Morning Brief: Business Buzz

With your breakfast burrito or less interesting afternoon biscuit:

Sportech, the United Kingdom pools betting specialist, has revealed adjusted first-half pre-tax profits totaled £7.8 million, up 50 percent against the comparable period last year.

Progressive Gaming International Corporation on Monday inked agreements for a new credit facility with Private Equity Management Group and a convertible note agreement with International Game Technology worth a combined $30 million.

Roth Capital Partners, a brokerage in California, is projecting second-quarter results from Taiwan's GigaMedia Ltd. may come "in a little light on the top line as we believe the Euro Cup has had more of an impact on the company’s real-money business than we previously forecasted."

Ahead of first-half results from Ladbrokes, Daniel Stewart & Co. of London projects the following for the operator's online division: "Online revenue is forecast to grow by 16.0% to £90.6m (poker down, strong volume growth in sports, casino and bingo), with EBITA up by 0.3% due to reinvestment of cash in the brand (TV advertising), product development and international online expansion."