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Sportech revenue dips in 2018 as US opportunities await

21st March 2019 9:35 am GMT

London-listed sports betting technology provider Sportech posted a net loss of £2.6m for the full 2018 year as revenue fell by 4 per cent to £63.7m.

Sportech said that after facing many challenges during the year, including a strategic review of the business, the company had commenced implementation of certain tasks to manage its cost base.

The results of this initiative helped Sportech offset a decline in revenue with a 19 per cent increase in adjusted EBITDA [...]

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