Sportech expects higher AEBITDA due to operational efficiencies

London-listed sports betting technology provider Sportech said Monday that it expects full year revenue to be in line with management expectations following a number of decisive actions. This year has seen Sportech management restructure the group, exit certain non-profitable activities and streamline costs in a bid to deliver a more appropriate operational cost base to help offset the high fixed costs of its Venues business, which the group is addressing through a variety of initiatives. Sportech’s Racing and Digital, Bump [...]