The parent company of Littlewoods BetDirect and Zetters released a statement ahead of next week interim figures
warning profit before tax for the first half is expected to be £5.2m.
Sportech blamed poor sports results for the 8% decline in gross win from the betting division and while it expects a return to gross win growth during the second half, it will not be at a level to regain the profit shortfall in the first half.
Additionally, the decline in revenue from its offline football pools business, which was higher than expected at 15%, is expected to continue during the second half at levels similar to the first half.
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