Tag Archives: Sportech
US – PlaySugarHouse launches retail sportsbooks in Connecticut
The Connecticut Lottery Corporation, Rush Street Interactive and Sportech have announced the launch of in-person sports betting at the first of 15 PlaySugarHouse retail sportsbooks in Connecticut. Beginning today, players will be able to place bets at Sports Haven in New Haven, CT. In the coming days, the retail sportsbooks at Bobby V’s Restaurant &…
US – Sportech strikes 10-year commercial agreement with Connecticut Lottery
Sportech have signed an exclusive 10-year commercial arrangement with the Connecticut Lottery Corporation which, subject to required regulatory consents, provides Sportech Venues, in conjunction with CLC’s sports book provider Rush Street Interactive, an ability to deliver sports betting across its retail estate and promotes CLC’s online and mobile channel. The agreement follows Sportech not being…
UK – Sportech sells global Tote business, Bump 50:50 and freehold property
Sportech has confirmed the closure of deals to sell its global Tote business to BetMakers, Bump 50:50 to Canadian Banknote and a freehold property in New Haven, Connecticut, with projected proceeds from transactions to total £36.1m. “I am pleased to announce these transactions are now complete and my gratitude goes to those dedicated professionals who…
UK – Sportech CCO announces departure
Sportech has announced that Julian Bewley, the company’s Chief Commercial Officer, is leaving to pursue other opportunities. The news follows the sale of the Global Tote business to BetMakers and Bump 50:50 to Canadian Banknote. Julian leaves Sportech having joined the group following the acquisition of LOT.TO, a business that he co-founded. Richard McGuire, Chief…
Australia – BetMakers set to acquire Sportech’s Global Tote business
Sportech has entered into a conditional agreement to sell its Global Tote business to Betmakers for a total cash consideration of £30.9m, subject to shareholder and relevant regulatory approvals. The Global Tote business provides pari-mutuel technology solutions and services to gaming businesses around the world, predominantly to the global horseracing betting industry. Its systems processed…
UK – Sportech cites reliance on sporting events for 38 per cent revenue fall
Sportech has announced its interim results for the first half of 2020, citing COVID-19 as having a material impact on performance due to the Group’s reliance on sporting events to generate revenue. Sportech posted pre-tax losses of £10.7m compared to £2.5m in 2019, with revenue down 38 per cent year-on-year to £20.2m. The group reported…
UK – Sportech names new division President
Sportech is pleased to announce key changes to its Bump 50:50 team, including the promotion of Dave Kurland to the position of President, to create the charitable raffle industry’s most experienced and innovative leadership team. Bump 50:50 is a leading provider of digital fundraising raffle solutions to philanthropic organisations with clients across the US and…
UK – SIS selects Sportech to provide global commingling solution
SIS (Sports Information Services) and Sportech PLC have announced a global commingling totalisator agreement that will allow SIS to create and disseminate a worldwide pool for greyhound racing. SIS, the leading supplier of 24/7 betting services to retail and online operators globally, will utilise Sportech’s Quantum™ System pari-mutuel betting software to offer the greyhound global…
US – Sportech and Sportradar team up to deliver sports betting for the US
Sportech, the international betting technology business, and Sportradar, the global leader in understanding and leveraging the power of sports data, have announced a commercial betting deal in the United States. Under the terms of the agreement, Sportech will be able to offer Sportradar’s trading and risk management services, as well as its comprehensive range of…
