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Sportech completed the acquisition of LOT.TO

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Sportech PLC, the international betting technology business, has  completed the acquisition of 100 per cent. of LOT.TO Systems Limited (‘LOT.TO’), a leading, UK-based digital gaming technology business.  As announced on 16 November 2018the acquisition is non-material in the context of the Group.

The acquisition provides Sportech with a leading digital gaming platform, iLottery, and a specialist team focused on innovative digital gaming technologies.  It will also help solidify the Group’s global gaming capabilities and services position.  Importantly, the acquisition also provides Sportech with growth opportunities through broadening the suite of gaming services offered by the Group.

UK-regulated LOT.TO is recognised as a digital specialist in the lottery sector providing turn-key solutions to its B2B client base.  Whilst its proprietary ‘Rapid Lotto’ and lotto betting verticals online have been its core consumer products, LOT.TO’s iLottery platform has the capability to operate in any gambling vertical including self-service POS terminals plus online and mobile interfaces.

Richard McGuire, Executive Chairman of Sportech, 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.”

The consideration will be satisfied by way of issuance of two million new Sportech ordinary shares of 20p each to the vendors (the ‘Consideration Shares’).  Applications have been made to the UK Listing Authority (‘UKLA’) and London Stock Exchange plc for the Consideration Shares to be admitted to the Official List of the UKLA and to trading on London Stock Exchange plc’s main market for listed securities (‘Admission’) and Admission is expected to occur on 7 February 2019.  The vendors are subject to a three-year lock-up arrangement in respect of their Consideration Shares (subject to certain customary exceptions), effective from today’s date.  Richard McGuire, Executive Chairman of Sportech, is one of the vendors (holding five per cent. of the issued share capital of LOT.TO) and will receive 100,000 Consideration Shares upon Admission.

 

About Sportech:

Sportech PLC, the international betting technology business, provides and operates betting technology solutions for some of the world’s best-known gaming companies, sports teams, and horse and greyhound racetracks, as well as owning and operating its own gaming venues in Connecticut under exclusive licences.

The Group focuses on highly regulated markets worldwide.  It has more than 27,000 betting terminals deployed to over 400 clients in 37 countries.  Its global systems process nearly US$12 billion in betting handle annually.  In the US, it operates under 35 licences across 37 states.  The Group has invested over US$60 million in the last five years in the successful expansion of its US gaming Venues and in developing its technology services, resulting in its proprietary Quantum™ System being the most widely deployed pari-mutuel betting system globally.

About LOT.TO:

Licensed by the UK Gambling Commission, LOT.TO is the trusted B2B lottery partner of some of the biggest regulated gambling companies in the world.  Backed by some of Europe’s most successful investors, LOT.TO makes lottery games more appealing, more accessible and more engaging for users.  Their aim is to open up online lottery and bet-on-lottery to new partners, enabling companies to offer captivating mobile and online lottery games and lotto jackpots to their customers.

 

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Sportech completed the acquisition of LOT.TO

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Ganapati to Launch Manny Pacquiao Slot Game in September

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Ganapati PLC is going to launch boxing legend Manny Pacquiao themed slot game in September. Proceeds from the game will go to the Manny Pacquiao Foundation, supporting children’s education in the Philippines.

The game’s focus on fighting represents the local communities’ fight for a brighter future, something that Pacquiao strives for in his role as a senator of the Philippines. Elected to the Philippine Senate in 2016, he was firmly established as a leading figure in politics.

“This opportunity is extremely exciting for us as it represents Ganapati’s considerable growth within the industry. We’re delighted to be involved in this project with the octuple champion Manny Pacquiao – a true global superstar. It is wonderful to know the extent to which Ganapati is now being recognised in the industry,” Juliet Adelstein, CEO of Ganapati Europe Holding and Ganapati Malta said.

“Manny Pacquiao has defeated countless powerful players in the past – no matter how strong his opponent, he always faces them head on and without fear. This mental strength of his can be seen not only in his role as a pro-boxer, but also as a politician and future leader of the Philippines. Manny Pacquiao is the most successful and respected athlete in Asia and an incredibly skilled and determined politician. It is an honour to be able to produce his official game,” Hayato Terai, CLO of Ganapati PLC and Ganapati Malta said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Ganapati to Launch Manny Pacquiao Slot Game in September

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iMovo becomes First Premier Implementation Partner for Zendesk in EMEA

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iMovo becomes First Premier Implementation Partner for Zendesk in EMEAReading Time: 1 minute

 

iMovo Ltd, an acknowledged leader in Customer Experience Management (CEM), Business Intelligence (BI), Workforce Management (WFM) and Artificial Intelligence (AI), is pleased to announce that it has achieved Zendesk Premier Implementation Partner status, the first such partner in the EMEA region to do so.

Building on its previous Premier Solution Provider status and having achieved a 100% successful track record of numerous implementations of the Zendesk customer service solution, iMovo’s Customer Service Engagement consultants underwent additional study and certification leading to the Premier Implementation Partner status.

With expertise across many industries and business functions, combined with a team of certified consultants, iMovo has helped organisations improve their customer service operations, foster satisfied customers and build loyal relationships as well as create new efficiencies and generate value and cost savings.

Commenting on this achievement, Emmanuel Buttigieg, Zendesk Line Advisor at iMovo said “This new status has us extremely happy and we see this as a clear sign of the commitment the two companies are making towards bringing cutting edge customer service across multiple markets including the UK, France, Malta, Italy, Greece, Cyprus, and Spain. Customer experience management has been a key focus for iMovo since its inception in 2010 and, with more than 60 successful projects under our belt, our team has demonstrated our vision, culture, and passion for customer experience and service management. As Premier Implementation Partners we look forward to continue working closely with Zendesk across the EMEA region.”

For more information please visit www.imovo.com.mt or send an email to info@imovo.com.mt.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: iMovo becomes First Premier Implementation Partner for Zendesk in EMEA

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Rush Street Launches Online Sports Bets and Casino Games on iOS Devices in Pennsylvania

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Rush Street Interactive has launched online sports bets and play casino games on iOS devices in Pennsylvania. Players are finally able to place online sports bets and play casino games on iOS devices, via Rush Street Interactive’s BetRivers.com and PlaySugarHouse.com sites.

The launch has been facilitated by GeoGuard Location Validator, a new app launched through a partnership between GeoComply, a geolocation specialist.

“As we launch our casino site today, we are excited to offer Apple users a way to enjoy the innovative experiences we offer by betting from their mobile devices in Pennsylvania. We’re pleased that players with Apple mobile devices will be able to use the mobile web to play with PlaySugarHouse.com,” Richard Schwartz, president of Rush Street Interactive said.

“We are thrilled to be able to offer loyal users with Apple devices, such as iPhones, a way to get online and begin playing on our award-winning platform,” Schwartz added.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Rush Street Launches Online Sports Bets and Casino Games on iOS Devices in Pennsylvania

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