If you would like to learn more about future focusIR related events and roundtables, please submit your details 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

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
19th Aug 20159:32 amRNSForm 8 (DD) - Contagious Gaming Inc.- AMENDMENT
19th Aug 20158:06 amRNSForm 8 (DD) - Contagious Gaming Inc.
18th Aug 20152:55 pmRNSForm 8.3 - Sportech plc
18th Aug 20152:24 pmRNSForm 8 (DD) - Contagious Gaming Inc.
18th Aug 201511:59 amRNSForm 8.5 (EPT/RI) - Sportech PLC
18th Aug 201511:29 amRNSForm 8.3 - Sportech PLC
17th Aug 20156:11 pmRNSForm 8.3 - Richard Griffiths - Sportech PLC
17th Aug 20152:58 pmRNSForm 8.3 - [Sportech plc]
17th Aug 20152:30 pmRNSForm 8.3 - Sportech Plc
17th Aug 20152:17 pmRNSForm 8.3 - [Sportech plc]
17th Aug 20151:59 pmRNSForm 8.3 - Sportech Plc - Replacement
17th Aug 20151:35 pmRNSForm 8 (DD) - Contagious Gaming Inc
17th Aug 201512:55 pmRNSForm 8.3 - Sportech plc
17th Aug 201512:16 pmBUSForm 8.3 - Sportech Plc
17th Aug 201512:07 pmRNSForm 8.3 - Sportech Plc
17th Aug 201511:59 amRNSForm 8.5 (EPT/RI) - Sportech PLC
17th Aug 201511:55 amBUSForm 8.3 - Sportech Plc
17th Aug 20159:52 amRNSForm 8.3 - Sportech PLC
14th Aug 20152:17 pmRNSStatement re. Press Speculation
23rd Jul 20157:00 amRNSNotice of Interim Results
26th Jun 201510:57 amRNSHolding(s) in Company
24th Jun 20151:45 pmRNSSportech complete first phase of Betfred delivery
16th Jun 20151:00 pmRNSPDMR Share Dealings
28th May 201512:00 pmRNSSportech Sells Stake in Sportech-NYX Gaming
12th May 201511:38 amRNSResult of Annual General Meeting
12th May 20157:00 amRNSAGM Trading Update
22nd Apr 20157:00 amRNSSportech negotiate CT contractual improvements
21st Apr 20157:00 amRNSSportech Subsidiary Awarded New Jersey Licence
10th Apr 20151:00 pmRNSAnnual Report and Accounts 2014 and Notice of AGM
2nd Apr 20158:20 amRNSHolding(s) in Company
26th Mar 20152:12 pmRNSHolding(s) in Company
20th Mar 20153:44 pmRNSHolding(s) in Company
19th Mar 201510:28 amRNSTotal Voting Rights
13th Mar 201511:58 amRNSBlocklisting Application
10th Mar 20159:00 amRNSLTIP Option Awards
4th Mar 20157:00 amRNSPreliminary Results
27th Feb 20157:00 amRNSSNG Interactive creates new online gaming platform
26th Feb 20153:38 pmRNSHolding(s) in Company
10th Feb 20158:32 amRNSHolding(s) in Company
4th Feb 20157:00 amRNSUpdate - VAT repayment claim
3rd Feb 20154:07 pmRNSHolding(s) in Company
29th Jan 20157:00 amRNSNotice of Results
13th Jan 20158:43 amRNSSportech Granted Right to Appeal
19th Dec 20142:37 pmRNSBlocklisting Application
10th Dec 201411:35 amRNSHolding(s) in Company
3rd Dec 20143:51 pmRNSHolding(s) in Company
28th Nov 201410:35 amRNSHolding(s) in Company
11th Nov 20147:00 amRNSTrading Update
7th Nov 201411:55 amRNSHolding(s) in Company
6th Nov 20141:09 pmRNSUpdate - VAT repayment claim

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.