Sportech starts 2016 off on right foot but Queen refuses to let VAT court fight die

UK-listed online gambling operator Sportech says it started 2016 off on the right foot while confirming that Her Majesty’s tax bloodhounds have no intention of giving up their VAT chase any time soon.

On Tuesday, Sportech released a trading update covering the year through May 16, with results in line with management expectations thanks to technological upgrades and the signing of some new customers.

On the latter front, Sportech Racing & Digital division inked a new wagering technology deal with the Macau Jockey Club, joining recent regional signings in Malaysia and Vietnam and the opening of Sportech’s new office in Singapore, which the company claims has “started to deliver results.” Sportech also delivered 400 new wagering terminals to Australian betting operator Tabcorp.

In the UK, Sportech broke new ground by doing business at this year’s Cheltenham Festival for the first time. Stateside, Sportech launched pari-mutuel wagering operations at two new tracks – Lone Star Park in Texas and Remington Park in Oklahoma – operated by the Chickasaw Nation’s Global Gaming Solutions.