Pool betting operator and technology supplier Sportech is aiming to cash in on US sports betting opportunities by utilising its presence in 37 states.
The London firm, which sustained pre-tax losses of £23.2m last year, says it is keen to use its geographical position to move swiwftly in the wake of the US supreme Court decision earlier this month permitting states to regulate sports betting.
Sportech owns and operates a network of off-track betting facilities in Connecticut, a state it believes will be an early adopter of a regulatory framework for sports betting.
“We have been a proactive supporter of legislation to regulate sports betting to combat the spread of illegal activity and to protect consumers,” said Sportech’s hief executive officer Andrew Gaughan.
“Sportech has a presence in 37 states and we therefore believe that we are extremely well positioned to act quickly and decisively in those states that pass legislation permitting sports betting in the wake of this decision.”
Sportech’s racing and digital division is trading broadly in line with management expectations and the company is focused on increasing its sales pipeline.
