Sportech givena green light on Data Tote acquisition
News on 9 Dec 2013
News on 9 Dec 2013
Sportech plc announced Monday that the Office of Fair Trading has cleared its acquisition of Data Tote Limited, a provider of on-track and online greyhound and horse race betting services in Europe.
The online gambling and sport-entertainment company inked the Data Tote acquisition deal last September for an initial consideration of GBP 3.1 million. However, early in November the Office of Fair Trading requested input on the agreement.
In a statement advising that the agreement had been approved, Sportech noted that the deal further reinforces Sportech’s position as one of the largest operators and providers of betting technologies and services in the world.
“Data Tote brings an incremental customer base with strong year-on-year revenue growth that will broaden Sportech’s share of the European betting market,” a spokesman said.
