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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. 

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28 Nov 2014