Tag Archives: sportech

Sportech recovery driven by operational efficiencies

SBC News Sportech recovery driven by operational efficiencies

The governance of London-listed Sportech Plc has detailed confidence in the firm’s performance and future prospects as 2019 trading is forecasted to surpass ‘adjusted EBITDA expectations’. Updating investors, Sportech governance details that the company has benefited from ‘operational efficiencies’ implemented across the firm’s business channels, forming part of Sportech’s wider group transformation programme. During the course of 2019, the racing …

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Sportech becomes associate member of WLA

SBC News Sportech becomes associate member of WLA

International betting technology firm Sportech has been accepted as an associate member of the World Lottery Association (WLA) after it was recognised for providing gaming solutions to national lottery, pools lottery, and charitable sports raffle operators across North America. The announcement builds on Sportech’s latest lottery contracts in North America, Europe and the Caribbean, with the international gaming technology company making significant investment …

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Sportech H1 2019 revenues hampered by “venues’ challenges”

SBC News Sportech H1 2019 revenues hampered by “venues’ challenges”

International betting tech firm Sportech has published its interim results for the six months ended 30 June. The figures, which came in lower year-on-year, reflect an ongoing period of transition for the company as it moves towards a more digitized business, while removing cost to increase efficiencies. Revenue growth in Racing, Bump 50:50 and Lottery were all, it said, offset …

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SIS picks Sportech software for greyhound global pool

SIS

SIS (Sports Information Services) has struck a commingling totalisator agreement with Sportech to create and disseminate a worldwide pool for greyhound racing. The company said it will utilise Sportech’s Quantum™ System pari-mutuel betting software to offer the greyhound global pool, leveraging Sportech’s “unrivalled worldwide reach and expansive global commingling capabilities”.  Sportech, meanwhile, will also provide hosting and operational services of …

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Transforming Sportech appoints Richard McGuire as Group CEO

SBC News Transforming Sportech appoints Richard McGuire as Group CEO

Sportech Plc continues its governance and leadership restructure, confirming that Interim Group Executive Chairman Richard McGuire has accepted the position of Group Chief Executive on a permanent basis. McGuire has led the London-listed wagering and racing systems supplier since November 2018, following the departure of former incumbent Andrew Gaughan as Group CEO. This May, McGuire presented Sportech’s AGM update, detailing …

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Sportech delivers on ‘Ascot World Pool’ project

SBC News Sportech delivers on 'Ascot World Pool' project

London-listed racing and wagering systems supplier Sportech Plc has announced that it successfully delivered the new “Ascot World Pool’, completing a ‘commingling project’ undertaken for major racing stakeholders Betfred Totepool, Ascot Racecourse, and Hong Kong Jockey Club. Launched at Royal Ascot 2019, the World Pool is a pari-mutuel betting pool designed to maximize liquidity by combining wagers from global Ascot …

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Richard McGuire – ‘Transforming Sportech’ confident on US prospects and progress  

SBC News Richard McGuire – 'Transforming Sportech' confident on US prospects and progress  

Speaking at Sportech Plc’s annual general meeting (AGM), company Executive Chairman Richard McGuire has updated investors on the firm’s ongoing corporate transformation strategy seeking to deliver ‘longer-term profitability’. McGuire currently leads Sportech, following the departure of former Chief Executive Andrew Gaughan last November, as the LSE listed racing systems supplier detailed that it would miss 2018 corporate expectations due to …

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Ian Penrose backs ‘sports disruptor’ DataPOWA as non-exec Chairman

SBC News Ian Penrose backs 'sports disruptor' DataPOWA as non-exec Chairman

Industry figurehead Ian Penrose the former Chief Executive of London-listed Sportech Plc has backed new AI technology platform DataPOWA, a company seeking to revolutionise sports marketing. Penrose has become the technology firm’s Non-Executive Chairman, advising the enterprise as it develops its ‘POWA index’, a technology which will deliver global sports its first ‘data-driven real-time sports sponsorship value engine’. A twenty-year …

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Sportech closes year of US realignment recording £2.4 million loss

SBC News Sportech closes year of US realignment recording £2.4 million loss

London-listed racing and wagering systems supplier Sportech Plc has published its full-year 2018 results, detailing a year of corporate adjustments as the company continues to pursue its US growth prospects. Updating the market, Sportech records a 4% decline in corporate revenues to £64 million (FY2017: £66 million) having detailed last November that expected sales contracts did not materialise. Despite its …

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Sportech completes acquisition of LOT.TO

SBC News Sportech completes acquisition of LOT.TO

London Stock Exchange (LSE) listed Sportech PLC has completed its outright acquisition of iLottery systems and games provider  LOT.TO. The acquisition is set to provide Sportech with a new digital gaming vertical for iLottery, as well as enhancing its internal capacities incorporating LOT.TO’s product proven technology development teams. It intends to cement the racing and wagering systems provider’s global gaming …

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