Key Developments: Sportech PLC (ROD.L)

ROD.L on London Stock Exchange

56.25GBp
19 Sep 2014
Price Change (% chg)

-2.00p (-3.43%)
Prev Close
58.25p
Open
57.75p
Day's High
57.75p
Day's Low
56.00p
Volume
158,939
Avg. Vol
237,386
52-wk High
94.06p
52-wk Low
56.00p

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Latest Key Developments (Source: Significant Developments)

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, Vernons.com, 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, Vernons.com (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

Sportech PLC And Picklive Limited Announce US Daily Fantasy Sports Joint Venture
Monday, 30 Sep 2013 02:00am EDT 

Sportech PLC announced a joint venture to launch Picklive USA. Picklive USA is an new gaming product targeting the rapidly growing U.S. fantasy sports market, worth an estimated $2 billion, through a combination of daily fantasy sports, social gaming and in-play entertainment. Picklive USA will be distributed nationwide and will leverage Sportech's reach in the U.S., where it currently processes 50% of all horseracing bets. The new fantasy games will extend Sportech's product offering beyond horseracing to a vast sports market, including U.S. professional-league football, baseball, basketball, hockey, and soccer. Picklive will be accessible to Sportech's existing customer base in Connecticut as well as to its B2B customers through eBet, Sportech's U.S. online division, which operates over 20 horserace betting websites.  Full Article

Sportech PLC Acquires Data Tote Limited
Friday, 27 Sep 2013 02:00am EDT 

Sportech PLC announced the acquisition of Data Tote Limited (Data Tote), a UK betting operator and technology and services provider focused on the European greyhound and horseracing betting market, for an initial consideration of GBP3.1 million. Upon completion of the acquisition, Sportech will exclusively provide betting services to 41 of the 43 greyhound tracks in the UK and Ireland.  Full Article

Sportech PLC's Subsidiary Agrees Contract To Supply Horse Race Betting Technology For Penn National Gaming Incorporated
Wednesday, 24 Jul 2013 08:10am EDT 

Sportech PLC announced that its U.S. division, Sportech Racing LLC, has signed a six year contract (with potential for two 1 year extensions) with Penn National Gaming Incorporated, the owner and operator of racetrack and associated betting facilities (together with numerous casino and slot machine venues) in the United States. Sportech Racing's contract with PNGI provides betting technology and associated services to PNGI-owned and/or operated properties across nine States and covers up to 11 racetrack properties, five off-track wagering venues and an Internet and telephone account wagering service.  Full Article

Sportech PLC Announces Ownership Interest Of PLAYTECH plc
Tuesday, 18 Jun 2013 02:00am EDT 

Sportech PLC announced that PLAYTECH plc has an interest of 9,933,270 (units), representing 4.99% of shares of the Company.  Full Article

BRIEF-Sportech says tribunal rules in favour of HMRC's appeal in VAT repayment claim

* Sportech has been given until 15 october 2014 from date of written decision to decide whether to seek permission to appeal

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