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Sportech Q1-2016 Trading Update

Tuesday May 17,2016 : SPORTECH RELEASES TRADING UPDATE
 
Positive Q1 results posted.
 
Pool betting specialists Sportech plc has issued a trading update for the period from 1 January 2016 to 16 May 2016, reporting:
 
* Positive start to 2016 for the group, with trading in line with management expectations, having made significant operational improvements and achieved a number of new customer wins:
 
* Success in VAT litigation against Her Majesty's Revenue and Customs
 
* Sportech Racing and Digital opened new offices in Singapore and secured new business. The company has also secured a new contract to deliver a full suite of wagering systems for the Macau Jockey Club, in addition to the recently announced new system sales in Malaysia and Vietnam, whilst a large terminal order has been shipped to Tabcorp in Australia;
 
* Technology and wagering installed for two new North American customers, Lone Star Park and Remington Park, and Sportech technology now available across racetracks in the UK to process all Tote wagering;
 
* Bump 50:50 continued to progress, growing its market share in the evolving area of providing technology for in-stadia electronic lotteries. Bump has added 7 new customers to its roster including the Jacksonville Jaguars (NFL), Dallas Stars (NHL) and San Diego Padres (MLB). Bump 50:50 remains on target to deliver profits in 2016 for the first time;
 
* Sportech Venues achieved progress in several areas. Of particular note, Internet wagering on MyWinners.com is up 17 percent compared to the same period last year, and the company has seen significant improvements in food, beverage and wagering revenues at our flagship venue in Bradley, Connecticut.
 
* The company will soon commence the construction in Stamford, which will be the first sports bar, restaurant and wagering facility in that major city, close to the New York border.
 
* The company's first venue in California opened in San Diego in January and is currently experiencing an upturn in food, beverage and wagering revenues after a slow but steady start in establishing the new concept.
 
* The wagering business in the Netherlands has experienced growth for the first time in a number of years, with handle up 10 percent on the same period last year.

* Football Pools performed to expectations, with a modernisation initiative on-track and due for completion shortly. The company launched The Football Pools app in March;
 
* Board changes are afoot, with non-executive director Peter Williams departing.



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MPN Poker Tour Malta Day 1A - The MPN Poker Tour has returned to Casino Malta this week, with a €150,000 guaranteed €500 + €50 Main Event running alongside a full complement of side events, parties and activities.

€8 million mobile jackpot win on Mega Moolah - Mega Moolah was hit on Tuesday 25 April 2017 by a Tipico player playing on their mobile device, just over a month after a €6.6 million jackpot was collected in March. The pay-out of €8,012,153.35 is the largest mobile jackpot win in history, superseding Microgaming’s pay-out in August 2016 of €7,968,311.26.

NHL Odds: Young Oilers Face Veteran Ducks in Round Two - Game Two in Anaheim (10:30 PM ET on NBCSN) features the first and second ranked teams in the Pacific Division during the regular season, with only two points separating them. The Oilers edged the Ducks 3-2 in regular season games, outscoring them by a slim 14-12 margin. This series will be close, and Game Two will decide who has the edge heading back to Edmonton.

BitStarz Casino pays out nearly $100,000 over 2 days - They say lightning doesn’t strike in the same place twice, but it did at BitStarz as yet another player lands a massive payout on an Amatic slot!

Americas Card Room Online Super Series Starts Now - The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).

New Quick Seat feature at Ignition Poker - New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.

Finnish people prefer the government to run the casinos - Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.

New Era of Gambling. Now with Bitcoins. - It is not a secret that more than half of the bitcoin transactions have been related, at least somehow, to the online gambling activities.

NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 - The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?

Caesar’s Triumph Slot Launches - Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.

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