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Sportech Horse Betting Expanding in California

Monday December 16,2013 : SPORTECH HORSERACE BETTING EXPANSION IN CALIFORNIA
 
Expands U.S. footprint
 
Sportech PLC has been awarded a license by Californian horseracing body, the Southern California Off Track Wagering Inc.(SCOTWinc), allowing it to offer horserace betting at ten retail venues.
 
Under the terms of the agreement, Sportech will expand its established sports bar and betting business in Connecticut to California, where Sportech's technology systems process all bets on horseracing.
 
The company revealed the business’ total value exceeded $2 billion last year.
 
Currently there are just 36 locations in California where a customer is able to place a bet on horseracing in a gambling market reportedly worth an estimated $15 billion.
 
Sportech will open the first sports bar, restaurant and betting venue at a location in the City of Norco, Riverside County, Southern California.
 
The California Horse Racing Board ("CHRB") approved the proposal on the 12th December, following Sportech's receipt of all relevant approvals from the City of Norco.
 
The proposed 10,000 square feet purpose built facility in Norco is scheduled to open in 2014 and will combine betting technology with food and beverage retail operations provided by the Silky Sullivan Group LLC.
 
The joint venture between Sportech and the Silky Sullivan Group will share equally the cost of construction, which is estimated at $1.6 million for Sportech, and the profits generated.
 
Sportech and SCOTWinc have already partnered to open five locations in Southern and Central California, where Sportech provide betting technology and services for customers of third party sports bars to place bets.
 
We have worked closely with the horseracing and licensing authorities in California for a number of years, and I am pleased that we have reached this important milestone," said Ian Penrose, chief executive officer of Sportech.  "We are delighted to have received approvals to develop a branded sports bar and betting retail chain and look forward to establishing a dynamic and successful venture."

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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