Tag Archives: sportech

SIS picks Sportech software for greyhound global pool

SIS

SIS (Sports Information Services) has struck a commingling totalisator agreement with Sportech to create and disseminate a worldwide pool for greyhound racing. The company said it will utilise Sportech’s Quantum™ System pari-mutuel betting software to offer the greyhound global pool, leveraging Sportech’s “unrivalled worldwide reach and expansive global commingling capabilities”.  Sportech, meanwhile, will also provide hosting and operational services of …

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Transforming Sportech appoints Richard McGuire as Group CEO

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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Sportech delivers on ‘Ascot World Pool’ project

London-listed racing and wagering systems supplier Sportech Plc has announced that it successfully delivered the new “Ascot World Pool’, completing a ‘commingling project’ undertaken for major racing stakeholders Betfred Totepool, Ascot Racecourse, and Hong Kong Jockey Club. Launched at Royal Ascot 2019, the World Pool is a pari-mutuel betting pool designed to maximize liquidity by combining wagers from global Ascot …

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Richard McGuire – ‘Transforming Sportech’ confident on US prospects and progress  

Speaking at Sportech Plc’s annual general meeting (AGM), company Executive Chairman Richard McGuire has updated investors on the firm’s ongoing corporate transformation strategy seeking to deliver ‘longer-term profitability’. McGuire currently leads Sportech, following the departure of former Chief Executive Andrew Gaughan last November, as the LSE listed racing systems supplier detailed that it would miss 2018 corporate expectations due to …

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Ian Penrose backs ‘sports disruptor’ DataPOWA as non-exec Chairman

Industry figurehead Ian Penrose the former Chief Executive of London-listed Sportech Plc has backed new AI technology platform DataPOWA, a company seeking to revolutionise sports marketing. Penrose has become the technology firm’s Non-Executive Chairman, advising the enterprise as it develops its ‘POWA index’, a technology which will deliver global sports its first ‘data-driven real-time sports sponsorship value engine’. A twenty-year …

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Sportech closes year of US realignment recording £2.4 million loss

London-listed racing and wagering systems supplier Sportech Plc has published its full-year 2018 results, detailing a year of corporate adjustments as the company continues to pursue its US growth prospects. Updating the market, Sportech records a 4% decline in corporate revenues to £64 million (FY2017: £66 million) having detailed last November that expected sales contracts did not materialise. Despite its …

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Sportech completes acquisition of LOT.TO

London Stock Exchange (LSE) listed Sportech PLC has completed its outright acquisition of iLottery systems and games provider  LOT.TO. The acquisition is set to provide Sportech with a new digital gaming vertical for iLottery, as well as enhancing its internal capacities incorporating LOT.TO’s product proven technology development teams. It intends to cement the racing and wagering systems provider’s global gaming …

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Sportech appoints ‘transformation pro’ Chris Rigg as governance advisor

LSE-listed racing and wagering systems provider Sportech Plc has confirmed the appointment of Christian ‘Chris’ Rigg as an Independent Non-Executive Director, advising corporate governance from 1 January 2019. A + 20-year corporate finance executive, Rigg is a former Barclays Bank executive, who has served as Chief Executive of Northern Recruitment Group and UK pharmaceuticals supplier Quantum. Sportech governance notes the …

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Sportech broadens gaming capacities with LOT.TO strategic investment

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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Andrew Gaughan confirms Sportech leadership departure

London listed wagering and racing systems supplier Sportech Plc has this morning disclosed that Group Chief Executive Andrew Gaughan has informed governance of his intention to depart the company. Updating the market, Sportech confirms that Gaughan will officially leave the company on 28 February 2019. Gaughan the former Managing Director of Sportech US racing operations, was appointed Group CEO on …

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