Sportech Share Discussion Threads

[stephen1946] 23/8/2017 19:06

Nothing here for shareholders, I did tell you.

Like Arena Leisure, Sportech is for the benefit of major shareholders and directors.

[van zandt] 23/8/2017 17:56

Hi Nod and others,

Nod I just don't know quite what is going on with SPO , just have a funny feeling but we will see tomorrow may be good or we are blind sided again.

I suppose you have seen details published August 9th 2017, I sourced it from Bloomberg.

"Dansk Hestevæddeløb ApS, Operator of All Nine Racetracks in Denmark, Selects Sportech as New Technology Partner
2017-08-09
Dansk Hestevæddeløb ApS, Operator of All Nine Racetracks in Denmark, Selects
Sportech as New Technology Partner

PR Newswire

NEW HAVEN, Conn., Aug. 9, 2017

NEW HAVEN, Conn., Aug. 9, 2017 /PRNewswire/ -- Sportech Racing and Digital, a
division of Sportech PLC, (LSE: SPO), has been selected to provide pari-mutuel
betting technologies and services to Dansk Hestevæddeløb ApS ("DHV"), the
joint operating company for horse racing and operator of all nine racetracks
in Denmark.

Sportech Racing and Digital has had a presence in Denmark for many years,
providing Danske Spil A/S, the national lottery in Denmark and a valued
long-term customer, with pari-mutuel betting technology for land based and
digital channels.

DHV's selection of Sportech follows the Danish Government's decision to
liberalize horse race betting effective January 2018.

Sportech will provide a suite of pari-mutuel betting technologies and services
including the central system that will act as the Danish national host to
consolidate all betting from private betting operators, including Danske Spil.


The package will comprise Sportech's Quantum™ System, the most widely deployed
pari-mutuel betting software in the world, and hosting services from
Sportech's worldwide service delivery network. The Quantum™ configuration
will also facilitate the implementation of digital betting solutions, such as
Sportech's G4 website and Digital Link™ mobile, by future private operators.

Henrik Friis, CEO of Dansk Hestevæddeløb ApS, stated, "We sought a technology
partner with an exceptional suite of products and services, strong options for
digital and self-service betting, and direct access to global commingling
markets. Sportech met these requirements, and their well-established track
record and presence in Europe assures us that we will receive excellent
support. We are looking forward to working with Sportech to offer a reliable
and satisfying betting experience to our private betting operator partners."

Andrew Gaughan, President of Sportech Racing and Digital, stated: "We at
Sportech are very pleased to have been selected by Dansk Hestevæddeløb as
their tote technology provider and look forward to working with them to help
grow betting on horse racing under Denmark's newly liberalizing horse racing
environment. We are pleased to note that this agreement further cements
Sportech's position as the leading independent provider of pari-mutuel betting
technologies and services in Europe, building upon Sportech's already strong
position in Denmark, the United Kingdom, Ireland, Finland, The Netherlands,
Turkey, Spain, and Cyprus."

About Sportech Racing and Digital and Sportech PLC
Sportech Racing and Digital is a leading global provider of wagering
technology solutions to licensed betting operators and a division of Sportech
PLC, one of the world's leading operators and suppliers of pools betting
services. The Sportech Racing and Digital footprint is international in
scope, with significant market positions in The Americas and Europe and a
growing presence in Asia. Globally we process $11.6 billion in bets annually,
with a presence in 37 countries, and customers in most US states that permit
such betting. In addition to software, hardware, and services that facilitate
land-based pari-mutuel wagering, Sportech is one of the largest internet and
mobile wagering technology providers in the U.S. Sportech's Bump 50:50
division provides technologies and services to allow charitable foundations
affiliated with professional sports teams to implement 50/50 raffles. This
year, Sportech Racing and Digital is proud to celebrate its Centennial
Anniversary. For more information on Sportech Racing and Digital, please
visit www.sportech.net. For more on Sportech PLC, please visit
www.sportechplc.com.

