Sportech Plc has entered a ‘conditional agreement’ with Canadian Banknote Company (CBN) to sell its Bump Worldwide Inc subsidiary for a ‘gross consideration’ of CAD $10 million (circa £5.7m). Bump is the digital and in-stadia draw-based raffles solutions subsidiary of Sportech Plc which primarily services North American pro-sports franchises and collegiate sports organisations. Updating investors, Sportech confirmed that it had …
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Canada sports betting ruling poses further threat to US Pro Leagues
While US sports betting’s 2014 agenda has been dominated primarily by New Jersey states attempt to approve sports wagering within legalised gambling premises (casino and race tracks). US concerns on sports betting, may soon shift cross border to Canada where authorities and media have begun to debate the legalisation of sports betting. Next January the Canadian Senate will review Bill …
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