Financial News

London-listed pool betting operator Sportech said Thursday that trading for the seven-week period ended November 9th was in line with management expectations, with revenue from its Football Pools business benefiting from growth in revenue and player numbers in the digital channel.

The company explained that it continued to make good operational progress after posting a 4.5 per cent drop in revenue to £48.7m during the first half of 2016, with its financial performance in line with expectations.

Despite having to terminate discussions with Burlywood Capital for the £97.25n sale of the Football Pools, Sportech said that the business continued to trade in line with expectations, and was “demonstrating the move to stability that we have been striving for in 2016.”

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