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Sportech has announced plans to enter the US horseracing sector

British online gambling group following Betfair into the American horserace sector
 
The British gambling group Sportech plc has announced ambitious plans to enter the US horseracing sector, having just achieved the approval of Connecticut and Maine regulators to acquire Scientific Games Racing (SGR), a subsidiary of Scientific Games Corporation (SGC).  The reported purchase price agreed is $ 83 million.
 
Notifying the London stock exchange of the agreement, the gambling group said it had agreed with Scientific Games Corporation to complete the deal by October 22 this year, and that the only remaining obstacle to completion was the approval of the New Jersey Racing Commission, which is expected to give the agreement its blessing around end September.
 
Acquiring SGC will substantially boost Sportech's pari-mutuel capacity, opening up new audiences in North, South and Central America as well as other international markets.
 
The deal, which has been under negotiation since early this year, involves Scientific Games acquiring a 19.9 percent holding in Sportech. Also involved (as a 12.5 percent partner in Sportech) is online gambling software developer Playtech, which invested GBP 10 million in the company earlier this year.
  
Online wagering on horseracing in the USA is permitted through exemptions for the sport in anti-internet gambling laws.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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