In its interim management statement for the period July 1, 2011, to date, Sportech has reported its trading is in line with expectations for the full year as it awaits the formal award of a licence for the joint venture with India's Playwin.
2011 has been a year of transition for the company's online gaming operations as it transfers gaming software for many of its products to that provided by Playtech. Launching Vernons.com and LittlewoodsGaming.com on the Playtech platform, Sportech will commence the migration of customers to its new platforms over the next two weeks.
As a consequence of emerging regulation, the company's primary focus has been working with joint venture partner Playwin to extend its activities into the provision of pool games, initially focused on cricket and football.
The technical and initial product development work is almost complete and Sportech is awaiting the formal award of a licence to Playwin's parent company the Essel Group in order for the joint venture to supply pools products online to the licence holder.
Sportech announced a 100 per cent increase in revenue at the end of August.
