Sportech rises after disposing lottery supply contract
04/01/2022 09:44
** Online sports betting shares ROD.L up as much as 5.3%
at 40p, set to record their best day in four months
** ROD disposes its entire interest in its contract to
supply lottery systems to Loteria Electrónica Internacional
Dominicana S.A., to Inspired Entertainment Inc
** Co says deal is worth up to $14.5 mln for Sportech
** Earlier last year, co had sold its racing, tote and
digital assets in the U.S., UK and Europe to Australian co
BetMaker BET.AX
** The disposal represents Sportech's exit from supply of
lottery products on its betting service Quantum system, which
was bought by BetMaker earlier last year urn:newsml:reuters.com:*:nL4N2IH16I
** Stock hits its highest levels in two months
** "Allows co's lottery division to concentrate exclusively
on supplies managed on its wholly owned, cloud-based platform" -
Andrew Lindley, Sportech CEO
(Reporting by Sinchita Mitra in Bengaluru)
((Sinchita.mitra@thomsonreuters.com))