- Sportech's H1 pretax profit has fallen to £7.9m, from £87.8m. Revenue was £51.0m, from £52.6m. The comparative period enjoyed a £35.1m boost from exceptional income, plus £52.0m of exceptional finance income.

CEO Ian Penrose said:

"We have built a portfolio of highly regulated businesses in the US and UK, and have continued to invest in each to bring through innovation and technological improvements.

"We are now well positioned to build upon our unique position, based on our regulated racing and pools operations. Examples include the highly successful replacement of Betfred's Totepool entire hardware and software betting systems, and the realisation of a significant profit on our early online initiatives in New Jersey.

"Our industry is currently experiencing a period of considerable consolidation, and we continue to explore all options to deliver strategic value for our shareholders. We remain confident in the underlying strength of the business."

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