Key Developments: Sportech PLC (ROD.L)

ROD.L on London Stock Exchange

6 Oct 2015
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Latest Key Developments (Source: Significant Developments)

Sportech PLC sells stake in Sportech-NYX Gaming
Thursday, 28 May 2015 07:00am EDT 

Sportech PLC:Sold its 50 per cent stake in Sportech-NYX Gaming, LLC (SNG) to its joint venture partner NYX Social Gaming LLC, a wholly-owned subsidiary of NYX Gaming Group Ltd (NYX).It is for a total consideration of up to C$22.9 mln (12.0 million Pounds ).  Full Article

Sportech sees FY 2015 trading outlook to be in line with expectations
Tuesday, 12 May 2015 02:01am EDT 

Sportech PLC:Expects FY 2015 trading to be in line with expectations.  Full Article

Kiron And Sportech Sign LatAm Racetrack Partnership
Thursday, 29 Jan 2015 04:00am EST 

Sportech Plc:Says that 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.Says 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.  Full Article

Sportech wins UK Tote contract
Tuesday, 8 Jul 2014 02:00am EDT 

Sportech PLC:Says its Racing & Digital division has been selected by Betfred to provide a comprehensive suite of new betting technology products to its Totepool business (previously known as The UK Tote).Ten year contract is expected to be worth over 9 mln pounds in total revenues.  Full Article

Sportech PLC's SNG Interactive agreement with Resorts Casino Hotel
Friday, 20 Jun 2014 02:00am EDT 

Sportech PLC:SNG Interactive its joint venture with NYX Gaming Group Limited enters into agreement to provide new online gaming platform to Atlantic City-based Resorts Casino Hotel.This follows Nov. 2013 decision by State of New Jersey to legalise online gaming.Sportech and NYX will each invest up to $2 mln in joint venture for this project and it is anticipated that gaming platform will launch by Jan. 2015.  Full Article

Sportech PLC receives contract from Great Canadian Gaming Corporation
Friday, 31 Jan 2014 08:01am EST 

Sportech PLC:Says it has been awarded a new contract to provide pari-mutuel tote wagering systems and services to Great Canadian Gaming Corporation, owner and operator of multiple racetrack and casino gaming venues in Canada.Says under the new agreement, Sportech will provide new teller-operated and self-service wagering devices as well as the mobile wagering service that allows patrons to conveniently wager with their own smart phone or tablet while on track.  Full Article

Sportech PLC reaches agreement to develop branded wagering and sports bar venues in California
Monday, 16 Dec 2013 02:00am EST 

Sportech PLC:Says it has signed an agreement with the Southern California Off Track Wagering, Inc. (SCOTWinc), for a license to allow Sportech to operate up to ten retail venues offering customers the ability to bet on horseracing in a sports bar and restaurant facility.Says the agreement will enable Sportech to expand its established sports bar and betting business in Connecticut to California, a State in which Sportech's technology systems process all bets on horseracing.Says Sportech will open the first sports bar, restaurant and betting venue at a location in the City of Norco, Riverside County, Southern California.Says the California Horse Racing Board (CHRB) approved the proposal on the Dec. 12, following Sportech's receipt of all relevant approvals from the City of Norco.Says the proposed 10,000 square feet purpose built facility in Norco is scheduled to open in the summer of 2014 and will combine betting technology with food and beverage retail operations.Says this location will be developed under a joint venture between Sportech and the Silky Sullivan Group LLC, a food and beverage operator based in Southern California.Says the joint venture will share equally the cost of construction (estimated at 1.6 million pounds for Sportech) and the profits generated.  Full Article

Sportech PLC enters into joint venture with NYX for online products and services in US
Thursday, 5 Dec 2013 02:00am EST 

Sportech PLC:Says it has signed a joint venture with NYX Gaming Group Limited (NYX) to provide online products and services in the US for social and pay-to-play gaming.Says Sportech and NYX will each hold a 50% interest in the joint venture company, and will equally share both the set-up costs, expected to be less than 250,000 pounds, and the profits.Says Sportech's interests on the Board will be served by Ian Hogg, Chief Operating Officer of Sportech's international consumer facing businesses, and Mark Gregory, Managing Director of Sportech's US digital business.  Full Article

Sportech PLC Announces Disposal Of e-Gaming Business,, To Netplay TV Plc
Thursday, 31 Oct 2013 03:00am EDT 

Sportech PLC announced that it has sold the assets of its UK facing e-Gaming business, (the Disposal) to the Gaming division of NetPlay TV plc, NetPlay TV Group Limited, for a total cash consideration of GBP3 Million. The Disposal comprises the Vernons branded online casino, poker, bingo and sportsbook websites, the rights to the customer database of these websites, together with transfer of customer accounts and the transfer of a number of employees. The net cash consideration receivable for the Disposal is GBP2.9 million following a GBP0.1 million contribution to restructuring costs, to be settled in full, in cash, on completion.  Full Article

BRIEF-Takeover Panel extends Sportech-Contagious Gaming deal deadline to Oct 9

* Sportech have requested that panel on takeovers and mergers extend relevant deadline to Oct. 9 2015 for Contagious to make a firm offer

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