Sportech Share Discussion Threads

[nod] 01/9/2019 06:17

An article in Hartford Business Journal explains the negative backdrop. Gamblers are gambling outside CT and there's a lot more competition within CT. Some of the illegal competition may leave with the law change coming in. CT needs sports betting but they are fearful of law suits if they implement the option they prefer.https://www.hartfordbusiness.com/article/ct-otb-revenues-see-steady-declines

[nod] 22/8/2019 12:33

Interim Results look in-line. Venues down a bit. Exceptional restructuring costs reduced earnings. Investment in Sports Betting nearly 0.9 million in H1. SPO has developed a B2B sports betting product which it has begun marketing to other USA businesses. Also, developed a B2C sports betting product for our use. Strong cash position and cash flow from operations.

[nod] 21/8/2019 21:37

Weird RNS about Artemis changes in holdings back in 2014 and 2015. It seems Artemis owns over 5%

[marketing101] 22/7/2019 10:40

Yeah i saw this @Nod , I actually saw it on Sportech's In The News section on their PLC website hxxp://www.sportechplc.com/category/news/ I like to go there to check on any news from the company, always kept up to date and positive news

[trentendboy] 19/7/2019 13:20

This is a nice deal - SIS are massive and tote on greyhound important.

Still surprised SPO is not higher - old school compared to GVC etc. but still a profitable sector

[nod] 19/7/2019 03:47

Deal with SIS (Sports Information Services) further extends greyhound tote betting. SPO already big in greyhound. Operates in the US in 37 States and 37 countries around the globe. SPO won the Ladbroke/Coral locations last year, LAD were part owners of SIS. I don't know what SIS deal would mean to SPO but all revenues help.From SIS web site:SIS Selects Sportech To Provide Global Tote for SIS Greyhoundshttps://www.sis.tv/news/sis-selects-sportech-to-provide-global-tote-for-sis-greyhounds/ https://www.gamingintelligence.com/business/53103-sis-partners-sportech-for-greyhound-racing-commingling-pool

[van zandt] 04/7/2019 17:51

I agree it should be good news the director/s purchase.
it could also be interesting if the 40% is used to block or force the route?
as ever,
VZ

[nod] 03/7/2019 22:04

SPO has exclusive licences which are valuable. They have to continue to deliver above expectations or risk losing a licence at a periodic review. Strong and healthy relationships are crucial and this is what McGuire is focusing on, having relocated to Connecticut.

[trentendboy] 03/7/2019 09:45

Never understood why it fell so low really - potential is still very considerable and monopoly position. Strange but perhaps now people will realise potential

[nod] 03/7/2019 08:10

This a decent holding by Richard McGuire. He has previously purchased at 40.6 and 57p. Using his own money, not director gifts as we often see. "Sportech PLC (LSE: SPO), the international betting technology business, announces that the Company has been notified that on 2(nd) July 2019, Richard McGuire, CEO of Sportech, purchased 130,000 ordinary shares of 20p each in the Company ('Ordinary Shares') at a price of 33.4 pence per share.Following the above purchase, Richard McGuire now holds 1,000,000 Ordinary Shares representing 0.53% of the issued share capital of the Company."

[nod] 30/6/2019 23:11

Harwood and Lombard Odier continue to add.16.16% and 23.44% respectivelyIf someone was interested in buying SPO this near 40% could clinch or prevent a deal.

[nod] 29/6/2019 05:16

The unlicensed operators in CT was identified in the last Annual Report as one of the higher risks facing SPO. They had three pages on risk management (p29-31) and this issue was one of the highest rated risks with a 9. SPO wrote how they planned to mitigate this risk and CT has obliged with this new legislation.

[nod] 28/6/2019 08:22

Yes, good news. New legislation outlawing unlicensed online operators in CT."Sportech PLC (LSE: SPO), the international betting technology business, announced that the Connecticut State Budget signed by Governor Lamont on 26 June 2019 included legislation that clarifies and strengthens Sportech's exclusive licence to conduct off-track pari-mutuel betting in the State of Connecticut.Sportech Venues, Inc. holds the exclusive licence to offer off-track betting in the State of Connecticut and does so through its 15 venues and online betting services.This budget legislation closes a loophole and thus legally prohibits unlicensed online operators from taking wagers from Connecticut residents. This law becomes effective as of 1 October 2019.Richard McGuire, Executive Chairman of Sportech, said: "The State of Connecticut have clarified and strengthened Sportech's exclusive licence with this legislation to close a previous loophole. Our online business in Connecticut is pivotal to growth and value."It is estimated that Connecticut residents wagered as high as US$60 million to US$80 million annually with unlicensed operators. Our Connecticut online betting platform, MyWinners.com, averages approximately 9% margin. Therefore, we are understandably focused on seeking to convert those customers and will update the market with progress on customer acquisition going forward."

[van zandt] 28/6/2019 07:50

Nod,
Good news today re CT, and before I forget thanks for all your stuff over the years.
As ever
VZ

[finkie] 20/6/2019 15:16

nod i prefer bullet ant's updates tbh!!!;-)

[nod] 12/6/2019 22:35

Here's an interesting State by State update by ESPN.8 have sports betting in operation7 have passed a bill A large bunch headed by Connecticut have tabled a bill but not yet passedhttps://www.espn.com/chalk/story/_/id/19740480/the-united-states-sports-betting-where-all-50-states-stand-legalization

[nod] 12/6/2019 22:19

The States that have legalised sports betting since the Supreme Court ruling, New Jersey, Nevada, Delaware, Mississippi, West Virginia, Rhode Island and Pennsylvania, have so far taken $8.9 billion in legal sports bets. New Mexico is not included as it doesn't separately report its sports bets.

[nod] 12/6/2019 21:59

We know there were several entities interested in acquiring SPO in 2017. As a result, in October 2017 a Formal Sale Process (FSP) began. A satisfactory offer was not achieved and the FSP was closed in March 2018. An outcome of the FSP would be that several companies had a good look at SPO. Since then, sports betting in the USA has progressed. If we get a licence for sports betting in Connecticut then SPO becomes more valuable.

[trentendboy] 12/6/2019 12:18

But st what price I wonder

[trentendboy] 12/6/2019 12:18

Must be TO but bad leak