Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video 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

International Commingling Contract

17 Apr 2020 07:00

RNS Number : 9396J
Sportech PLC
17 April 2020
 

For immediate release

17 April 2020

 

 

Sportech PLC

('Sportech' or the 'Group')

 

International Commingling Contract

 

Sportech PLC (LSE: SPO), an international betting technology business, is pleased to announce the commencement of a multi-year international commingling agreement with UK Tote Group.

 

The international commingling agreement will enable UK Tote Group to utilise Sportech's worldwide Quantum™ commingling ecosystem to access horseracing and other sporting pools across the globe. Such access supports their international growth aspirations including the recently announced enhanced partnership with The Hong Kong Jockey Club.

 

In addition to the new international commingling agreement, Sportech formally handed over a proprietary digital platform on which Sportech has worked closely with UK Tote Group over the last year to jointly create and deliver. The new platform gives UK Tote Group cutting edge digital technology in a fully containerised, cloud-based solution to grow their online business. The new digital platform is directly connected to Sportech's worldwide commingling ecosystem, bringing a myriad of opportunities for the deployment of additional Tote products from international operators.

 

Richard McGuire, Chief Executive of Sportech, said: "Sportech has invested heavily to develop its Quantum™ global network and to improve the quality of its international business. The global market for pool betting is in excess of US$100 billion and UK Tote Group has an impressive team with ambitious plans. Sportech is delighted to extend its relationship with UK Tote Group to support their global initiatives."

 

Alex Frost, Chief Executive of UK Tote Group, said: "This agreement with Sportech demonstrates further commitment to our international development plans and a desire to see our pools betting operation lead the way in technological innovation to help grow betting on horseracing around the world."

 

- Ends -

 

Publication on website

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

 

Contacts:

 

Sportech PLC

Tel: +44 117 902 9000

Richard McGuire, Chief Executive Officer

 

 

 

 

 

 

Peel Hunt

 

Tel: +44 (0) 20 7418 8900

(Corporate Broker to Sportech)

George Sellar / Andrew Clark / Will Bell

 

 

 

 

Buchanan

 

Tel: +44 (0) 20 7466 5000

(Financial PR adviser to Sportech)

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 90 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.
 
END
 
 
MSCBUGDSDXBDGGL
Date   Source Headline
17th Oct 20237:00 amRNSCancellation - Sportech PLC
16th Oct 20237:00 amRNSMatched Bargain Dealing Facility
13th Oct 20233:31 pmRNSHolding(s) in Company
12th Oct 20235:45 pmRNSSportech
9th Oct 20232:17 pmRNSHolding(s) in Company
5th Oct 202310:00 amRNSResult of General Meeting
28th Sep 202311:50 amRNSDirector/PDMR Shareholding
28th Sep 202310:03 amRNSHolding(s) in Company
28th Sep 20239:55 amRNSHolding(s) in Company
27th Sep 20234:00 pmRNSDirector/PDMR Shareholding
25th Sep 202312:21 pmRNSDirector/PDMR Shareholding
25th Sep 20237:00 amRNSHolding(s) in Company
19th Sep 20237:00 amRNSPublication of Circular and Notice of GM
14th Sep 20237:00 amRNSNotification of Major Holdings
11th Sep 20237:01 amRNSProposed De-lisiting
11th Sep 20237:00 amRNSHalf-year Report
30th Aug 20232:02 pmRNSNotification of Major Holdings
27th Jul 20231:35 pmRNSCapital distribution dates
24th Jul 20235:25 pmRNSTotal Voting Rights and Distribution
19th Jul 202312:00 pmRNSResult of Meeting
28th Jun 20237:00 amRNSPosting of Circular, Notice of GM and Distribution
26th Jun 20237:00 amRNSShare Restructure, Distribution and GM
30th May 20235:48 pmRNSResult of AGM
30th May 20237:00 amRNSAGM Trading Update
5th May 20237:00 amRNSNotice of AGM
18th Apr 20237:00 amRNSFinal Results
28th Feb 20233:34 pmRNSNotification of Major Holdings
24th Jan 20237:35 amRNSFY 2022 pre-close update
4th Jan 20234:13 pmRNSNotification of Major Holdings
24th Oct 20228:30 amRNSDirector/PDMR Shareholding
17th Oct 20227:00 amRNSNotification of Major Holings
17th Oct 20227:00 amRNSNotification of Major Holdings
14th Oct 20229:44 amRNSNotification of Major Holdings
14th Oct 20227:00 amRNSDirector/PDMR Shareholding
11th Oct 20224:41 pmRNSSecond Price Monitoring Extn
11th Oct 20224:35 pmRNSPrice Monitoring Extension
1st Sep 20227:00 amRNSInterim Results
24th Aug 20227:00 amRNSDirectorate Change
28th Jul 20227:00 amRNSDirectorate Change
31st May 20222:00 pmRNSResult of Annual General Meeting
31st May 20227:00 amRNSAGM Trading Update and Board Changes
25th May 20227:00 amRNSDirectorate Change
6th May 20227:00 amRNSNotice of Annual General Meeting
27th Apr 20227:00 amRNSStatement re Capital Distribution to Shareholders
14th Apr 20227:00 amRNSDirectorate Change
1st Apr 20227:00 amRNSDirectorate Changes
31st Mar 20227:00 amRNSFinal Results
22nd Mar 20221:42 pmRNSNotification of Major Holdings
22nd Mar 202211:09 amRNSNotification of Major Holdings
15th Mar 20224:46 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.