Key Developments: Sportech PLC (ROD.L)

ROD.L on London Stock Exchange

49.00GBp
21 Nov 2014
Price Change (% chg)

-0.50p (-1.01%)
Prev Close
49.50p
Open
48.25p
Day's High
49.00p
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48.25p
Volume
5,234
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758,760
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94.06p
52-wk Low
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Latest Key Developments (Source: Significant Developments)

Sportech PLC's Sportech Racing Secures Contract to Provide Pari-Mutuel Tote Betting System to Danske Spil, Denmark's State Owned Gambling Operator
Thursday, 9 May 2013 08:00am EDT 

Sportech Racing LLC, a division of Sportech PLC announced that it has signed a contract with Danske Spil of Denmark to provide a pari-mutuel Tote Betting System (TBS). Danske Spil is a state owned company that - in addition to tote betting - offers betting, poker, casino and lottery products to the Danish Market through their 4,500 retailers and Danskespil.dk, one of the e-business sites in Denmark with more than 600,000 consumers. The contract will commence with delivery scheduled for May 2014 and an initial term of 5 years with two optional extension periods. The contracting company is Sportech's wholly owned subsidiary, Racing Technology Ireland. announces that it has signed a contract with Danske Spil of Denmark to provide a pari-mutuel Tote Betting System (TBS). Danske Spil is a state owned company that - in addition to tote betting - offers betting, poker, casino and lottery products to the Danish Market through their 4,500 retailers and Danskespil.dk, one of the largest e-business sites in Denmark with more than 600,000 consumers. The contract will commence with delivery scheduled for May 2014 and an initial term of 5 years with two optional extension periods. The contracting company is Sportech's wholly owned subsidiary, Racing Technology Ireland.  Full Article

Sportech PLC Does Not Propose Dividend
Wednesday, 6 Mar 2013 02:00am EST 

Sportech PLC announced that no dividend is proposed for the year ended December 31, 2012.  Full Article

Sportech PLC Appoints Chief Financial Officer
Thursday, 31 Jan 2013 02:01am EST 

Sportech PLC announced that it has appointed Mr. Cliff Baty as the new Chief Financial Officer. Mr. Baty will join the Board of the Company and assume the role of Chief Financial Officer on May 13, 2013. The Company also announced that the current Finance Director, Mr. Steve Cunliffe, will be leaving the Company on March 6, 2013.  Full Article

Sportech PLC Announces Update on Claim for VAT Repayment
Tuesday, 29 Jan 2013 02:00am EST 

Sportech PLC announced that following the announcement on 11 October 2012 in respect of the above claim, the Company has been informed by the First Tier Tax Tribunal (the Tribunal) that it is likely to be notified of the Tribunal's decision in February 2013, rather than the end of January 2013, as previously expected. The claim is for a repayment of VAT in excess of £40 million (which could exceed £80 million with simple interest applied) for its Spot the Ball game for the period 1979 to 1996.  Full Article

eBet Ltd Sells Online Business To Sportech PLC
Wednesday, 19 Dec 2012 09:16pm EST 

eBet Ltd (eBet) and its 50% joint venture partner announced the completion of the sale of eBet Online Inc (the Sale), their US-based joint venture, to Sportech PLC for USD 9.3 million. eBet’s Online joint venture partner will continue to be party to the online business with Sportech through an agreed deferred payment of up to USD 3.25 million over a 3 years period in addition to its 50% share of the initial consideration. In addition, and prior to completion, eBet Online Inc repaid in full its outstanding debt of USD1.2 million to eBet. eBet Limited confirms that Net Proceeds, inclusive of the repayment of debt, is approximately USD5.8 million.  Full Article

Sportech PLC's Sportech Venues, Inc. Secures Approval To Provide Exclusive Online Wagering On Horseracing In Connecticut
Tuesday, 11 Dec 2012 02:00am EST 

Sportech PLC announced that its business in the United States has been granted permission to exclusively operate online wagering in the State of Connecticut on all horseracing. Sportech Venues, Inc. received approval from the Connecticut Department of Consumer Protection (DCP) to offer Account Wagering via the Internet to Connecticut residents 18 years of age and older (approximately 3.7 million residents in the State) in accordance with State law and regulation. The approval was granted under Sportech's existing licence to provide exclusive pari-mutuel wagering in perpetuity on horseracing, greyhound racing and jai alai in the State of Connecticut, which is offered through telephone wagering and off-track betting locations. Sportech expects that this online Account Wagering platform will launch by April 2013.  Full Article

BRIEF-Sportech to submit permission to appeal in "spot ball" VAT repayment claim

* Confirms that it intends to submit to Court of Appeal an application for permission to appeal in relation to VAT repayment claim on "spot ball" game

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