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Football pools operator Sportech has announced in a trading update that it expects full-year results to be in line with management expectations, following a robust period of trading during the second half of 2008. The firm's 2008 annual results are due for release in March 2009.
The Walton, UK business said initiatives introduced last year have resulted in “a major improvement in the strategic positioning and performance of the business” and trading during the second half of 2008 up to December 31 has been “robust”.
The focus has been on improving the group’s products, technology and targeting new players.
Sportech owns the Littlewoods, Zetters and Vernons football pools brands which were relaunched last August under the new umbrella brand The New Football Pools.
This has driven “increased resilience in customer numbers” aided by a deal covering Ladbrokes betting shops last month. Further distribution deals will be unveiled this year.
Sportech bought Aintree-based Vernons from Ladbrokes for GBP 51 million in December 2007 and this week's update reveals that most of the business has now been successfully integrated ahead of schedule.
Its gaming products were enhanced through a distribution partnership with online casino and poker business 888 Holdings in October last year.
An additional bingo brand, GameOnBingo.com to complement the existing Littlewoods Bingo.com was launched this (January) month and will be joined by Pools and Slots products over the next few months.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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