SPORTS BETTING

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 awarded a sports betting licence by the state regulator. The Group has stated that it then considered two options: to legally challenge the decision or construct a mutually beneficial relationship with one of the three parties awarded a sports betting licence.

Rob Simmelkjaer, Chairman of CLC, said: “We are very excited to partner with Sportech to bring retail sports betting to all corners of the state of Connecticut. Their existing locations and licensed staff will allow us to get to market quickly with RSI’s retail offering, and we look forward to working with them as we ramp up retail Sports Betting around the state.”

Richard McGuire, Sportech CEO, added: “Our customers have been demanding Sports Betting for many years and we are delighted to be part of the CLC team, bringing our proven locations, expertise and licensed betting professionals to support CLC in delivering an exciting Sports Betting product across the retail network and promoting their online and mobile channel.”