- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
Sportech Optimistic for 2022 Numbers in Pre-close Update
Sportech has expressed confidence in surpassing expected financial figures for 2022 in a pre-close update

The global betting and technology company has announced its pre-close trading update in relation to the financial year that ended on December 31, 2022. Sportech praised its gross gaming revenue for the previous year, with emphasis on its sports betting vertical’s strong and constant performance.
Food and Beverage Revenue Growth, Lower Operational Costs
The company that operates a series of gaming venues in Connecticut also mentioned the excellent growth in its food and beverage revenue while mentioning the significant cut in its group operational costs.
The business also spoke about the strong performance of its operations since it released its interim results last September. Sportech expects all these elements and factors combined to generate better-than-expected performance figures for 2022.
EBITDA, “Ahead of Market Consensus”
The company expressed confidence in the performance of its full-year adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) which is likely to be situated “ahead of market consensus”. Plus, shareholders may receive more of their capital back during the first half of 2023 thanks to the solid net cash figure recorded at the end of last year.
During the first half of 2022, the group’s adjusted EBITDA recorded an improvement to £0.3 million ($0.36 million), as compared to the adjusted EBITDA loss of £0.9 million ($1.1 million) recorded in H1 2021.
Sportech recorded a profit of £34.5 million ($42.3 million) and revenue of £22.9 million ($28.1 million) in 2021 after selling a large number of business divisions. The list includes the Global Tote business that the group sold to Betmakers and the sale of Leidsa Interest to Inspired Entertainment.
Very Positive Outlook for 2023 and Beyond
The company’s executive chairman Richard McGuire spoke about the ongoing expansion and evolution of the group, paired with their desire to keep providing fresh opportunities for growth. McGuire also explained the company was still busy strengthening its ties with its betting partners while “aggressively reshaping non-operational costs”, aligning them with the group scale.
The executive chairman with a solid history of company mergers, restructuring, and acquisitions along with expertise in commercial real estate management and gaming called Sportech’s outlook a very positive one for the current year and beyond that.
He further explained the group will keep discussing its “future business structure with key shareholders” to make sure everything perfectly matches the board’s objectives and goals for all divisions and the group in itself.
Sportech’s preliminary numbers for 2022 will be made public sometime in April.
After finishing her master's in publishing and writing, Melanie began her career as an online editor for a large gaming blog and has now transitioned over towards the iGaming industry. She helps to ensure that our news pieces are written to the highest standard possible under the guidance of senior management.
Previous Article
Business
January 24, 2023
ICE Consumer Protection Zone on Track to Hit Fund-Raising Target
Must Read
Business
September 11, 2025
Playtech Posts Solid H1 Results “Ahead of Expectations”
Business
September 11, 2025
Caesars’ Online Business Could Be Worth More Than Parent Company
Business
September 12, 2025
Webis Holdings Forms Strategic Partnership with XST Capital Group
More Articles
Business
September 16, 2025
Kaizen Gaming Hires HR Powerhouse as Chief HR Officer
Sports
September 16, 2025
Texas Sees Surge in Sports Betting via DFS and Prediction Apps
Sports
September 16, 2025
Better Collective Introduces AI Betting Tool to Keep Users Engaged
Sports
September 16, 2025
Prediction Markets Face Legal Uncertainty as US States and Courts Weigh In
Sports
September 16, 2025
Washington Warns Gambling Among Teenagers Is on the Rise
Industry
September 15, 2025
Rumors Say Polymarket Considers $9B Valuation While Kalshi Targets $5B
Business
September 15, 2025
Bragg Gaming Secures New Financing Deal to Boost Growth
Sports
September 15, 2025
Massachusetts Sues Kalshi Over Alleged Unlawful Sports Betting
Industry
September 15, 2025
Curaçao Regulator Takes BC.Game License Revocation Off Public List
Industry
September 15, 2025
Lawmakers Try Again to End Federal Sports Betting Tax
Industry
September 12, 2025
Animo Launches Next-Gen Live Gaming with Animated Hosts on Stake