC News Lorne Weil steps down from Sportech board

Sportech PLC has announced that Lorne Weil has resigned from the operators board with immediate effect.  The announcement comes as the operator is set to undertake a corporate re-alignment of senior management responsibilities. Sportech confirmed that Weil, will remain in contact with the company in an advisory position, as the operator undertakes its re-alignment and looks for his replacement. Weil, …

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Sportech and Rank Group to fight for VAT returns

Sports betting operators Sportech and Rank Group may be rewarded with UK tax returns concerning corporate claims for refunds on overpaid UK VAT. Both operators have applied for UK High Court hearings regarding tax rebates on overpayments made by the operator to the UK government. Further positive news for the operators saw the UK High Court ruled that refunds for …

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US business boosts Sportech

SBC News US business boosts Sportech

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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Sportech Announce Strategic Progress in 2013

SBC News Sportech Announce Strategic Progress in 2013

Sportech – tote pool and sports betting operator announced in an interim management statement, that the company had undergone ‘substantial strategic progress’ during the third quarter of 2013, allowing the company to place itself for future growth opportunities.. Sportechs racing operations posted a betting revenue of $160 million (€118.5 million) for the period ending September 31. The company had witnessed …

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