TIDMSPO

RNS Number : 9931Q

Sportech PLC

03 March 2021

 
 For Immediate Release   3 March 2021

SPORTECH PLC

('Sportech' or the 'Group')

State of Connecticut announcement regarding gaming

Sportech, an international betting technology business, notes the announcement made by the State of Connecticut on 2 March 2021 in which it announced a proposal to expand gaming, specifically sports wagering and iGaming in a deal with the Mohegan Tribe and the State Lottery. The proposal includes 15 retail sports betting locations awarded to the State Lottery with a right to sub-license some of those locations to Sportech Venues.

Sportech notes that this announcement is somewhat contrary to the previous statements from the Governor. The Group is seeking further clarification and will update the market in due course.

Publication on website

A copy of this announcement is also available on the Group's website at www.sportechplc.com .

- Ends -

For further information, please contact:

 
 Sportech PLC                                Tel: +44 (0) 117 902 
  Giles Vardey, Chairman                                     9000 
  Richard McGuire, Chief Executive Officer 
  Tom Hearne, Chief Financial Officer 
 Peel Hunt LLP - Corporate Broker            Tel: +44 (0) 20 7418 
  George Sellar / Andrew Clark / Will Bell                   8900 
 Buchanan                                    Tel: +44 (0) 20 7466 
  Henry Harrison-Topham / Jamie Hooper                       5000 
  / George Beale 
  sportech@buchanan.uk.com

Notes to Editors:

About Sportech

Sportech PLC, an international betting technology business, delivers solutions and services for some of the world's best-known gaming companies, sports teams, racetracks, casinos and lottery clients as well as owning and operating its own gaming venues in Connecticut under exclusive licences.

The Group focuses on highly regulated markets worldwide. It has more than 29,000 betting terminals deployed to over 400 clients in 38 countries. Its global systems process US$12.3 billion in betting handle annually. In the US, it operates across 36 states. The Group has invested over US$60 million in the last five years in the successful expansion of its US gaming Venues, the diversification into raffle and lottery gaming platforms, and in developing its technology services, resulting in its proprietary Quantum(TM) System being the most widely deployed pari-mutuel betting system globally.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCDKNBQABKKKNK

(END) Dow Jones Newswires

March 03, 2021 02:00 ET (07:00 GMT)

Sportech (LSE:SPO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Sportech Charts.
Sportech (LSE:SPO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Sportech Charts.