Sportech Share Discussion Threads

[stephan1946] 02/3/2015 19:51

Well that's alright then, any rights issue would be understandable under those circumstances or a cash call. After all we do have a possible windfall of £93m coming our way.

Problem with the VAT payment that may come our way is two-fold, 1. debt is mounting all the time on bottom line(look for that in figures) 2. If the result goes SPO way, legal costs will take 30% minimum(that's how no win no fee works).

Wednesday results are likely to be, "interesting"

[nod] 02/3/2015 18:25

In mid-November SPO said the results were slightly down due to a strong pound. This was reversing at the time and the U.S. Dollar continued to strengthen against GBP. Around 65% of SPO's revenue comes from the USA. Early in 2014 was hit by very bad weather in the eastern USA. This is likely to be reported again for 2015 unfortunately.

[stephan1946] 28/2/2015 19:55

Results Wednesday, I fancy a rights issue is about due, or some sort of cash call. I see considerable losses here, could be wrong, but I doubt it. Experience of this operation makes me very wary.

The Resorts casino is a bummer and is in the last chance saloon clutching at straws, hope I am wrong for the sake of P.I`s.

[nod] 28/2/2015 17:46

The licence is the first real money online gaming for SNG/Sportech in the USA. A significant milestone."This certification is highly significant in the US market and confirms that SNG is compliant with the Division of Gaming Enforcement.As a result, SNG is provisionally permitted to offer real money gaming online to customers accessing the online system physically from within the state of New Jersey.Sportech chief executive Ian Penrose said: "This is an important step in Sportech's strategy to evolve from being a world leader in pool betting to holding a leading position in the developing US and global gaming industry."We are now processing bets in the largest US state to have legalised online gaming to date."Our joint venture with NYX for real-money gaming and play for fun platforms will be made available to both our existing and new customers in the US and Canada as regulation permits."

[stephan1946] 27/2/2015 11:33

And the take as a whole is $3-4m between resorts, pokerstars, sportec. marvellous.

[nod] 27/2/2015 11:31

Penrose: "This is an important step in Sportech's strategy to evolve from being a world leader in pool betting to holding a leading position in the developing US and global gaming industry. We are now processing bets in the largest US state to have legalised online gaming to date."

[trentendboy] 21/2/2015 09:00

Nice finish.

With US regulation, POC tax fears falling away and still a VAT chance things are looking up.

STill underwater but a great recovery in the last month

[nod] 21/2/2015 04:12

Resorts Casino to Launch igaming Platform in New JerseyFebruary 20th, 2015 | by Greg ShaunNew Jersey gets another igaming platform.Feb. 20, 2015 UPDATE: Apparently, the Resorts Online launch has been put on hold. A countdown message disappeared from the site, and the New Jersey Division of Gaming Enforcement has removed the site from its officially sanctioned list as well.No reasons for the delay have been given. We will continue to follow the story.Atlantic City's first live casino, Resorts, is set to become the city's newest online gaming platform later this month.Following a preliminary licensing hearing with New Jersey's Division of Gaming Enforcement (DGE), the casino, which is backed by SNG Interactive (comprised of Sportech and the NYX Gaming Group), has been given the green light to go live this month.Despite being a relative latecomer to New Jersey's igaming scene, Resorts believes its team of experts will help give it an edge in the market. In fact, the relationship with Sportech, which is a UK-based company specializing in horseracing and pools betting, will give what Resorts has described as the "largest selection of casino slots and tables games in the State of New Jersey."As part of the DGE's licensing process, ResortsCasino.com is required to conduct a soft-launch during which players will be able to experience the site's full range of products. If this test period is completed successfully, Resorts will be free to open up its platform for all Garden State residents before the end of February.Resorts is Ready to RumbleAt present, the coalition between partypoker and the Borgata has proved to be New Jersey's most successful. Last month the network raked in $3.8 million, but Sportech's CEO, Ian Penrose, believes Resorts has a brand advantage over its rivals. In an interview with eGR last month he highlighted that players often feel more comfortable placing wagers with companies they know and trust."In the early days of any new marketplace, brands have an advantage. It has everything to do with trust, and players wanting to wager with the brands they know and are familiar with," said Penrose.Not only that, but Mark Giannantonio, Resorts CEO, explained that his virtual venture will draw inspiration and experience from the European igaming market.

