StockMarketWire.com - Sportech said good progress has been made on its strategic objectives and it continues to expect trading to be in line with expectations for the full year.

"We have become one of the first European gaming companies to be fully licensed in New Jersey, a gold standard for licensing globally," the company said in a statement.

"We have launched our iGaming activities in New Jersey in conjunction with Resorts Casino Hotel and NYX Gaming, renegotiated material improvements to an inherited onerous gaming contract in the State of Connecticut (initially concerning slots and sports betting) and have been actively involved in the debate regarding the potential for additional "satellite" casinos in Connecticut.

"We continue to secure new professional sports teams for our Bump 50/50 electronic in-stadia raffle business, as we diversify our gaming technology into professional sport in North America, from our extensive horseracing and greyhound racing base.

"Following recent media articles, the Board confirms that it has received an approach for The Football Pools which it has rejected as it did not match our valuation of the division."




Story provided by StockMarketWire.com