The governance of London listed betting and racing systems provider Sportech Plc has confirmed that it has agreed on terms to sell its Netherlands subsidiary Sportech Racing BV to private investor RBP Luxembourg (‘RBP’). Sportech will carry-out the sale of Racing BV for a total cash consideration of €3.25 million on a ‘debt-free basis’. Last June 2017, Racing BV obtained a …
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A grim week for London-listed betting and racing systems provider Sportech Plc has seen its share price halved, as corporate governance halts its planned enterprise sale. On Wednesday, Sportech published a corporate update, confirming that it had uncovered a ‘series of accounting irregularities for 2017 trading’. The unexpected event, sees Sportech governance anticipate 2017 corporate earnings to ‘fall below expectations’ …
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Sportech Racing and Digital has announced that it has entered into a fresh multifaceted agreement with the Puerto Rican Camarero Racetrack. The division of Sportech PLC, has undertaken a new ten year contract with its long term customer, related to totalisator services and web and mobile pari-mutuel betting platforms. Through the Sportech Quantum System, pari-mutuel betting software and local operational …
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Danish racing track operator Dansk Hestevæddeløb APS (DHV) has selected Sportech Plc’s Racing & Digital division to be its lead supplier of pari-mutuel betting technologies, systems and services. At present, DHV operates nine racing tracks in Denmark, which betting services and systems have been primarily operated by state-owned gambling firm Danske Spil. Sportech Racing & Digital has acted as lead …
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123gaming Limited has launched a Seedrs crowdfunding campaign for its 123Bet racing product, with the company seeking to raise £1 million in funding for a combined 11.66% of equity. The racing enterprise generates revenue through the operation of its online wagering site www.123bet.com and its 123racing Pick6 wager via Sportech’s tote platform. The wager, which is similar to a handicapping contest, pits …
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Updating the market London-listed Sportech Plc has confirmed the appointment of Andrew Gaughan, President, Sportech Racing // Digital, to its Board as an Executive Director with immediate effect. Gaughan has been a member of Sportech leadership since 2010 leading the significant growth of the firms digital racing products and services within its core US market and in new territories. Further …
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Ellis Park (Henderson – Kentucky) has selected Sportech Racing and Digital (subsidiary of Sportech Plc) as its new provider of pari-mutuel betting systems and provisions. The contract will see Sportech integrate its new QuantumTM system within Ellis Park stadia this January 2017. Ellis Parkone of the US’ oldest race tracks will be further supported by QuantumTM data provisions and the firm’s …
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Sportech Racing & Digital, a division of Sportech Plc has confirmed that it has renewed its supplier contract with Tote Ireland, which will see the company continue to supply pari-mutuel betting technologies and provisions. The racing technology supplier detailed that it had won a competitive tender process for its renewal of services with Tote Ireland, a customer of Sportech since …
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The Macau Jockey Club (MJC) has restructured its pari-mutuel betting provisions integrating Sportech Racing Digital technologies delivered through the firm’s Quantum TM System. Partnering with Sportech, MJC properties will be supplied with ‘BetJet’ teller and self-service operated betting terminals. Furthermore, MJC also received a new betting website with Sportech’s G4 digital framework, the first implementation of G4 within the Asian …
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Sportech has announced that Rich Roberts, President of Digital and US Corporate Affairs, has stepped down from the PLC Board. He had been a Member of the Board of Directors since December 2013. Roberts’ resignation comes after a reorganisation of responsibilities for Sportech in North America, following the company’s withdrawal from business obligations with Draft Day Daily Fantasy Sports. However, …
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