[nod] 19/2/2015 23:23

That's good given the share price has gone up 10% in 3 months. It looks like we are all happy to hold but not keen to buy more.

[finkie] 19/2/2015 22:43

Good volume today £2.50's worth total traded

[trentendboy] 19/2/2015 08:34

Very positive for SPO.

Explains the recent rise. Any VAT payment would send this flying past £1

[nod] 19/2/2015 01:33

Resorts Casino to start Internet gambling but with Sportech, not PokerStars, as hostPublished February 18, 2015Associated PressATLANTIC CITY, N.J. – New Jersey's oldest casino is about to get in on the newest form of gambling.Resorts Casino Hotel won approval Wednesday to launch its Internet gambling site, which may be fully operational within several days.But the approval by the New Jersey Division of Gaming Enforcement isn't the one many online gamblers were hoping for.Resorts has been partnered with PokerStars, the world's largest online poker website, since July 2013. And PokerStars still has not been approved to operate in New Jersey, following legal trouble some of its executives encountered.Instead, Resorts obtained approval to partner with Sportech NYX Gaming LLC to offer online gambling."One of the benefits of having waited more than a year to start this is we understand what the challenges of the market are, and we're able to offer the kind of content that customers have shown they want," said Mark Giannantonio, Resorts' president.Resorts will begin a five-day testing period during which the Division of Gaming Enforcement will make sure its equipment and systems work properly. If all goes well, the site could be cleared for full operation on Feb. 25.Internet gambling began in New Jersey on Nov. 25, 2013, but is off to a slow start, having taken in $122 million last year.Resorts becomes the sixth Atlantic City casino with an Internet gambling operation, joining the Borgata, Caesars, Bally's Tropicana, and the Golden Nugget. Trump Plaza, which closed Sept. 16, and Trump Taj Mahal, which continues to operate, lost their Internet gambling operations last year.Each Atlantic City casino approved for Internet gambling can offer up to five websites. Giannantonio said Resorts still plans to add PokerStars to its lineup once the company is approved. A division spokeswoman said Wednesday the state's investigation into the company is ongoing.PokerStars was recently bought by Amaya Gaming, which started licensing talks with New Jersey regulators last June.PokerStars tried twice in 2013 to be licensed in New Jersey. But the division suspended the company for up to two years, citing legal problems involving some company executives, including an unresolved indictment against its founder. Executives who were involved in PokerStars' acceptance of bets in the United States after the federal government made it illegal to take payments in connection with illegal gambling through the Internet were to step down as part of the sale to Amaya.The website, which stopped doing business in the U.S. in 2011, paid a $547 million fine to the Justice Department, but didn't admit wrongdoing.PokerStars tried to buy the Atlantic Club Casino Hotel, but that deal fell apart and the casino shut down in January 2014, one of four in Atlantic City to close that year.

[finkie] 18/2/2015 10:07

Stephan whats your point employ an expensive team? Or SBT are shrewd and know the lawyers wouldn't take the case on if they weren't going to win?

[stephan1946] 05/2/2015 18:45

The legal team are working on, no win, no fee. Just how cheap do you want to be?

Top legal teams cost money but have a reputation and skill, ambulance chasers? no way.

[finkie] 04/2/2015 13:41

the barristers and qc etc should be the same as before they have done a good job to date HMRC will get beaten this time around they shouldn't have been given the right to appeal and win crazy waste of money......legal bill will be millions but SBT have no choice......Nov is a long time away so price cannot really move before that decision imho

[trentendboy] 04/2/2015 09:06

Time to sit back and relax. Gives them time to put a better case together and employ some proper lawyers this time

[nod] 04/2/2015 08:46

Sportech has been advised that the hearing of their appeal to the Court of Appeal, in relation to the VAT repayment claim on the "Spot the Ball" game, has been scheduled for the week commencing 2 November 2015 and is expected to take 1-1 1/2 days.

[nod] 04/2/2015 03:57

Sportech plc (LON:SPO) had its price target cut by Investec from GBX 102 ($1.54) to GBX 76 ($1.15) in a research note issued to investors on Friday. The firm currently has a buy rating on the stock.

