Tag Archives: sportech

Sports betting and betting pools technology provider,Sportech has completed the first phase of a multi-part technical delivery to Betfred. Sportech confirmed that the Sportech Racing and Digital division has completed the successful integration of Quantum System into Betfred’s Totepool business. The introduction of Sportech’s Quantum System is the first phase of a multi-part project and was showcased at Royal Ascot last …

Technology investment fund MGT Capital Investments (MGT) has confirmed the sale of daily fantasy sports operator DraftDay to newly formed business Random Outcome USA for a deal value of approximately $7 million. DraftDay, who are currently the third biggest US daily fantasy sports operator will be sold to its new venture owners, for $4 million cash and a further $3 …

Gambling technology supplier Aristocrat Gaming has confirmed the appointment of Brooks Pierce as the Managing Director of the Americas. Pierce has over twenty years’ experience in gambling commercials, marketing and corporate strategy having held executive management positions at Scientific Games and Sportech Plc. Pierce joins Aristocrat having ran strategic commercial consultant BHP Consulting Group in Delaware. Pierce will be based …

Sports betting wagering and systems operator Sportech has announced in its latest trading update that it has rejected a takeover bid for its Football Pools division. Last week The Times UK broke the news that Sportech governance was reviewing a takeover bid for the Football Pools. Sportech released the following corporate statement with regards to the bid “Following recent media …

The Times has reported that Sportech Plc is considering the potential sale of its UK Football Pools business. The Liverpool based betting pools and wagering systems operator who recorded a 5% decline in EBITDA earnings to £24 million, are reported to be open to listening to offers as the company looks to focus on expanding its US facing racing division. …

Sports wagering technology developer Sportech has expanded its presence in US racing with the announcement of two new pari-mutuel technology provision services deals with Emerald Downs and Eldorado Resorts. Sportech will undertake an upgrade of wagering services and track betting provisions for both operators. The developer outlined that it would further service Emerald Downs racing track with an entirely new …

Sportech Plc subsidiary division Sportech Racing & Digital, the providers of pool wagering systems has agreed a special services provision agreement with Spanish sports betting operator Apuesta Hipica y Deportiva Iberia (AHDI) The agreement will see Sportech Racing & Digital division provide a pari-mutuel betting provisions for AHDI gambling enterprises. Sportech will provide the betting services utilising its Quantum System …

Reporting on its 2014 full year financial performance, football pools and betting operator Sportech recorded declines in top line metrics as the firm reported a 2% decline in group revenues of to £104 million (FY 2013: £106 million). The firm further recorded a 5% decline in EBITDA earnings to 24 million (FY 2013:£25.3 million) Despite its decline in overall group performance, …

Sportech PLC has issued a statement announcing that its ongoing appeal against VAT repayment on its ‘Spot the Ball’ competition, will be held on the 2 November of this year. In September 2014, The Football pools, betting and racing operator had been ordered to pay back a £93 million (€115 million) tax rebate after the HM Revenue & Customs (HMRC) …

Kiron Interactive has signed an agreement with pool and tote betting technology provider Sportech Racing and Digital, a division of Sportech Plc, to supply virtual racing to racetracks in Latin America. The three-year deal will see Kiron’s virtual racing products incorporated into the Sportech Racing and Digital Quantum System wagering platform to complement the live on-course action. An initial roll-out …