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Sportech plc

10/01/2020 | News release | Distributed by Public on 10/01/2020 06:25

Sportech Signs Multi-year Licensing and Services Agreement with UK Tote Group

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Sportech PLC, an international betting technology business, is pleased to announce the commencement of a new multi-year licensing and services contract with UK Tote Group ('the Tote').

The agreement assures continued delivery of pools betting technologies and services via Sportech's Quantum™ System, which underpins the Tote's domestic pools betting as well as international commingling for access to global horseracing and other sporting pools. Quantum™ System is also the framework under which the Tote and its partners offer the international 'Tote Superpools' in coordination with the Hong Kong Jockey Club.

Andrew Lindley, Chief Operating Officer of Sportech, said: 'We are delighted to extend our relationship with the Tote and solidify our work with their progressive team. The Tote is setting incredible new standards of innovation in pools betting, both domestically and globally, and we will continue to provide the foundations on which they build.'

Mark Kemp, Managing Director of UK Tote Group, said: 'Sportech continues to provide stable, large scale global technology and software services, supporting the product innovation and development for our UK and International Tote growth plans. We are pleased to be continuing our relationship with Sportech and look forward to their ongoing excellent support of our mission, to innovate and grow pool betting across the world.'

About UK Tote Group

UK Tote Group is the proud owner and steward of the Tote, the UK's leading pool betting operator. The Tote has been a core part of British horseracing since 1928 when it was established by Parliament under Winston Churchill as Chancellor of the Exchequer, to provide the public with a safe way to bet and vital funding for the sport.

UK Tote Group is committed to fulfilling Churchill's founding mission through a revitalised Tote which provides better value and an improved experience to customers, as well as funding for British horseracing.

The 90-year-old British company is backed by racehorse owners and breeders from around the world and has an exclusive partnership with British racecourses to provide pool betting services to the six million people who attend race meetings in Great Britain every year.

The Tote employs 120 people who are based in the Tote's main office in Wigan and a satellite office in London. www.uktotegroup.com