View original
content:hxxp://www.prnewswire.com/news-releases/dansk-hestevaeddelob-aps-operator-of-all-nine-racetracks-in-denmark-selects-sportech-as-new-technology-partner-300501883.html

SOURCE Sportech Racing and Digital

as ever regards,
VZ

[nod] 22/8/2017 21:29

Only one trading day (two sleeps) before the Interims. There has been little trading in recent days. Fingers crossed for news about the future.I keep an eye on NYX as we still have a stake in them. They are doing well although their stock price isn't. Q2 results released today.NYX Gaming Group Limited Reports Second Quarter 2017 ResultsSource: PR Newswire (Canada)Revenue of $61.0 million, up 73.3% year-over-year, and Adjusted EBITDA of $17.5 millionLAS VEGAS, Aug. 22, 2017 /CNW/ - NYX Gaming Group Limited (TSXV:NYX) ("NYX" or the "Company") today announced financial and operating results for the second quarter ended June 30, 2017. All amounts expressed are in Canadian dollars unless otherwise noted."We saw positive momentum in the second quarter with sequential improvement in revenue, adjusted EBITDA, and adjusted EBITDA margin from the prior quarter," said Matt Davey, CEO of NYX Gaming Group. "Our development pipeline remains strong and we continue to sign new customers at a steady rate, as our sportsbook, gaming, and content offerings are resonating with customers and driving scale and operating leverage in our business."Second Quarter 2017 Highlights*Revenue of $61.0 million, or growth of 73.3% year-over-year;*Organic revenue growth of 50.6% year-over-year, excluding the impact of the OpenBet and Betdigital acquisitions in May 2016;*Royalty and license revenue of $31.9 million, or growth of 53.1% year-over-year;*Gross profit of $51.9 million, or 85.0% gross margin compared to 87.3% gross margin during the second quarter of 2016;*Adjusted EBITDA of $17.5 million, an increase of 66.7% over the prior year period;*Net cash provided by operating activities of $11.5 million compared to net cash provided by operating activities of $3.1 million during the second quarter of 2016 and $8.4 million during the first quarter of 2017;*Signed 18 new agreements for the Open Platform System ("OPS") and Open Gaming System ("OGS");*Launched OGS content across 13 new client sites; and*As of June 30, 2017, held development commitments with 36 customers that have not yet launched.Second Quarter 2017 Operating Results and HighlightsDuring the second quarter of 2017, NYX signed 18 new agreements for OGS and OPS and successfully launched OGS content across 13 new client sites including Soft Swiss, JAXX, Sekabet, Casino Gran Madrid, and Goldbet. NYX also launched 21 new slot games on the OGS platform including games with PokerStars NJ, a Stars Group brand in New Jersey, USA. This extends the Company's long-standing partnership with The Stars Group as leaders in digital gaming in regulated territories.

[finkie] 18/8/2017 08:45

Nod totally agree it's been pointless they should have proposed special divi or sat on cash, the interim had better show progress here.....

[nod] 17/8/2017 09:41

The Interim Results for the six months ended 30 June 2017 will be announced on Thursday 24 August 2017.

[nod] 17/8/2017 09:38

TEB, SPO (we shareholders) have another lump of cash from the sale of Football Pools completed at end of June. The buyback Offer was taken out of the VAT cash. I hope the Board don't do another buyback Offer, it damages sentiment towards the company. The only winners are the paid financial advisors, as evidenced in the share price since the buyback. We Shareholders didn't make any money by either taking the Offer or holding. We are now a company minus the cash wasted on this buyback.

[trentendboy] 17/8/2017 06:18

Thought buy back had already happened

[nod] 17/8/2017 02:56

SPO may use the Interims to make an announcement on what it plans to do with our cash. A dividend is possible.

[nod] 17/8/2017 02:51

Interims due before the open on Tuesday 22nd August.Peel Hunt issued Buy recommendation with 140p target.A quiet day today.

[nod] 12/8/2017 01:34

Within the next two weeks, we will get the Interim results for H1 to 30 June. These will include revenues and profits from Football Pools which we will not have in H2.A lot of cash in the bank but significantly less revenues in H2.

[nod] 09/8/2017 23:11

A slide here over the past month with no news and more lively opportunities elsewhere in the stock market.

[trentendboy] 13/7/2017 06:39

Good post. Looks impressiveMonopoly on sports bars with betting is the key to good profits in those locations

[nod] 13/7/2017 02:28

STAMFORD — Bobby V’s is back in business.
Updated 3:12 pm, Wednesday, July 12, 2017

The new Bobby V’s Restaurant & Sports Bar celebrated its grand opening Wednesday morning at its new location at 268 Atlantic Street, just around the corner from the original Main Street location.

The newly-constructed 25,000-square-foot restaurant, which also contains an off-track betting facility on the second floor, boasts 32 draft lines behind the bar and more than 200 HD TVs for the ultimate sports bar experience.

