10th Nov 2016 09:03
LONDON (Alliance News) - Pool betting company Sportech PLC on Thursday said trading in the second half of 2016 has been in line with its expectations, with solid performances in its Football Pools and Racing & Digital units.
Sportech said the Football Pools business has been trading in line in the second half of the year, with core revenue broadly flat and revenue and player numbers from its digital channels rising.
Last week, Sportech said it had ended talks to sell the Football Pools business to investment house Burlywood Capital LLP, saying Burlywood had been "unable to conclude the transaction set out within their proposal".
Sportech's Racing & Digital gaming technology business continued to work on implementing its betting systems at the Macau Jockey Club in September, while its North American Bump 50:50 lottery and raffle systems unit scored deals with major sporting teams, including American football franchises the Dallas Cowboys and the San Francisco 49ers.
"The group continues to make good progress, and trading remains in line with management expectations," Sportech said.
Shares in Sportech were up 1.1% to 72.00 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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