Sportech Share Discussion Threads

[nod] 15/9/2020 06:41

Rep. Matt Ritter (D-Hartford) says negotiations surrounding gambling expansion have not progressed in his four-plus years as House majority leader.

“I’m kind of at my wits end with everything going on with our casinos,” said Ritter, who would like to see sports betting and online gaming offered in Connecticut. “We need to move into the 21st century. The fact that we do not have sports betting is beyond silly.”

Ritter said he sees a path for both the tribes and other operators to have a piece of sports betting and online gaming, with the casinos taking home the largest share of the new revenue stream.

“I fully support it, and at some point I’m not going to negotiate behind closed doors for months on end,” he said. “I will just put it on the floor, people can vote any way they want. At this point, I’m sick of having backdoor conversations.”;

[nod] 15/9/2020 06:41

Peel Hunt issued a Buy (from Hold) after the results.

[trentendboy] 11/9/2020 12:57

Should be an attractive TO - the state mess over licences is just stupid. Tribes messing it all up. The wrong deal and SPO are frozen out.

What is the current PE?

It looks an attractive price now given progress on online BUT there is a large drag from real venues that they have invested massive amounts in.

I am sure they are good but.... if not punters and prolonged lockdown...

[smithless] 11/9/2020 10:54

I have used the weakness in the share price to top up. I agree it should have enough cash to see it through. It has a good shareholder list, so if money did become an issue, I'm sure a small injection wouldn't be a problem. Being hurt by Covid, like many others. Not sure it warrants a full listing. Move to AIM and save some money

[nod] 10/9/2020 22:48

Two sells account for most of the trading today. They amount to around 100k GBP.

[nod] 10/9/2020 22:44

Given the loss of revenues due to closed sporting events, SPO did well to keep the cash erosion down to 1.4 million. Knowing this was coming at the start 2020, they focused on cutting costs. We have enough cash to get through the pandemic.

[trentendboy] 10/9/2020 14:35

Fall seems massively overdone IMO

Online doing well and losses linked to physical locations.

They have global recognition and good products

Strange fall

[nod] 26/8/2020 07:14

Two views published this week in Connecticut.

One from a Senator and one from Sportech. The Senator supports the Tribe Duopoly to be granted exclusive sports betting in CT. Whereas The Governor (and the previous Governor) are opposed to an extension of the casino agreements to include exclusivity over sports betting.

[nod] 17/8/2020 09:36

Venues was seen as the platform for sports betting in CT, which sadly has not happened yet. We have invested a lot in upgrading the venues in readiness. Revenues had been fairly stable. A small drop last year with the closure of one venue. We have 15 operating with a license for 24 in CT.The loss of racing fixtures in 2019 had an impact.The focus has been on making our venues as efficient as possible in readiness for sports betting.

[smithless] 17/8/2020 09:04

Is the Sportech Venues side of the business worth holding onto? Close it down or at the very least close the food and beverage side. It's been a pain even in pre-covid era.

[nod] 14/8/2020 10:49

Sportech is speaking out in favour of sensible betting legislation in the State of Connecticut.

[nod] 14/8/2020 10:42

Also on Sportech News page


RMG is the umbrella organisation for the 34 racecourses which hold an interest in Racing TV (including coverage from all 26 Irish racecourses), Racing TV International (international betting broadcast service) and Racecourse Data Company (licensing and control of Pre-Race Data). Racecourse Retail Business is the vehicle which represents 37 racecourses’ content in the LBO (licensed betting office) market. Pictures are shown in c. 8,000 LBOs in Britain and Ireland.

[nod] 14/8/2020 10:38

Sportech and RMG extend commingling contract
12 August 2020
Tote betting solutions provider, Sportech has signed a new agreement with Racecourse Media Group (RMG), to provide commingling pool betting services through its European Quantum Data and Operations Centre.

[trentendboy] 11/8/2020 10:40

It has drifted surprisingly

Typical that they pick one of the US states that is really messed up when it comes to getting online gambling through. The tribes are hurting themselves in this as liquidity will go elsewhere.

Hopefully the need for tax dollars will focus minds

[smithless] 11/8/2020 10:11

Bought some of these today as it looks v. cheap in a recovery/post Covid world. Obviously, will make a loss in the current year, but its infrastructure/clients/IP worth a lot more than than it current mkt cap. Also only around 19% of stock is free float, so when it does recover the share price should move swiftly IMHO

[nod] 11/8/2020 03:00

Bump 50:50 Announces Three-Year Partnership with Florida Panthers Foundationhttps://www.sportechplc.com/bump-5050-announces-three-year-partnership-with-florida-panthers-foundation/

[trentendboy] 21/7/2020 17:05

Odd declineDrops any further and it will be a good position to take long

[nod] 16/7/2020 11:39

With all the bad Covid news from the USA, I thought I would check out Connecticut. They are doing very well, touch wood.If you type "Covid Connecticut" into Google search it present a Covid chart. Down to 20 new daily cases recently compared 2000 a few months ago.

[trentendboy] 12/7/2020 19:46

Up or down 4 percent almost every day on tiny volumesAny proper buying and it will fly but news needed

[trentendboy] 06/7/2020 19:23

Volume always so low in SPOBit of buying interest and it will fly - US firms flying in this sector

[nod] 04/7/2020 00:54

I was just catching up on the SPO news last week.Bump 50/50 is small but growing well. It grew 30% last year.Also in the news (scroll down for earlier news items) the handle from Royal Ascot was up nearly 50% despite there being no spectators at the course.https://www.sportechplc.com/news/

[trentendboy] 26/6/2020 08:53

Yes, decent updateTimes like this, debt free companies with big cash piles are in a strong positionThe deals are globalThey really really should be taken over by PTEC or similar - gives an instant US footprint plus global tote dealsToo cheap - should be mid 25s imo

[nod] 26/6/2020 08:17

Given the dire situation in the USA and with no spectator sports, I was dreading the Trading Update. It was much better than I expected. Available cash at the end of June is considerably better than its 18th March forecast (I had expected a little lower). Also encouraging is that we have signed new deals and extensions, plus 28% growth in Bump (a small but growing new business).

[nod] 26/6/2020 08:07

"Despite the unprecedented challenges that have affected us all, I have been humbled and impressed by the universal willingness of Sportech colleagues to support our clients, support our business and support each other. The delivery of critical client projects and the securing of a significant number of new contracts in the midst of this global pandemic is testament to the resilience of the Sportech team ..."