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Tag Archives: Sportech

The Netherlands – Sportech selling Dutch racing division

Sportech is selling its Sportech Racing BV division to RBP Luxembourg for €3.25m. Sportech Racing BV is the company’s Netherlands business, which obtained a new five-year licence in June 2017 for the exclusive rights to carry out tote betting on horseracing in the Netherlands. This licence is operated in nine betting shops, 38 other outlets…

UK – Sportech well positioned following ‘transformation’ in first half

Sportech is well positioned following a ‘transformational’ six months which has seen expansion in Hong Kong, Denmark, the Netherlands and Connecticut in the US. Adjusted profit before tax improved by £1.5m to £1.1m during the first half of the year. The Group has cash of £76.2m at 30 June 2017, and no bank debt following…

UK – Football Pools to launch Commolgic’s BetUP

The Football Pools, owned by Sportech, is to launch in-play betting for the first time in its history through a new partnership with Commologic. Commologic will launch its in-play pool betting product BetUP in time for the start of the 2016-17 Premier League season, which begins August 13. BetUP will cover all major UK games,…

UK – Rich Roberts resigns from Sportech

Sportech has confirmed that Rich Roberts, President: Digital, USA, has resigned from the PLC Board with immediate effect. This follows a reorganisation of management responsibilities in Sportech’s North American activities following the withdrawal from our Draft Day Daily Fantasy Sports business obligations. Rich will work with the Company until the end of August to ensure…

Spain – Sportech to supply betting terminal to Hipodromo de la Zarzuela

Sportech Racing Digital, a division of Sportech, has entered into agreements for the sale of new betting terminal technology to key customers in South America and Europe. In Spain, Sportech will provide new Wave betting terminals to Hipodromo de la Zarzuela to replace the racetrack’s legacy terminals. The update is part of a global renovation…

US – Penn selects Sportech for remote pari-mutuel betting

Sportech Racing Digital has been selected by Penn National Gaming to deliver new internet and mobile solutions for pari-mutuel betting. Sportech will provide the G4 framework for Internet betting, and the Digital Link app for mobile betting, along with a package of associated services that includes call center betting, customer care, and tech support. Sportech…

US – Sportech to buy daily fantasy sports from MGT

MGT Capital Investments is to sell its daily fantasy sports assets including DraftDay, the third largest operator in the daily fantasy sports industry, together with the MGT Sports business-to-business network to Sportech. The transaction will provide MGT with approximately $7m in total consideration, including $4m cash; MGT will also retain an equity interest in the…

US – Emerald Downs and Eldorado Resorts sign up with Sportech

Sportech Racing and Digital, a division of Sportech, has signed new contracts to provide pari-mutuel betting technology and services to two key, long-term customers: Emerald Downs Racing and Eldorado Resorts, owner of Mountaineer Casino Racetrack & Resort, Presque Isle Downs & Casino, and Scioto Downs Racino. Under the new contracts, both negotiated with new owners,…

US – Sportech given New Jersey licence

The New Jersey Division of Gaming Enforcement has awarded Sportech Racing, a Casino Service Industry Enterprise Licence, under section 92(a) of the New Jersey Casino Control Act. It is understood to be among the first, if not the first, full gaming-related licence to be issued in New Jersey to a European-owned company. This follows a…