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
5th Apr 20133:46 pmRNSDirector/PDMR Shareholding
25th Mar 20134:01 pmRNSDirector/PDMR Shareholding
25th Mar 20138:47 amRNSHolding(s) in Company
22nd Mar 201311:13 amRNSHolding(s) in Company
8th Mar 20137:00 amRNSSportech plc - Outcome of VAT repayment claim
6th Mar 20137:00 amRNSPreliminary Results
12th Feb 20136:38 pmRNSHolding(s) in Company
6th Feb 20134:34 pmRNSHolding(s) in Company
31st Jan 20137:00 amRNSAppointment of CFO
30th Jan 20137:00 amRNSNotice of Results
29th Jan 20137:00 amRNSTrading Update
25th Jan 20134:11 pmRNSHolding(s) in Company
20th Dec 20127:00 amRNSAcquisition of eBet
11th Dec 20127:00 amRNSSportech PLC Secures US State Online Licence
3rd Dec 20127:00 amRNSAppointment of Chief Operating Officer
15th Nov 20127:00 amRNSDirectorate Change
8th Nov 20127:00 amRNSInterim Management Statement
11th Oct 20127:00 amRNSVAT Claim heard at the First Tier Tax Tribunal
8th Oct 20127:00 amRNSSigning of strategic technology services agreement
3rd Sep 20123:34 pmRNSReplacement - Holding(s) in Company
3rd Sep 201212:53 pmRNSHolding(s) in Company
24th Aug 20124:19 pmRNSHolding(s) in Company
23rd Aug 20127:00 amRNSInterim results for the 6 months ended 30 June 12
24th Jul 20127:00 amRNSNotice of Results
19th Jul 20127:00 amRNSRefinancing to support Strategic Objectives
26th Jun 20123:43 pmRNSHolding(s) in Company
18th May 20125:19 pmRNSHolding(s) in Company
14th May 20124:45 pmRNSAnnual Information Update
11th May 20128:30 amRNSDirectorate Change
10th May 20122:58 pmRNSResult of AGM
10th May 20127:00 amRNSAGM and Interim Management Statement
19th Apr 20129:30 amRNSNotice of AGM and Annual Report posting
5th Apr 20123:57 pmRNSDirector/PDMR Shareholding
9th Mar 201211:52 amRNSDirector/PDMR Shareholding
7th Mar 20127:00 amRNSPreliminary Results for year ended 31 December 11
26th Jan 20127:00 amRNSNotice of Results
5th Dec 20119:59 amRNSDirector/PDMR Shareholding
5th Dec 20119:56 amRNSDirector/PDMR Shareholding
10th Nov 20117:00 amRNSInterim Management Statement
25th Aug 20117:00 amRNSBoard Appointment
25th Aug 20117:00 amRNSInterim Results
11th Aug 201111:10 amRNSDirectorate Change
10th Aug 20119:30 amRNSNotice of Results
25th Jul 20114:49 pmRNSHolding(s) in Company
21st Jul 20115:23 pmRNSHolding(s) in Company
21st Jul 20117:00 amRNSTrading Statement
20th Jul 201112:00 pmRNSHolding(s) in Company
14th Jul 20117:00 amRNSAnnual Information Update
16th Jun 20113:55 pmRNSHolding(s) in Company
24th May 20111:38 pmRNSHolding(s) in Company

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.