Online operator Sportech is aiming to increase their operational efficiencies while also planning to expand further into the US. The operator, which is hoping to reposition its teams for a new strategy outside of the US, has recently reported a disappointing financial mid-year interim, which has undoubtedly been the driving force behind their new efficiency changes.
Sales for the operator in the first half of the year had improved marginally as compared to 2017, up to £31.6 million from £31.2 million. They also reported that their gross profit edged up from £22.8 million to £22.9 million.
Andrew Gaughan, CEO of Sportech, explained to reporters that they are currently assessing further operational efficiencies with the hope of maintaining profit levels. He added that they also believe that online gaming markets outside of the US are moving to a more service-based platform, as opposed to the one-time sales contracts that the operator had grown accustomed to over the years.
The US market has seen some success for the operator recently with Gaughan hailing their recent partnership with Sportrader, which covers sports betting trading, data, technology platforms, and risk management.
Sportech has also said that they expect to see some continued “softness” in their overall wagering revenue before the end of the year at their Stamford, Connecticut venue. They lastly added that they expect to have a strong direct-to-consumer sports betting offering within their operating state, and that they are in a good position to start offering competitive sports and race betting solutions.
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