(Sharecast News) - Sports betting technology business Sportech has agreed the conditional sale of its Sports Haven property in New Haven, Connecticut, to Criterion Group for $6.75m (£5.1m) in cash.
The consideration represents a premium to the 30 June 2020 balance sheet gross asset value of the property of $1.65m (£1.2m).
Sportech said completion is subject to Criterion concluding acceptable due diligence on the property, which is expected to conclude towards the end of March next year.
Proceeds from the sale "will create further investment capital for the group's Connecticut business and further strengthen the group's financial position", it said.
13 Aug 2021 08:40
Sportech signs Connecticut sports betting deal
(Sharecast News) - Sportech has signed a deal with Connecticut Lottery Corporation that will allow the UK company to enter the state's retail sports betting market.
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