Tag Archives: Sportech
- Sportech CEO exits as company launches business review
September 18, 2017
UK-listed gambling operator Sportech has reshuffled its upper management ranks, bidding goodbye to both its CEO and CFO as it rethinks its business model. On Monday, Sportech announced that chief executive Ian Penrose and chief financial officer Mickey Kalifa had informed the board of directors of their intention to leave....
- Connecticut legislators approve tribes’ joint venture casino plan
June 7, 2017
Connecticut legislators have approved a joint venture casino project by the state’s two tribal gaming operators, but MGM Resorts says it will continue to fight the plan in federal court. On Tuesday, with the clock ticking on the legislature’s current session, the state Assembly voted 103 to 46 in favor...
- Sportech announces sale of Football Pools division (again)
March 2, 2017
Stop us if you’ve heard this one before, but UK-listed gambling operator Sportech says it’s sold its Football Pools business. On Thursday, Sportech filed its annual report, along with a notice announcing the £83m conditional sale of the Pools business to FP Acquisitions Ltd, a new entity controlled by European...
- Sportech finally prevails in £97m, seven-year fight with UK taxman
December 9, 2016
UK-listed gambling operator Sportech got an early Christmas present after finally prevailing in its seven-year, £97m fight with the UK taxman. On Thursday, Sportech announced that the UK Supreme Court has refused to hear the appeal of Her Majesty’s Revenue & Customs (HMRC) over a value added tax (VAT) repayment...
- Sportech scraps sale of Football Pools to Burlywood Capital
November 1, 2016
UK-listed gambling operator Sportech has once again seen its attempt to sell its Football Pools division come to naught. In September, Sportech announced that it had reached agreement on a £97.25m all-cash deal to sell the Football Pools to Sportingbet founder Mark Blandford’s venture capital firm Burlywood Capital. On Tuesday,...
- Sportech preps £97m sale of Football Pools business to Burlywood Capital
September 13, 2016
Sportech appears to have struck a deal to sell its Football Pools business to a group led by Sportingbet founder Mark Blandford. On Tuesday, Sportech announced that it had entered into an exclusivity deal with venture capital firm Burlywood Capital, which is seeking to acquire The Football Pools business for...
Mark Blandford on making sense of IPOs
April 3, 2017
Sportech CEO exits as company launches business review
September 18, 2017
Mark Blandford on making the right investment
July 11, 2017