Pools and tote gaming supplier Sportech has announced its interim results for six months to June 30, 2013, revealing stable revenue while continuing to make "strategic and operational progress".
In 2013, revenue for Sportech plc was at £57m, slightly down from £57.7m in 2012, which has helped the company to “mitigate the challenges faced in e-Gaming,” Sportech said in a statement.
Profit however, fell to £1.9m (from £3.2m in 2012) while net bank debt was down to £56.7 from £57.1m in 2012.
Ian Penrose, chief executive of Sportech said: “We have delivered a solid set of results and continue to make strategic and operational progress and build on our unique market position.
“With several significant new contracts in place, new products coming into the market soon, a flagship betting and sports bar opening later this year in Connecticut and full launch of Connecticut’s only legal online horseracing betting platform by the year end we are pleased with the momentum in our US business for 2014 and beyond,” he said.
“The strong performance of this business and its importance to the Group’s future success has helped mitigate the challenges faced in e-Gaming during the period,” added Penrose.
