UK-listed race betting operator Sportech Plc is eyeing US market expansion after reporting essentially stagnant results over the first half of 2018.

On Wednesday, Sportech reported revenue of £31.6m in the six months ending June 30, a nearly £2m decline from the same period last year, although the numbers were actually up £400k in constant currency terms. In real terms, gross profit was down £1.4m to £22.9m while adjusted earnings dipped by £800k to £3.3m.

The results don’t include contributions from the Netherlands-facing Sportech Racing BV division, which the company sold to RBP Luxembourg in April for £2.5m.

In constant currency terms, the Racing & Digital division reported flat revenue of £16.6m, while earnings dipped by £500k to £3.3m. Sportech operates around 27k betting terminals and 26 white-label betting sites for just under 300 racetrack, off-track betting network, casino, lottery and website customers.