Sportech said its sports betting business enjoyed a “stable” rate of growth in the first four months, with the group reiterating its “optimism” for achieving full-year expectations.
Sports betting handle increased by 16.7 per cent to US$36.4m, with Sportech saying US sports betting hold is “ahead of budget.”
Betting handle was up by 5.28 per cent to $68.7m from $65.2m in 2022.
Telebetting and online pari-mutuel wagering “eased from pandemic record levels,” Sportech said, with aggregate pari-mutel handle easing 5.15 per cent to $32.3m.
Richard McGuire, executive chairman of Sportech, said: “By capitalising on our exclusive pari-mutuel betting license, we have successfully tapped into a new demographic of sports betting enthusiasts, opening up valuable cross-selling opportunities.
“The addition of sports betting as part of our product range has played a pivotal role in ensuring the financial stability of our venues and paving the way for fresh avenues of growth.”