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Business
September 11, 2023
Sportech to Depart from the AIM and Re-Register as a Private Company
Sportech considers departing from the London Alternative Investment Market (AIM) and re-registering as a private limited company. The delisting proposal follows a thorough evaluation of the company’s business by the board of directors, which explored potential benefits and drawbacks. The review acknowledged “significant burdens”, both financial and non-financial, associated with Sportech’s status as a public […]
Business
January 24, 2023
Sportech Optimistic for 2022 Numbers in 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 […]
Sports
August 24, 2022
Sportech Appoints Paul Humphreys as NED
Global betting technology business with exclusive licenses in Connecticut Sportech has strengthened its board with a new independent non-executive director. Effective September 2022, Paul Justin Humphreys will be joining the company’s other three board members. Who will Humphreys be joining and what recommends him for the position? Let’s find out! 30+ Years of Main Board […]
Business
May 26, 2022
Ben Warn to Step Down from Sportech Board
Ben Warn has chosen to step down as a non-executive director from the board of directors of Sportech. This will happen on May 31 when his stint will be officially over and the man will not seek reelection. He became a Sportech member back in June 2020 and has been an important part of the […]
Industry
January 5, 2022
Sportech Finalizes Sale of Leidsa Interest to Inspired Entertainment
UK-based online gambling and entertainment company Sportech has finalized the sale of its interest in the Dominican Republic lottery (Loteria Electronica Internacional Dominicana) to Inspired Entertainment. Sportech Sells Leidsa Interest for $14.5M The deal was valued at $14.5 million and immediately boosted the share price of Sportech by more than five percent. Out of this […]
Business
August 27, 2021
Sportech Announces New CEO and CFO Amid Internal Reforms
International betting technology business Sportech is undergoing inner restructuring in the wake of the company’s downsizing. As a result, Richard McGuire and Tom Hearne will be leaving their respective positions as chief executive officer (CEO) and chief financial officer (CFO). This was announced by Sportech this morning. Sportech’s CEO and CFO Leaving Sportech’s chairman, Giles […]
Industry
August 9, 2021
Sportech Unveils Tender Offer for Buying $49.2M in Shares
On Friday of last week, Sportech, the sports betting technology company, announced the launch of a proposed tender offer. With the tender, the company plans to return up to $49.2 million to shareholders. Sportech Launches Tender Offer Sports betting technology company Sportech PLC announced the launch of a proposed tender offer on Friday of last […]
Business
July 28, 2021
Sportech Completed Transition from LSE to AIM
Sports betting technology supplier Sportech announced its transition from the London Stock Exchange (LSE) to the smaller London AIM exchange is now complete. Migration to AIM Complete Sportech informed all interested parties that, as of the start of the trading day today, Sportech common shares were admitted to trading on the London AIM exchange under […]
Business
June 7, 2021
Sportech Board Proposes Main Market LSE Delisting, AIM Admission
Betting technology business Sportech announced a proposal from its Board of Directors involving the de-listing of the company’s shares from the Main Market of London Stock Exchange (LSE) and enlisting them to trade on AIM. AIM More Suitable to Sportech The Board of Directors’ proposal also involves the company’s ordinary shares of 20 pence each […]
Business
December 29, 2020
Shareholder Vote Clears BetMakers’ Way to Acquire Sportech
Horse racing betting technology supplier BetMakers Technology Group announced today in a filing to the Australian Stock Exchange (ASX) the remaining obstacle on the way to completion of the acquisition of Sportech’s racing and digital assets has been cleared, after shareholders of the online sports betting company voted in favor of the transaction. Shareholder Approval […]