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Reschedule of Sport Events Impacts Sportech Trading

Published

5 years ago

on

March 20, 2020

By

Reschedule of Sport Events Impacts Sportech Trading

Reading Time: < 1 minute

Sportech PLC, the UK-based online gambling company, has revealed that the postponement of global sporting events due to the Covid-19 pandemic impacted its trading.

However, the company has not provided definite financial guidance.

Sportech possessed GBP11.0 million cash at the end of February and did not have any debt. The company expects a GBP3.5 million dip in cash based on a scenario of the cancelling of sporting events through to the end of June.

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Related Topics:Covid-19 pandemic financial guidance global sporting events online gambling company Sportech PLC

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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