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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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