Online Betting Company's Earnings Boosted by US Payday
The online gambling Company Sportech has reported a half-year, pre-tax profit, of £7.1m, this is up from the £0.8m reported at the same time last year.
The company, ho has a total market capitalisation of £139.21m, also reported a decline in revenues, this is £51m down by 6.1% on the £54.3m reported the previous year.
The disposal of SNG - a gaming venture that is based in New Jersey - gave a major boost to Sportech's coffers, his was priced at £8.1m pre-tax.
Chief Executive of Sportech, Ian Penrose, said that they have built a portfolio of businesses in the US and the UK that are highly regulated, and they have continued with investment in each of the businesses to add innovation and technological improvements. He continued that hey were well positioned to building on their unique position, this is based on their regulated pools and racing operations.
Shares in this gambling company have risen by 0.75% at 67.50p.