Sportech Plc has issued a business update, informing investors that Andrew Lindley has chosen to step down as Chief Executive of the London AIM wagering and racing systems provider. Investors were informed that Lindley would not stand for re-election as company leader ahead of today’s AGM. Lindley’s departure comes less than a year in charge of Sportech, in which he …
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Sportech Plc has announced that Giles Vardey has decided to end his tenure as Non-Executive Chairman of the London AIM-listed wagering and racing systems supplier. Last week, Vardey notified Sportech’s board of directors that he would not seek re-election as chairman of the company, a position that he had served since July 2019. Former Sportech Chief Executive Richard McGuire (2019-to-2021) …
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Sportech Plc has backed its ongoing transformation strategy and focus on cost management, as the London AIM-listed racing and wagering systems provider declared statutory profits of £34.6m today. The much-improved bottom-line results see the firm reverse full-year losses of £12m recorded during 2020 trading. 2021 developments saw Sportech complete the disposals of its Global Tote business to BetMakers – Bump …
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Sportech has announced the sale of its lottery supply contract with Loteria Electronica International Dominicana S.A. (Leidsa) to Inspired Entertainment for a total consideration of $14.5 million. The transaction will see Inspired take on responsibility for the provision of all lottery support services to Leidsa from LSE-registered betting and gaming tech firm Sportech, in what the latter firm lauds as …
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Sportech Plc has this morning confirmed that its leadership team of Richard McGuire (CEO) and Tom Hearne (CFO) will step down following the release of the company’s interim results on 9 September. The duo will be replaced by Sportech COO Andrew Lindley, who will serve as new CEO, supported by the promotion of Group Financial Controller Nicola Rowlands to CFO. …
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Sportech Plc continues its governance and leadership restructure, confirming that Interim Group Executive Chairman Richard McGuire has accepted the position of Group Chief Executive on a permanent basis. McGuire has led the London-listed wagering and racing systems supplier since November 2018, following the departure of former incumbent Andrew Gaughan as Group CEO. This May, McGuire presented Sportech’s AGM update, detailing …
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London-listed racing and wagering systems provider Sportech Plc has moved to restructure its executive leadership team, seeking to enhance its B2B structure and capacity. Absorbing the management of recently acquired LOT.TO, Sportech welcomes three new executives to its leadership team. Former LOT.TO CEO and Co-founder Andrew Lindley will take charge of Sportech operations as new Group COO. Lindley has prior …
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Next generation i-lottery systems and lottery games provider LOT.TO has confirmed that it will utilise Betradar (Sportradar AG subsidiary) betting software services to enhance its numbers based betting solution for sportsbook customers. In 2018, Betradar has moved to revamp its ‘numbers betting’ solution simplifying game formats whilst improving customer functionalities for its lottery components. Updating stakeholders LOT.TO development confirms that …
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LSE-listed wagering and racing systems provider Sportech Plc has entered a ‘strategic alliance‘ with London-based iLottery systems provider LOT.TO – seeking to ‘broaden its suite of gaming opportunities’. Sportech has moved to acquire LOT.TO’s enterprise outright on a share-for-share basis. The transaction sees LOT.TO continue to operate as a stand-alone outfit, with Sportech confirming that ‘the acquisition would be non-material …
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