Buyout delivers for Sportech

GAMBLING group Sportech’s 2010 acquisition of Scientific Games Racing, the US racetrack business, has finally proved a success as it swung the British company to profit last year.

Sportech posted pre-tax profits of £8m, up from a loss of £5.9m in 2010.

Revenues jumped 66 per cent to £118.2m, of which £67.3m came from the American acquisition, rebranded Sportech Racing.