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Scottish Gaming Firm Plans Online Casino

Sportech, a gaming company registered in Scotland, is keen for the United Kingdom’s regulation of the online casino industry to be fully implemented. The firm has announced its intention to establish an online casino catering specifically for the local market. The company has recently released six monthly results indicating that a significant part of its revenue increase from 157 million pounds sterling to 254 million is directly attributed to the growth of its online casino products.

The firm, which has marketed online casino products overseas, is keen to establish its own online casino for British casino players. And while many offshore gaming firms are reserving judgement on whether or not they will relocate to the United Kingdom, taxation rates are not expected to influence the Scottish based firm’s decision to launch its online casino business in Britain. The company is currently involved with television network ITV in order to establish an interactive gaming platform which could see British casino players benefiting from a range of the company’s casino products as early as March 2006.

While sales of Sportech’s online casino products continue to increase, the firm’s betting businesses Littlewoods and Bet Direct are performing strongly, despite revenues from horse racing being marginally down in the United Kingdom on last year. The gaming firm is also researching the possibility of offering online casino fans access to betting services via a mobile gaming platform.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.