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2008 SPORTECH RESULTS ON TRACK

The London-based owner of New Football Pools, Sportech, has issued a trading update that indicates the company is on track to meet market expectations for the full year 2008 after positive trading throughout the last half.
 
The update reveals that during the second half 2008 Sportech acquired 4TheGame.com, the oldest and one of the most respected soccer community websites in the UK, and rebranded and relaunched The New Football Pools, formerly the Littlewoods and Vernons Football Pools businesses, leading to ‘increased resilience in customer numbers’. In January another initiative saw Sportech team up with the major gambling group Ladbrokes to launch a selection of The New Football Pools products across the bookmaker’s estate, with further distribution plans in hand for 2009.
 
“The initiatives undertaken during 2008 have resulted in a major improvement in the strategic positioning and performance of the business,” Sportech management said in the update. “The group continues to develop as a growth oriented sports, leisure and gaming business. During the year significant investment and management time was devoted to upgrading the group's products, technology and routes to market.
 
”The majority of the Vernons Football Pools business has been successfully integrated ahead of schedule. We expect the final part of the integration, being the migration of customers onto the group's new Scientific Games-powered gaming platform, to be completed by the half year, which should bring further synergies.”
 
Sportech launched an additional bingo brand at GameOnBingo.com earlier this year and has announced that its full year results will be published on March 24 2009.
 
“The board consider Sportech's high-volume, small-value ticket characteristics put it in a strong position to weather the economic downturn as it has done on many occasions since the business was formed in 1923,” the update concludes

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

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Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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