Sportech (SPO)

Sector:

Tourism and Leisure Services

Index:

FTSE Fledgling

 18.15p
   
  • Change Today:
      0.000p
  • 52 Week High: 34.75
  • 52 Week Low: 11.00
  • Currency: UK Pounds
  • Shares Issued: 188.75m
  • Volume: 410
  • Market Cap: £34.26m
  • RiskGrade: 339

Sportech in talks about buying iLottery provider LOT.TO

By Michele Maatouk

Date: Friday 16 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Betting technology business Sportech announced a strategic alliance with iLottery provider Lot.to Systems (LOT.TO) on Friday and said it has entered exclusive negotiations with a view to buying the company
Sportech said the deal would be "non-material" in the context of the group, but the alliance will provide mutual clients with a broader suite of gaming opportunities and the acquisition would further solidify its global gaming services positions.

Executive chairman Richard McGuire pointed out that the global gambling market is expected to reach an annual turnover of $635bn by 2020, with the lottery sector accounting for about 30% of that.

"Our strategic alliance with LOT.TO will enhance our existing successful core lottery product and will help us to capitalise on the worldwide growth of lottery and lottery-style games and reach an ever-expanding digital audience," he said.

UK-based and regulated, LOT.TO is a digital specialist and B2B partner for online gaming businesses. Its products include inventive lottery and betting games and state of the art player management systems delivered on its cloud-based 'iLottery' platform.

LOT.TO co-founder Andrew Lindley said: "Our future with Sportech is hugely exciting because our clients can benefit from the combination of Sportech's proven robust processing technology and hardware and our innovative iLottery platform in a single offering as well as the obvious synergies in sports betting platforms. Together, we can offer clients a truly world-class omni-channel solution that's incredibly powerful."

At 0900 GMT, the shares were down 2.2% to 39.52p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sportech Market Data

Currency UK Pounds
Share Price 18.15p
Change Today 0.000p
% Change 0.00 %
52 Week High 34.75
52 Week Low 11.00
Volume 410
Shares Issued 188.75m
Market Cap £34.26m
RiskGrade 339

Sportech Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.03% above the market average29.03% above the market average29.03% above the market average29.03% above the market average29.03% above the market average
25.71% below the sector average25.71% below the sector average25.71% below the sector average25.71% below the sector average25.71% below the sector average
Price Trend
81.29% below the market average81.29% below the market average81.29% below the market average81.29% below the market average81.29% below the market average
45.21% below the sector average45.21% below the sector average45.21% below the sector average45.21% below the sector average45.21% below the sector average
Income Not Available
Growth
71.22% below the market average71.22% below the market average71.22% below the market average71.22% below the market average71.22% below the market average
73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sportech Dividends

  Latest Previous
  Special Final
Ex-Div 23-Nov-17 n/a
Paid 18-Dec-17 n/a
Amount 29.00p 0.000p

Trades for 08-Jul-2020

Time Volume / Share Price
14:51 400 @ 17.40p
13:44 10 @ 18.85p

Sportech Key Personnel

CEO Richard Anthony McGuire
CFO Thomas Hearne

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