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SOURCE Sportech Racing and Digital
ATLANTA, July 8, 2014 /PRNewswire/ -- Sportech Racing and Digital, a division of Sportech PLC, (LSE: SPO), have been selected by UK-based Betfred, owner of Totepool (formerly UK Tote), to provide a comprehensive Quantum System tote, along with a slate of Sportech's latest technologies for land-based and digital wagering, and a comprehensive package of services. In total, Betfred will receive a Quantum System, G4 digital wagering framework, the new Digital Link™ mobile suite, and on-going maintenance and support. The sale, with an additional 10-year maintenance & support and licensing agreement, is expected to generate a total contract value of US$ 15 Million. On going terminal hardware procurements will continue as well, under agreements previously struck between the companies.
Implementation of Sportech's Quantum System will allow Betfred to simplify Totepool operational, business and IT systems, make their products available for distribution to worldwide tote markets, and provide access to additional pools and bet types. New betting technologies – including Sportech's new Digital Link™ mobile suite, with patented digital voucher functionality – will improve the consumer experience at the sixty UK racecourses Betfred serves, with cutting-edge account wagering, mobile, online and self-service wagering options.
Today's agreement between Sportech and the Betfred Group to supply Totepool with a turnkey tote solution for Totepool's UK and international business is the culmination of several months work, during which time Totepool assessed a number of alternative opportunities.
Managing Director Philip Siers said: "The new Quantum System, coupled with the Digital™ Link and G4 modules will anchor our tote offering going forward, and with the additional flexibility and market reach it gives us, we expect significant growth in our pools products. I am confident that this strategic partnership will be good for both our businesses, and I look forward to next year, when the initial system will be delivered. This is a major investment for Totepool, and it demonstrates our further commitment to horse racing, and a desire to see our pools betting operation, lead the way in technological innovation and racecourse service."
Andrew Gaughan, President of Sportech Racing and Digital, added: "Sportech Racing and Digital is proud to have been selected by Betfred for this important initiative, and as their key long term technology partner. We are pleased not only that Betfred have identified Quantum System and G4 as the solutions that will help them achieve their business goals, but also that they will be the first Sportech customer in Europe to implement the new Digital Link™ mobile suite, and its patented digital voucher functionality, to offer their bettors the most cutting edge methods for wagering. Finally, we are very pleased to be in the position to help Betfred expand distribution of their exotic wagering products, including the very popular Scoop6 pool, to a worldwide customer base. With a May 2014 Scoop6 pool total reaching US$ 31 million on a multi week rollover, this should be of great interest to the global betting marketplace and place it among the leading super exotic pools in horse racing."
About Sportech Racing and Digital
Sportech Racing and Digital, a division of Sportech PLC, is a leading global provider of wagering technology solutions to licensed racetracks, off-track betting networks, Internet wagering operators and casinos. In addition to the software, hardware and services that facilitate land-based pari-mutuel wagering, the division provides customized Internet, phone and mobile technologies and services as one of the largest digital wagering technology providers and operators in the U.S. Through its Bump 50:50 division, Sportech now provides technologies and services to allow charitable foundations affiliated with professional sports teams to design, manage, execute, and promote 50/50 raffle programs. For more information about Sportech Racing and Digital, please visit www.sportech.net
About Sportech PLC
Sportech PLC is a sports gaming and entertainment company and one of the world's leading pool betting organizations, focusing on highly regulated markets worldwide. Sportech provides betting technology for football (soccer), horseracing and, through its acquisition of Data Tote Limited, the majority of the UK and Ireland's greyhound tracks. Sportech PLC processes over $13 billion in bets annually with a presence in 30 countries. Sportech is headquartered in London, England with operational offices in Liverpool, Bristol, Atlanta, Toronto, Connecticut, California, New Jersey, Netherlands, Germany and Ireland. For more information about Sportech PLC, please visit www.sportechplc.com.
Sportech Racing and Digital
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