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PLAYTECH BUYS INTO UK FOOTBALL POOLS

From http://www.recentpoker.com - Playtech continued to dominate the industry news headlines this week with the announcement that it has negotiated a strategic relationship with Sportech plc - parent group of the The New Football Pools in the UK .
 
The agreement will see Playtech providing e-gaming solutions to Sportech, and subscribing for 19,881,020 ordinary shares of 50p each in Sportech, which will represent 9.99 percent of the enlarged issued share capital of Sportech in an investment worth some GBP 10 million. The agreed share price represents a discount of 10.71 percent on Sportech's closing price at the beginning of the week.
 
This proposed investment is part of the GBP 29.2 million capital needed by Sportech to fund its acquisition of Scientific Games Racing ('SGR'), the US-based pari-mutuel and venue management business division of Scientific Games Corporation, for up to $83 million.
 
The Sportech - SGR deal will open doors for Playtech to supply e-gaming products to both companies in addition to its earlier collaborative agreements with Scientific Games announced this week (see previous InfoPowa reports).
 
The combined player bases of the gambling companies are reported to be of considerable proportions in a variety of geographical locations. There is provision in the agreement for the companies to combine on future projects.
 
Commenting on the Sportech agreement, Playtech chief executive officer Mor Weizer said: "This is a further significant alliance for Playtech in the growing international regulated gaming arena. Through its acquisition of SGR, Sportech has strengthened its already leading position in regulated pari-mutuel markets by adding horseracing to football - two of the most popular gaming sports in the world. We share many of Sportech's goals in growing our business in regulated markets and look forward to helping the company fulfill its great potential."
 
Weizer revealed that Scientific Games Corporation, Playtech's new joint venture partner, is taking a 19.99 percent stake in the enlarged Sportech group, which further cements relationships between the companies "in this impressive international business."
In terms of the agreement with Sportech, Playtech is entitled to nominate one non-executive director to the Board of Sportech.
 
The Sportech deal is interesting in and of itself, because the football pools company is buying the racing and management subsidiary of  Scientific Games, which recently signed the major Sciplay collaborative agreement with Playtech plc. The cost of this acquisition is Euro 58.9 million, payable in shares and cash.
 
Sportech's goal in closing the deal is to expand its pari mutuel football betting operations into the horseracing sector, particularly in the lucrative continental North American region in addition to European and Scandinavian markets.
 
Sportech already has a JV in the Indian market through its agreements with the Indian company Playwin.
 
The GBP 10 million which Playtech is to put up to acquire a 10 percent stake in Sportech is complemented by another 20 percent of Sportech stock which SGR seller and Playtech partner Scientific Games has agreed to buy, thus providing Sportech with the wherewithal to go ahead with the SGR transaction.
 
The SGR sale requires Sportech to put an initial $65million on the table, followed by a further $10 million by end September 2013 along with payments of up to $8 million conditional on SGR meeting agreed performance targets over the next three years.
 
SGR management will be positioned on the Sportech, chief exec Ian Penrose said this week



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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