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Hardman & Co Research: Sportech plc (SPO): Bettor technology

·2-min read

Hardman & Co Research
05-Nov-2020 / 15:30 GMT/BST

Hardman & Co Research: Bettor technology

Sportech (SPO) supplies betting systems to over 400 clients in 38 countries, including the world's most widely deployed Tote solution. It has an exclusive licence to operate betting in Connecticut (CT) and is well placed to benefit from eventual legalisation of sports betting in the state. It also has a fast-growing charitable raffle business. The business has been interrupted by COVID-19, but has proved resilient, especially through online channels. There are opportunities to improve margins by transitioning from a mechanical model to a digital one. We would expect these benefits to come through over the next few years.

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https://www.hardmanandco.com/research/corporate-research/bettor-technology/

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About Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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EC2M 1NH

www.hardmanandco.com

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Contact:

Jason Streets



+44 20 7194 7622

 

js@hardmanandco.com

 

To contact us:

Hardman & Co
35 New Broad Street
London
EC2M 1NH

www.hardmanandco.com

Follow us on Twitter @HardmanandCo

Contact:

Jason Streets



+44 20 7194 7622

 

js@hardmanandco.com

 

End of Announcement - EQS News Service

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