Management Shake-Up<\/strong><\/h2>\nThe company\u2019s previous CEO, Ian Penrose, and CFO, Mickey Kalifa, both resigned in December. On Wednesday it announced Andrew Gaughan as its new chief executive, while the hunt for a CFO continues.<\/p>\n
“Whilst a sale of the company might have delivered an immediate further return to shareholders, in addition to the \u00a375 million ($104 million) returned last year, I am confident that the company has the potential to deliver significant long-term value to shareholders, especially if the US sports betting market is liberalised and also from further diversification strategies,\u201d said Gaughan.<\/strong><\/p>\n\u201cWe are focused on ensuring Sportech benefits fully from any changes in the US sports betting market and we anticipate announcing exciting new initiatives in due course.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares in Sportech, the former owner of the UK\u2019s Football Pools, nosedived on the London Stock Exchange on Wednesday, wiping more than 50 percent off the company\u2019s market cap. The crash came after the company was forced to issue a profit warning and confirm it had failed to find a buyer following recent acquisition talks. […]<\/p>\n","protected":false},"author":42,"featured_media":73035,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,1],"tags":[],"acf":[],"yoast_head":"\n
Sportech Shares Crash as Takeover Talks Break Down<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n