Tag Archives: Global Tote

Raj Sanjanwala selected as new COO for BetMakers’ Global Tote division

Global Tote, a division of BetMakers Technology Group, recently announced the appointment of Rajen “Raj” Sanjanwala to the role of Chief Operating Officer.  Praised as an experienced technology professional with extensive experience in the international pari-mutuel wagering industry, Sanjanwala previously served as the Head of Tote Development for Sportech Racing and Digital, and most recently as Chief Technology Officer for …

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Strong H1 sees Sportech laud its ‘profits first’ identity

Sportech Plc has outlined its transformed organisation that is refocused on delivering a stronger balance sheet performance and profits for investors.  Publishing its first interim results as a London AIM listed enterprise, Sportech registered group revenues to £13.5 million up 70% on corresponding 2020 results of £7.9 million.  Period growth was attributed to Sportech’s 11 US Venue subsidiaries that registered …

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Sportech tempts investors with a £35m share buyout tender

Sportech Plc has revealed its intentions to launch a tender offer, which has proposed an ‘up to £35.5 million payout’ to existing company shareholders. The tender offer has been sanctioned by Sportech’s senior leadership, with the wagering systems provider aiming to recapture 47% of its issued share capital – reported to be 88.8 million ordinary shares. Sportech has offered its …

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Sportech begins its lightened tenure on London AIM

Sportech Plc has confirmed that it has completed its full public listings migration onto the London AIM exchange.  As of 8:00 AM this morning, the London AIM accepted the admission of Sportech shares priced at 20 pence each, with the wagering and racing systems supplier maintaining its ‘SPO’ ticker. Sportech’s listings migration was first proposed last June, as the company’s …

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Sportech terminates talks with Standard General

The Board of Sportech Plc has confirmed that talks with US investment firm Standard General have been terminated. This announcement follows Standard General’s revelation this morning that it did not intend to make an offer for the firm. Wagering and racing systems provider Sportech Plc revealed at the start of December that it had entered into a conditional agreement to …

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TopBetta raises AUS $9 million for ‘Global Tote’ US & Euro expansion

Updating the market, Australian ASX-listed racing pools operator TopBetta Holdings has confirmed that it has raised AUS $9 million (€6 million) to expand its international services.   The funding round has seen TopBetta governance place an allotment of +21.4 million shares priced at 42 cents, with firm securing investment from ASX institutional investors. Moving forward, TopBetta governance seeks to expand …

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