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Reschedule of Sport Events Impacts Sportech Trading
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.