Tag Archives: sportech

Sportech sheds Bump weight to Canadian Banknote

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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Danske Spil renews Quantum contract with Sportech

Sportech Plc has announced a major client extension as Danske Spil, Denmark’s state-owned lottery operator, renews its pari-mutuel technology agreement with the racing systems provider.  The agreement will see Danske Spil continue to utilise Sportech’s ‘Quantum’ software as lead retail system for racing tote and pari-mutuel markets. Last year, Danske Spil undertook a group-wide overhaul of its retail racing system …

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Winning Post: US tribes scrabble for market advantage

Regulus Partners observes that US wagering’s heritage stakeholders are playing unsustainable word games to maintain market advantages… __________ Among all the drivers shaping sports betting adoption in the US, a very important factor often left out of accumulating lists is grammar and the meaning of words. On one level the importance of what words mean to the evolving landscape is …

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BetMakers given the green light to acquire Sportech

BetMakers given the green light to acquire Sportech

BetMakers Technology Group has completed an AU$50 million placement which will support its acquisition of Sportech‘s racing and digital assets. Sportech’s shareholders approved the acquisition yesterday, with the deal including its US, UK and European racing and digital assets valued at £30.9 million. Through the agreement, BetMakers will make an initial payment of £6.2 million before paying the balance of …

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BetMakers leads €34m pursuit of Sportech to supercharge global outlook

BetMakers Technology Group has this morning communicated that it has reached a ‘binding agreement’ with the board of Sportech Plc to acquire the company for AUS $56.2 (€34m) valuation, undertaken on a cash-free / debt-free basis. The ASX-listed technology group will acquire all Sportech US, European and UK assets and IPs, establishing the company as the leading global supplier of …

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Danske Spil orders Sportech pari-mutuel upgrade

Danske Spil, Denmark’s state-owned sports betting and lottery operator, has upgraded its horse racing wagering capacity by integrating Sportech’s flagship Quantum solution within its retail point-of-sales network. The Quantum upgrade will see Danske Spil’s entire retail network able to process pari-mutuel bets on horse racing, whilst providing a greater depth of pooled racing markets for customers. Danske Spil confirmed that …

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CrustLab: Pairing industry ‘know-how’ with software expertise

CrustLab

Many companies have the technical capacity to deliver custom software for web development and mobile applications, yet delivering solutions specifically tailored to the gambling industry can often come with a different set of challenges.  Adam Gontarz, CEO of CrustLab, explains why his company’s ‘industry know-how’ stands it apart from the competition, before discussing the impact of Apple guidelines, the size …

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Standard General notifies Sportech shareholders of rejected £54m bid  

New York hedge fund Standard General LLP has revealed that it has had a series of cash offers rejected by LSE-listed wagering and racing systems provider Sportech Plc.  The hedge fund said that its ‘latest cash offer’ of 28.5 pence per share, offering Sportech investors a 58% premium on the firm’s October LSE closing price of 18 pence per share, …

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Sportech and UK Tote Group renew sports betting partnership

Sportech has confirmed that it has signed a new multi-year licensing and services contract with UK Tote Group. The extended partnership will assure Sportech’s continued delivery of pools betting technologies and services via its Quantum System, which underpins the Tote’s domestic pools betting. The Quantum system will also allow the UK Tote to significantly deepen its pool volumes, featuring global …

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Sportech highlights new client wins under lockdown

Ahead of today’s AGM, Sportech Plc has issued a trading update,  informing investors of further COVID-19 pandemic impacts and countermeasures undertaken by the LSE-listed wagering technology group.  Updating investors, Sportech explained that it has implemented its pandemic cost-saving measures announced during March trading, based on its forecast scenario that global sporting events would be curtailed through to the end of …

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