Netplay TV looks to take over the Football Pools

Netplay TV has asked for its shares to be suspended on the AIM after an announcement that it was considering a reverse takeover of the Sportech owned football pools business estimated to be worth around £100m.

The football pools, formerly the backbone of the gambling industry in the UK, still attracts 300,000 weekly players though this is down from 10m at its peak. Screen Shot 2015-12-21 at 3.19.24 PM

Sportech was created in 2000 when the pools business was spun off from the wider Littlewoods Group. Shortly after in 2002 it acquired Zetters and in 2007 it succeeded in bringing the main football pools brands under one roof with the purchase of Vernons in 2007.

Digital gaming company Netplay was founded in 1999 by Israeli billionaire businessman Teddy Sagi who maintains a 28% stake in the business.

In 2013 Netplay acquired Vernons.com, the iGaming arm of Vernons for £3m.

Last month a deal which would have seen Contagious Gaming takeover Sportech collapsed after lengthy negotiations.

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