The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSPO.L Regulatory News (SPO)

  • There is currently no data for SPO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Contract extension with UK Tote Group

1 Oct 2020 07:00

RNS Number : 6802A
Sportech PLC
01 October 2020
 

 

For immediate release

01 October 2020

 

 

SPORTECH PLC

('Sportech' or the 'Group')

 

Multi-year Licensing and Services Agreement

 

Sportech PLC (LSE: SPO), an international betting technology business, is pleased to announce the commencement of a new multi-year licensing and services contract with UK Tote Group ("the Tote").

 

The agreement assures continued delivery of pools betting technologies and services via Sportech's Quantum™ System, which underpins the Tote's domestic pools betting as well as international commingling for access to global horseracing and other sporting pools. Quantum™ System is also the framework under which the Tote and its partners offer the international 'Tote Superpools' in coordination with the Hong Kong Jockey Club.

 

Richard McGuire, Chief Executive Officer of Sportech, said: "As announced at our Interim Results in September, extending client relationships is a key strategic initiative to help drive incremental growth at Sportech and we are delighted to extend our relationship with the Tote and solidify our work with their progressive team. The Tote is setting incredible new standards of innovation in pools betting, both domestically and globally, and we will continue to provide the foundations on which they build."

 

Mark Kemp, Managing Director of UK Tote Group, said: "Sportech continues to provide stable, large scale global technology and software services, supporting the product innovation and development for our UK and International Tote growth plans. We are pleased to be continuing our relationship with Sportech and look forward to their ongoing excellent support of our mission, to innovate and grow pool betting across the world."

 

Publication on website

 

A copy of this announcement is also available on the Group's website at www.sportechplc.com.

 

Contacts:

 

Sportech PLC

Tel: +44 (0) 117 902 9000

Richard McGuire, Chief Executive Officer

Tom Hearne, Chief Financial Officer

 

 

Peel Hunt (Corporate Broker to Sportech)

George Sellar / Andrew Clark

 

 

 

Tel: +44 (0) 20 7418 8900

Buchanan (Financial PR adviser to Sportech)

Tel: +44 (0) 20 7466 5000

Henry Harrison-Topham / Mark Court / Jamie Hooper

sportech@buchanan.uk.com

 

Notes to Editors:

 

About Sportech

Sportech PLC, an international betting technology business, delivers solutions and services for some of the world's best-known gaming companies, sports teams, racetracks, casinos and lottery clients as well as owning and operating its own gaming venues in Connecticut under exclusive licences.

 

The Group focuses on highly regulated markets worldwide. It has more than 29,000 betting terminals deployed to over 400 clients in 38 countries. Its global systems process US$12.3 billion in betting handle annually. In the US, it operates across 36 states. The Group has invested over US$60 million in the last five years in the successful expansion of its US gaming Venues, the diversification into raffle and lottery gaming platforms, and in developing its technology services, resulting in its proprietary Quantum™ System being the most widely deployed pari-mutuel betting system globally.

 

About UK Tote Group

UK Tote Group is the proud owner and steward of the Tote, the UK's leading pool betting operator. The Tote has been a core part of British horseracing since 1928 when it was established by Parliament under Winston Churchill as Chancellor of the Exchequer, to provide the public with a safe way to bet and vital funding for the sport.

 

UK Tote Group is committed to fulfilling Churchill's founding mission through a revitalised Tote which provides better value and an improved experience to customers, as well as funding for British horseracing.

 

The 90-year-old British company is backed by racehorse owners and breeders from around the world and has an exclusive partnership with British racecourses to provide pool betting services to the six million people who attend race meetings in Great Britain every year.

 

The Tote employs 120 people who are based in the Tote's main office in Wigan and a satellite office in London. www.uktotegroup.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
CNTLMMFTMTAJBBM
Date   Source Headline
17th Nov 20208:52 amRNSForm 8.5 (EPT/RI) - Sportech PLC
17th Nov 20207:00 amRNSPUBLIC OPENING POSITION DISCLOSURE
16th Nov 20207:00 amRNSSale of New Haven property
13th Nov 202012:00 pmRNSForm 8.5 (EPT/RI) - Sportech PLC
12th Nov 202012:00 pmRNSForm 8.5 (EPT/RI) - Sportech PLC
11th Nov 202012:00 pmRNSForm 8.5 (EPT/RI) - Sportech PLC
10th Nov 20204:35 pmRNSForm 8.3 - Sportech Plc
10th Nov 202012:22 pmRNSForm 8.3 - [Sportech plc]
10th Nov 202012:00 pmRNSForm 8.5 (EPT/RI) - Sportech PLC
9th Nov 20201:47 pmRNSForm 8.3 - Sportech Plc
9th Nov 20201:07 pmRNSForm 8.3 - Sportech plc
9th Nov 202012:00 pmRNSForm 8.5 (EPT/RI) - Sportech PLC
6th Nov 202011:01 amRNSForm 8.3 - Sportech PLC
6th Nov 20207:00 amRNSPossible Offer for Sportech
5th Nov 20203:30 pmEQSHardman & Co Research: Sportech plc (SPO): Bettor technology
29th Oct 20207:00 amRNSNotification of Major Holdings
14th Oct 20207:00 amRNSNotification of Major Holdings
9th Oct 20207:00 amRNSNotification of Major Shareholdings
1st Oct 20207:00 amRNSContract extension with UK Tote Group
25th Sep 202012:49 pmRNSNotification of Major Shareholdings
23rd Sep 20204:22 pmRNSNotification of Major Shareholdings
23rd Sep 20207:00 amRNSNotification of Major Shareholdings
10th Sep 20207:00 amRNSInterim results
25th Aug 20204:41 pmRNSSecond Price Monitoring Extn
25th Aug 20204:36 pmRNSPrice Monitoring Extension
13th Aug 20205:52 pmRNSNotification of Major Holdings
26th Jun 202010:29 amRNSResult of Annual General Meeting
26th Jun 20207:00 amRNSAGM Trading Update
5th Jun 20202:21 pmRNSNotification of Major Holdings
1st Jun 20207:00 amRNSNotice of Annual General Meeting
1st May 20201:30 pmRNSArticles of Association
17th Apr 20207:00 amRNSInternational Commingling Contract
16th Apr 20207:00 amRNSAnnual Report and Postponement of 2020 AGM
24th Mar 20204:43 pmRNSSecond Price Monitoring Extn
24th Mar 20204:39 pmRNSPrice Monitoring Extension
24th Mar 20207:00 amRNSDirector/PDMR Share Dealing
23rd Mar 20207:00 amRNSBoard Appointment
20th Mar 20204:48 pmRNSSecond Price Monitoring Extn
20th Mar 20204:42 pmRNSPrice Monitoring Extension
19th Mar 202012:08 pmRNSSecond Price Monitoring Extn
19th Mar 202012:02 pmRNSPrice Monitoring Extension
19th Mar 20207:00 amRNSFinal Results
18th Mar 202012:08 pmRNSSecond Price Monitoring Extn
18th Mar 202012:02 pmRNSPrice Monitoring Extension
18th Mar 20207:00 amRNSCOVID-19 Update
7th Jan 202011:00 amRNSNotification of Major Holdings
25th Nov 20197:00 amRNSFY 2019 Trading Update
28th Oct 20197:00 amRNSNotice of Trading Update
4th Oct 20194:10 pmRNSNOTIFICATION OF MAJOR HOLDINGS
4th Oct 201912:34 pmRNSNotification of Major Holdings

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.