Sportech Directorate change 4th September 2025

 

 

4th September 2025

Sportech Ltd

(‘Sportech’ or the ‘Group’)

Directorate Change

Sportech Ltd, a US-focused entertainment and betting business, announces that Clive Whiley has decided to resign from his role as a Non-Executive Director.

Clive joined the Sportech Board in April 2022 during a transformative period for the company. His strategic insight has been pivotal in guiding Sportech through significant milestones, including its delisting from the AIM market and the successful return of substantial capital to shareholders. Clive’s decision to resign reflects the increasing demand for his expertise in the UK, as Sportech continues to focus exclusively on its US operations.

Richard McGuire, Executive Chairman of Sportech, stated: ” On behalf of the Board and our shareholders, I extend heartfelt gratitude to Clive for his outstanding contributions over the years. His expertise has been instrumental in shaping Group strategy and strengthening the business foundation during a critical phase. We wish him every success in his future endeavours.”

Clive Whiley, remarked: “For more than three years with Sportech, I have been part of a profound shift, returning significant capital to investors and driving numerous strategic successful partnerships. As I turn my attention to fresh opportunities in the UK, I am confident in the company’s future path and anticipate ongoing developments.”

Sportech Ltd remains committed delivering increased value to its stakeholders in the dynamic US entertainment and betting market.

 

For further information, please contact:

Richard McGuire, Executive Chairman, Sportech Ltd

Email: [email protected]

www.sporetchplc.com   or   www.jpjenkins.com/company/sportech

Sportech Directorate Change

21st August 2025

Sportech Ltd

(‘Sportech’ or the ‘Group’)

Directorate Change

Sportech Ltd, a US-focused entertainment and betting business, announces that Paul Humphreys has decided to resign from his role as a Non-Executive Director, with his resignation taking effect from 31 August 2025.

Paul Humphreys joined the board in September 2022 and has played a pivotal role in shaping the company’s strategic direction, notably overseeing the delisting from the London Stock Exchange and supporting the subsequent restructuring to align with the operational needs of its exclusively US-based operations. His decision to step down comes at the end of his agreed initial three-year term and stems from a desire to pursue new opportunities, and the departure has been reluctantly accepted by the board.

Richard McGuire, Executive Chairman of Sportech, said: “On behalf of the board and our shareholders, I extend our heartfelt gratitude to Paul for his invaluable contributions to the development of our group strategy over the past three years. His professionalism during a transformative period has strengthened our foundation, and we wish him every success in his future endeavours.”

Paul Humphreys commented: “Since joining Sportech three years ago, I have witnessed and contributed to a significant transformation, establishing a robust platform for future growth. As I shift my focus to potential new opportunities, I am confident in the company’s trajectory and look forward to observing its continued success.”

 

For further information, please contact:

Richard McGuire, Executive Chairman, Sportech Plc

Email: [email protected]

www.sporetchplc.com   or   www.jpjenkins.com/company/sportech

Sportech FY 2024 annual report results

23rd May 2025

Sportech Ltd

(‘Sportech’ or the ‘Group’)

FY 2024 Annual Report Results

Sportech, an international betting and hospitality business is pleased to release its Annual Report and Accounts for thefinancial year ended 31 December 2024 (‘FY 2024’). These can be located on the Sportech website and on JP Jenkins website:

www.sportechplc.com/investors/results/    www.jpjenkins.com/company/Sportech/

 

FY ’24 Financial Overview

Revenue £23.1m (2023 £26.5m )
Gross Profit £12.7m (2023 £14.1m )
Adjusted EBITDA £1.5m (2023 £ 1.6m  )
Loss before Tax £0.1m (2023 £(0.8)m)
Cash £3.6m (2023 £ 3.8m  )

 

Adjusted EBITDA includes exceptional items

Excludes customer balances, note £3.4m returned to shareholders in FY’24

 

Performance Overview

The revenue decline in 2024 was primarily driven by a lower Pari-Mutuel (Tote) betting handle, as competition for discretionary wagering dollars intensified with the continued expansion of Sports Betting, iCasino gaming, and the launch of online lotteries in Connecticut. Additionally, Food and Beverage sales at three locations noted a slight dip, while adverse weather conditions in the early and late parts of the financial year impacted both the quality of available betting products available and customer footfall at physical venues.

Despite these challenges, Sportech was successful in largely mitigating the impact through  growth in Sports Betting net commission, growth in other diversified income streams and aggressively managed costs, resulting in only a modest reduction in reported EBITDA.

Sportech continues to establish new business partnerships, building on its solid foundation, seeking to deliver future shareholder returns.

Sportech remains committed to maximizing shareholder value, fostering growth in the US gaming sector, and leveraging its exclusive licenses to drive innovation and customer engagement.

 

Potential Assets sale

During 2024, the an independent party approached the Company, expressing interest in acquiring significant Group assets. Despite significant work by both parties, these negotiations have now ended without a binding offer being presented.

Corporate Initiatives

Sportech’s strategic initiatives included a successful transition to Fanatics Sportsbook across all locations as its sports betting provider under an agreement with the Connecticut Lottery Corporation (CLC). The Group also entered new commercial arrangements with leading U.S. betting operators, strengthening its market position. The company also completed the sale and leaseback of its Windsor Locks, CT property, contributing to a £3.4 million capital distribution to shareholders, bringing total returns to shareholders of £124.6 million, since 2017.

Financial Position The Groups cash position remains stable at approximately £3.6m at 31 December 2024 (c. 37 pence per share). The Group will continue to balance investment opportunities and capital returns where possible and remains focused on creating tangible increased value for shareholders in 2025.

About Sportech:

Sportech is an international betting and hospitality business, known for its innovative solutions in the sports betting industry. With a strong presence across multiple locations, Sportech is committed to providing exceptional service and cutting-edge technology to its retail customers.

Chairman comments

“We are proud of our resilience in navigating competitive and environmental challenges while delivering value to shareholders and enhancing our offerings for customers,” said Chairman Richard McGuire “Our focus on operational efficiency, strategic partnerships, and innovative betting platforms positions us for sustained success in 2025.”

For More Information:   www.sportechplc.com  or [email protected]

 

Note: This press release is for informational purposes and may include forward-looking statements that involverisks and uncertainties.