Pool betting operator and technology supplier Sportech has published interim results for the six months to June 30, showing a drop in both revenue and earnings (EBITDA) year on year.
Revenue for the first six months was £51m, down 6.1 per cent from £54.3m for the same period in 2014, adjusted for constant currency rates. EBITDA fell to £11m from 12.3m (constant currency).
Ian Penrose, chief executive, said in a statement: “We have built a portfolio of highly regulated businesses in the US and UK and have continued to invest in each to bring through innovation and technological improvements.
“We are now well positioned to build upon our unique position, based on our regulated racing and pools operations.
“Our industry is currently experiencing a period of considerable consolidation and we continue to explore all options to deliver strategic value for our shareholders. We remain confident in the underlying strength of the business."
