Updating investors, London-listed betting systems provider Sportech Plc has informed that it is on course to complete its sale of The Football Pools to London private equity firm OpCapita for £83 million. Sportech governance states that its will conclude the sale by the Football Pools by 8 June, with OpCapita special vehicle ‘FP Acquisitions Limited’ having been approved a betting …
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Updating the market this morning, London-listed racing technology and systems provider Sportech plc has confirmed that Roger Withers is set to retire as Chairman of the company and board on 24 May. A leisure and gambling expert who has held directorship positions at Playtech Plc and Arena Racing, Withers has led Sportech governance since 2011. Withers commented on his departure …
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The governance of London-listed racing technology and systems provider Sportech Plc has confirmed that it has accepted a £20.9 million buyback of shares issued under a ‘tender offer’. Issuing a corporate update to investors, Sportech governance detailed that it will seek to purchase approximately 20.6 million shares under the offer at a price of 101.5 pence each. Sportech detailed that …
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Updating the market, Sportech Plc has confirmed that it has entered a ‘conditional agreement’ to sell its Football Pools division for £83 million to ‘FP Acquisitions Limited’ a newly created company controlled by the funds of London private equity firm OpCapita. Seeking deal clearance, Sportech governance will now present the cash offer to its investors for approval. The Sportech board …
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Updating the market London-listed Sportech Plc has confirmed the appointment of Andrew Gaughan, President, Sportech Racing // Digital, to its Board as an Executive Director with immediate effect. Gaughan has been a member of Sportech leadership since 2010 leading the significant growth of the firms digital racing products and services within its core US market and in new territories. Further …
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Ellis Park (Henderson – Kentucky) has selected Sportech Racing and Digital (subsidiary of Sportech Plc) as its new provider of pari-mutuel betting systems and provisions. The contract will see Sportech integrate its new QuantumTM system within Ellis Park stadia this January 2017. Ellis Parkone of the US’ oldest race tracks will be further supported by QuantumTM data provisions and the firm’s …
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Sportech Racing & Digital, a division of Sportech Plc has confirmed that it has renewed its supplier contract with Tote Ireland, which will see the company continue to supply pari-mutuel betting technologies and provisions. The racing technology supplier detailed that it had won a competitive tender process for its renewal of services with Tote Ireland, a customer of Sportech since …
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Updating the market this morning, Sportech Plc has informed that its ‘The Football Pools’ division will not be sold to industry private equity firm Burlywood Capital. Last September, a sale of the Football Pools was announced with Burlywood governance agreeing to pay Sportech a total cash consideration of £97 million for its asset. Issuing a corporate update, Sportech’s CEO Ian …
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The Macau Jockey Club (MJC) has restructured its pari-mutuel betting provisions integrating Sportech Racing Digital technologies delivered through the firm’s Quantum TM System. Partnering with Sportech, MJC properties will be supplied with ‘BetJet’ teller and self-service operated betting terminals. Furthermore, MJC also received a new betting website with Sportech’s G4 digital framework, the first implementation of G4 within the Asian …
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Updating the market this morning, the board of Sportech Plc has announced that it has reached an agreement to sell The Football Pools to Burlywood Capital (Burlywood) for a total cash consideration of £97.25 million on a debt free/cash free basis. Sportech’s board will forward Burlywood proposal to investors, stating that the offer represented ‘an attractive opportunity to realise the …
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