State of Connecticut announcement regarding gaming

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 Giles Vardey, Chairman Richard McGuire, Chief Executive Officer Tom Hearne, Chief Financial Officer	Tel: [phone]
Peel Hunt LLP - Corporate Broker George Sellar / Andrew Clark / Will Bell	Tel: [phone]
Buchanan Henry Harrison-Topham / Jamie Hooper / George Beale [e-mail]	Tel: [phone]

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™ System being the most widely deployed pari-mutuel betting system globally.

 

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