Sportech making ‘good progress’ as trading remains on track
Sportech has revealed that it had made “good progress” during the period from August 21 through to November 9, stating that the company continues to trade in line with management expectations.
Although the pools operator stopped short of revealing financial figures, it did note that revenue across is Racing and Digital business are slightly up on the previous year.
The Sportech Ventures businesses have experienced betting volumes in line with expectations, despite the previously reported difficulties in the first few months of the year, while the company’s Football Pools business is also performing in line with expectations.
Sportech also confirmed that it has received more than one preliminary proposal in respect of the Football Pools and it intends to review these in due course.
This confirmation comes after iGaming Business reported yesterday (Monday) that Contagious Gaming had pulled out of talks regarding a potential acquisition of Sportech.
Sportech also said that it is yet to receive a new date for a delayed hearing of its appeal to the Court of Appeal in relation to a VAT repayment claim on its ‘Spot the Ball’ game.
The company said it will update shareholders in due course.
Related article: Contagious Gaming opts against Sportech offer