[nod] 04/2/2015 03:53

Montreal Canadiens Children's Foundation to launch Quebec's first electronic 50/50 raffle with technology from Bump 50:50FEBRUARY 02, 2015 -- TORONTO, Feb. 2, 2015 /PRNewswire/ --Bump 50:50, a division of Sportech Racing and Digital, announced today that they have been selected by the Montreal Canadiens Children's Foundation to provide the software and ancillary services for an electronic 50/50 raffle program to benefit its BLEU BLANC BOUGE program and other charitable initiatives. This is the first such raffle to be offered by a professional sports franchise in Quebec, following recent key changes to charitable gaming laws in the province.Bump 50:50, a leading provider of 50/50 raffles to the charitable foundations of major North American sports teams, will provide point-of-sale software, in French, as well as hardware and central processing services. In addition, Bump 50:50 will deliver a slate of services designed to help maximize proceeds for the Montreal Canadiens Children's Foundation, including program design and coordination, sales team training, reporting, and data analytics. Genevieve Paquette, Executive Director of the Montreal Canadiens Children's Foundation, said, "We are pleased to offer this entertaining raffle option to the fans who attend Montreal Canadiens games and happy to look to the expertise of Bump 50:50 to develop and execute the program. We expect that our fans will welcome the opportunity to have a significant and direct impact on the charitable mission of the Foundation through their participation."

[nod] 03/2/2015 19:56

Henderson has increased its holding yet again to now hold 27%This time last year they held 21%In January 2013 they held 13%Henderson is convinced about the prospects for SPO.

[nod] 30/1/2015 02:12

ATLANTA, Jan. 29, 2015 /PRNewswire/ -- Kiron Interactive has signed an agreement with pool and tote betting technology provider Sportech Racing and Digital, a division of Sportech Plc, to supply virtual racing to racetracks in Latin America.The three-year deal will see Kiron's virtual racing products incorporated into the Sportech Racing and Digital Quantum System wagering platform to complement the live on-course action.An initial roll-out will take place in Peru, at the Jockey Club Peru's racetrack and network of 80 plus off-track betting agencies, during the first quarter of 2015, before further distribution to additional Sportech customers in Central and South America.In most cases, it will be first time virtual racing has been offered at these race tracks.The virtual races will be distributed by simulcast from Sportech Racing and Digital's Quantum Data Center East in New Jersey, with wagers being placed on the Sportech wagering platform at fixed odds. Sportech's offering to clients will initially include a schedule of daily races from two virtual race tracks, including race commentary.Steven Spartinos, co-CEO of Kiron Interactive, said: "We're very excited to partner with Sportech Racing and Digital on this significant project for the Latin American market. Sportech are the market-leader in offering tote systems to racetracks in the region and are best-qualified to maximize the value of virtual racing to their clients. Based on initial indications, we're expecting a big take-up by race-goers and look forward to entertaining them with our popular products."Andrew Gaughan, President of Sportech Racing and Digital, said: "We are pleased to expand our Quantum System tote software to include this fixed odds gaming option. The Latin American market is well suited for a product such as virtual racing, which can offer an entertaining and engaging betting experience when live racing may not be available."Kiron will be demonstrating its racing products, as well new games content, on stand S1 -132 at ICE Totally Gaming at London's ExCeL 3rd – 5th February 2015.

[trentendboy] 22/1/2015 07:54

SPO have a nice niche position in the gaming sector imo.

Decent share price rebound.

Given US opening they are nicely positioned

[nod] 22/1/2015 04:02

This is a platform upgrade for an existing customer...Sportech Racing and Digital, a subsidiary of UK-listed gaming operator Sportech, has launched a new online horse race betting platform for two racetracks in Chile.Launched earlier this month, Teletrack.cl is a joint venture between Sportech and Club Hípico de Santiago and Sociedad Hipódromo Chile, two of the leading thoroughbred racetracks in the country's capital of Santiago.

[lucyp00p] 20/1/2015 16:03

Looks like the spot the ball article reinforces the case for the claim. If it was a game of skill rather than chance, someone should have won it by now

[nod] 14/1/2015 18:13

I heard on BBC radio that Spot the Ball jackpot has not been won for 10 years and see this was reported in The Mirror and elsewhere. Not very good publicity for SPO."Owner Sportech, which bought out Littlewoods in 2000, said: "Players have won £16million over the last 10 years."The top prize is won by guessing the exact centre of the ball but this has not happened since 2004, reflecting the fact fewer people play the game."However £16million has been paid out for other prizes including for being closest to the centre of the ball."http://www.mirror.co.uk/news/uk-news/youre-not-winning-any-more-4968466