“The people of Stamford will have a first-class food and beverage establishment,” Stamford native and baseball legend Bobby Valentine said in a statement released Wednesday. “It will provide the residents of Fairfield County, New York and surrounding areas a very special environment.”

Valentine partnered with New Haven betting firm Sportech on this latest venture in the downtown. It’s his second partnership with the OTB firm after opening a similar venue in Windsor Locks in early 2014.

“The benefit here is we get to design the entire building from scratch, whereas in Windsor Locks we built Bobby V’s within an existing business - Stamford is even more impressive, has something for most people, is very family friendly, and our showcase property now” Ted Taylor, Sportech Venues President, said in the statement.



Have a browse through the photos. Impressive sports bar with over 200 TV screens.

[nod] 07/7/2017 23:13

Reflecting on my last post.
The most equitable way of calculating interest due from HMRC on overpayments would be to use the same interest rates used by HMRC for underpayments during each of the years.

The purpose of the rates used by HMRC is to serve as a disincentive to taxpayers from holding onto the cash.

If the same rates were used for restitution, HMCR could hardly argue these rates are unreasonable or excessive when it has used those rates against thousands of taxpayers.

[nod] 07/7/2017 09:34

I paid company tax in the UK for around four years, while there at various times between 1986 and 1996. HMRC charged huge interest rates plus penalties whenever I was late by a few weeks. HMRC does not apply equivalence and adequacy. It does not apply simple interest.To be fair, the calculation for restitution should be the same both ways.

[nod] 07/7/2017 09:04

Nah, a win wasn't priced in by more than 3p. This is just a tree shake to get a few holders to reduce. There have been minimal sales and there will be no further news on the decision for at least four months.

[festario] 07/7/2017 08:44

I got interested here, but now it seems that whatever was being priced in, is now fully priced out again!

[van zandt] 06/7/2017 16:27

Nod, you are correct the case is complicated, and has been made political, if Their Lordships kick for the long grass: - EU Law direction wait for years for a hearing slot it will serve its purpose also byway of long delay.

Then if their Lordships are minded to apply UK Law and ignore EU Law resulting in a win for Littlewoods/Sportech but only partial, say with the compound interest refused but interest as paid allowed to stand. Is then open to appeal to the EU Court.

Either scenario would be a political win for the Government of the day.

Think for a moment if Their Lordships granted the compound interest claim against HMRC, what would the cost be to the UK Treasury Dept and the British tax payer?

Can the judgement be given against HMRC that does not run the risk of a huge number of other claims of a similar nature then arising from others who may feel aggrieved?
As always regards,
VZ

[nod] 06/7/2017 09:33

TEB, the difference is huge due to the decades between the payments and today. During that period we have had some years with exceptionally high interest rates. As any financial advisor will advise, compound interest adds up (except in recent years).Littlewoods received £250m of simple interest on the VAT refund, but the company contends it should have received £1.2bn of compound interest charged on the interest already earned.Sportech received around £50m simple interest (to keep the maths simple). So compound interest say £200m. ??I don't recall seeing what SPO claimed.

[nod] 06/7/2017 09:11

VZ,It's a complex case for me.From the final questions and some voluntary opinions from the Lords, I felt they wanted to side with HMRC but indicated that EU law may override UK law.If they apply EU law then Littlewoods should win.

[nod] 06/7/2017 09:00

Oops hit submit too early...If a case takes two or three years to be heard by the ECJ then the U.K. may not be in the EU by then. I would say the only question for the Supreme Court is: what was the law at the time of the overpayments. If EU law overrode UK law at that time, then EU law should be applied.That's my simpleton view.Littlewoods made a good argument for 'adequate' compensation at the discretion of the Court. Restitution does not need to be at full compound interest but a more reasonable middle ground.

[trentendboy] 06/7/2017 08:47

Thanks for the clarification. That makes sense.

What is the estiamted difference? Cannot be that many millions.

[nod] 06/7/2017 08:44

TEB, SPO has already received interest on the overpayments quantified as simple interest. The Supreme Court case is summarised in the BNA article referred to above:"The key issue in the Littlewood case is whether European Union law requires the payment of compound interest, where a taxpayer has overpaid VAT contrary to EU VAT legislation," Bill Dodwell, a partner with Deloitte LLP in London, told Bloomberg BNA in a July 3 email.The Lords indicated they may refer the case and decision to the EU

[carcosa] 06/7/2017 08:06

hxxps://www.bna.com/uk-tax-office-n73014461145/ Review of first day proceedings.