SIS's profits fall and further pressure on profitability is expected

SIS will broadcast racing from Korea into betting shops

SIS's profits have fallen sharply according to a major shareholder

SIS's profits fell sharply in the year to the end of March and face further pressure following the government's crackdown on FOBTs, according to one of its major shareholders.

The figures were revealed last week in the latest financial results announced by Catalyst Media Group (CMG), which has a 20.54 per cent shareholding in SIS.

CMG warned the government's decision to reduce FOBT stakes to £2 – and the betting shop closures expected to happen as a result – meant SIS's future results would be impacted.

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Bill BarberIndustry editor

Published on 17 December 2018inFeatures

Last updated 16:53, 17 December 2018

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