Board Appointment
Sportech PLC ("Sportech" or "the Company")
Directorate Change
Sportech PLC, one of the world's leading operators and suppliers of pools and tote gaming, announces that Mor Weizer has joined its Board as a Non-executive Director with immediate effect. As a result of Mr Weizer's appointment, Shmuel Weiss, Chief Operating Officer of Playtech, has resigned as a Non-executive Director of Sportech.
Mr Weizer is currently Chief Executive Officer of Playtech Ltd, the AIM-listed (AIM: PTEC) international designer, developer and licensor of software for the online, mobile and land-based gaming industry. Playtech owns 19,881,020 Sportech shares, representing 9.9 per cent of its issued Ordinary share capital, and enjoys a productive relationship with Sportech to provide a range of e-gaming, software products and services to the Company.
Mr Weizer was appointed Chief Executive Officer of Playtech in May 2007. Prior to this he was the Chief Executive Officer of one of its subsidiaries, Techplay Marketing Ltd which oversaw licensee relationship management, product management for new licensees and the group's marketing activities. Prior to joining Playtech, Mr Weizer worked for Oracle and before this, worked in a variety of roles, including as an auditor and financial consultant for PricewaterhouseCoopers and a system analyst for Tadiran Electronic Systems Limited.
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For further information, please contact:
Sportech PLC 0207 268 2400
Ian Penrose
Pelham Bell Pottinger 0207 861 3232
David Rydell / Rosanne Perry/ Emma Kent
Investec 0207 597 5970
Patrick Robb
About Sportech PLC
Sportech is one of the leading suppliers and operators of pools/tote betting in the world. Every year we process over $13 billion in bets and we have a presence in 30 countries. Our businesses include:
· The Football Pools: The world's oldest football gaming company, founded in 1923. The Football Pools has paid out over £10 billion in prize money and donated over £1.1 billion to good causes in Sport and the arts. The Football Pools is an official licensee of The English Premier League and Football Leagues, and official partner of the Scottish Premier League and Football Leagues. Over 500,000 customers play The Football Pools every week and we operate across a number of channels including postal, telephone, collectors, retail and online.
· Sportech Racing: Comprising the former Scientific Games Racing and Autotote Enterprises, Sportech Racing is recognised within the industry as the leading provider of pools/tote wagering services to the horseracing industry. We provide a wide range of wagering technology solutions to racetracks, off-track betting networks (OTBs), internet wagering operators and casinos. Our customers are some of the biggest racing organisations in North America, Europe, Latin America, the Caribbean and Asia.
As part of our Sportech Venues business, formerly Autotote Enterprises, we operate 14 Off Track Betting (OTB) venues (licenses allows 18) and a telebet business, under an exclusive license in perpetuity to operate pari-mutuel wagering on horseracing in the state of Connecticut U.S.A. We also operate OTB venues, Point of Sale facilities and online wagering, under an exclusive license to operate pari-mutuel wagering on horseracing in the Netherlands until 2013.
· Sportech e-Gaming: As the trusted name in online gaming, Sportech operates some of the most established brands in the industry including Littlewoods, Vernons and Game On. We have a wide product range which includes online bingo, casino, poker, instant win games and lotteries.
For more information on Sportech PLC, please visit www.sportechplc.com
This information is provided by RNS