Poker.co.uk

Poker Info
DATE: May 26 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Tuesday 19th September 2006

Sportech Reports Static Profit

Sportech PLC has announced that its first-half operating profit from continuing operations has remained broadly static at �9.5 million against last year's �9.6 million, as the company moved to implement the strategic review it launched late last year.

The sports gaming company said that it is now refocusing on its original core football-gaming operations and on eliminating loss-making activities including reducing bank debt, which it says has already led to an 18 percent reduction to �92.3 million.

Chief executive Ian Penrose asserted, �Sportech is starting a process of significant change. We have great products and we operate in growing global markets,� he said. �Having sold loss-making operations we are now focused on growing our core businesses of football-related gaming, online bingo, poker and casino. We are addressing all areas of our business including new product issues, technology, distribution and commercial property.''

Penrose continued to underline that the outcome of the strategic review would not yield instant results, but would be an effective medium to long term strategy to create a viable growth which would in turn deliver better returns for shareholders.

Source: OnlineCasinoNews

View Similar Stories
Svenska Spel Reports Drop In Profits
Cryptologic Reports Strong Performance
Sportech Flourishes Thanks to Online Casino
World Gaming Announces Profit Growth

Discuss this story in the Poker Forum. Last 5 Posts:
Saturday 26^th May, 2012: Party Poker and William Hill (iPoker) BAP
Friday 25^th May, 2012: One way poker Swapsies
Friday 25^th May, 2012: New Bap - Day 3
Friday 25^th May, 2012: WSOP Fantasy Draft 2012
Friday 25^th May, 2012: Sharkscope

Poker.co.uk is part of The Gambling Network | Terms and Conditions | Privacy Policy | Contact Us | Gamble Aware

Poker.co.uk is operated by InTouch Poker Ltd (hereinafter called the "Company"), a limited liability company with registration number C44236, registered in Malta (a member of the EU since May 2004). The Company’s registered address is at Vincenti Buildings, Suite 623, 14/19 Strait Street, Valletta VLT 1432, Malta. The Company operates the Poker.co.uk online poker room under a provisional license issued and regulated by the Lotteries and Gaming Authority ("LGA") of Malta (issued on 2 December 2008, number LGA/CL3/412/2007). The software used for operating the Poker.co.uk online poker room is licensed from Boss Media Malta Poker Limited. Our services are not available to residents of the United States, US Virgin Islands, US Minor Outlying Areas or Turkey or any other jurisdiction that legally prohibits its citizens from engaging in online gaming.