By Joe Hoppe
Sportech said Tuesday that business for the first four months of 2023 has been in line with the board’s expectations, backing management’s full-year outlook.
The London-listed betting-technology company continues to experience a stable rate of growth, underpinning full-year expectations including generating positive earnings before interest, taxes, depreciation and amortization. The company didn’t provide a specific figure, but it generated adjusted Ebitda of 1.6 million pounds ($2.0 million) in 2022.
The company said it was evaluating numerous opportunities with regard to its cash and will update investors and the market in due course.
“With great anticipation, we look forward to collaborating with the new Connecticut sportsbook provider as we approach an exciting period brimming with potential for collective success,” executive Chairman Richard McGuire said.
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