Sportech PLC AGM Trading Update (8842A)
2023年5月30日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
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RNS Number : 8842A
Sportech PLC
30 May 2023
30 May 2023
SPORTECH PLC
('Sportech' or the 'Group')
AGM Trading Update
Strong start to the year
Sportech, an international betting and technology business,
announces a trading update ahead of its Annual General Meeting
('AGM') to be held at 12.00 p.m. today at Shakespeare Martineau,
6th Floor, 60 Gracechurch Street, London, EC3V 0HR.
Trading Update
In the first four months of the year, trading has been in line
with the Board's expectations. Sports betting continues to
experience a stable rate of growth, supporting the operational cost
base of the business.
Betting Handle was +5.28% at US$68.7m (2022: $65.2m).
Telebetting and online Pari-Mutuel betting eased from pandemic
record levels, resulting in aggregate Pari Mutuel handle easing
5.15% to $32.3m (2022: $34.0m), despite betting handle growth from
the physical locations. Sports Betting handle grew an impressive
+16.7% to $36.4m (2022: $31.2m). In addition, US Sports Betting
hold is ahead of budget to date.
The above underpins the Board's optimism for achieving full year
expectations, which includes generating positive Group EBITDA.
The Board are evaluating numerous opportunities presently with
regard to Group cash and will update the investors and the market
in due course.
The results of the AGM voting will be released today, following
the AGM and posted to the Company website:
https://www.sportechplc.com/investors/shareholder-information/meetings-and-voting/
Richard McGuire, Executive Chairman, said:
"We are delighted to share the news of our strong start to the
year, which can be attributed to the outstanding efforts of our
management team. By capitalizing on our exclusive pari-mutuel
betting license, we have successfully tapped into a new demographic
of sports betting enthusiasts, opening up valuable cross-selling
opportunities. The addition of sports betting as part of our
product range has played a pivotal role in ensuring the financial
stability of our Venues and paving the way for fresh avenues of
growth.
Our entire team is unwavering in our commitment to enhancing our
business and delivering maximum value to all stakeholders involved.
With great anticipation, we look forward to collaborating with the
new Connecticut sportsbook provider as we approach an exciting
period brimming with potential for collective success."
Contacts:
Sportech PLC
Richard McGuire, Executive Chairman ir@sportech.net
Clive Whiley, Senior Independent Director
Peel Hunt (Corporate Broker and NOMAD Tel: +44 (0) 20 7418
to Sportech) George Sellar / Andrew 8900
Clark / Lalit Bose
Notes to Editors:
About Sportech
Sportech operates in the gaming market and has two main
businesses. Firstly, it runs Sports Bars and other betting venues
in Connecticut, USA, where it has an exclusive license to offer
pari-mutuel wagering, it also has a distribution agreement with the
Connecticut Lottery Corporation to provide retail sports betting.
Secondly, Sportech provides online gaming through two separate
lines of business. Mywinners.com operates under an exclusive
license to offer pari-mutuel betting online in Connecticut, while
123bet.com offers pari-mutuel betting online across the wider
USA.
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END
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May 30, 2023 02:00 ET (06:00 GMT)
Sportech (LSE:SPO)
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Sportech (LSE:SPO)
過去 株価チャート
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