Sportech

LOT.TO acquired by Sportech

CasinoNews.Today Online

Sportech has completed the acquisition of UK-based online lottery solutions provider LOT.TO Systems.

Online gambling and entertainment business Sportech said the agreement will help to solidify its global gaming possibilities and services position.

Sportech takes a 100% in the business and noted the move will also enable the company to expand its suite of gaming services.

Financial details of the agreement are not disclosed, however, Sportech has said that the move will be non-material in the context of the group.

Sportech executive chairman Richard McGuire said:
“This acquisition will enhance the digital capabilities across all group business lines

“In addition, it will accelerate a strategy to further develop those growth opportunities, consolidate our sports betting capability, enhance our existing lottery product capabilities and support the digital development of our global pari-mutuel capabilities in an efficient and effective manner.”

Award-winning Lottery Games & iLottery Software LOT.TO has worked with gaming businesses including Lottoland and CelebPoker, as well as Sky and Virgin. The company’s products include lottery and betting games as well as player management systems provided via its cloud-based iLottery platform.

Sportech has disclosed its plans to acquire the UK-based online lottery solutions provider in November 2018, just days after the company issued a profit warning and announced the departure of CEO Andrew Gaughan.

LOT.TO acquired by Sportech was last modified: February 5th, 2019 by CasinoNews.Today
READ THIS  AGS deals with Bede Gaming
Source: