SPY391.84+4.34 1.12%
DIA319.49+4.10 1.30%
IXIC13,597.97+132.77 0.99%

DJ Sportech Sees 2020 Adjusted Ebitda in Line With Its Views

· 02/05/2021 02:15

By Matteo Castia

Sportech PLC said Friday that it expects 2020 adjusted earnings before interest, taxes, depreciation and amortization to be in line with management forecasts, and that it is lowering the sale price of its New Haven, Conn., property.

The betting-technology company said it has negotiated a price of $6.0 million for the Connecticut property, down from the previously announced $6.8 million, as due diligence discovered the need for certain environmental enhancements.

"During 2020 and into 2021, in line with strategy, the group has exited certain businesses and assets to generate tangible investor returns, whilst continuing to evaluate further investment prospects within the Connecticut Venues business," the company said.

Write to Matteo Castia at matteo.castia@dowjones.com

(END) Dow Jones Newswires

February 05, 2021 02:15 ET (07:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.