Sportech completes acquisition of LOT.TO
Sportech 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 2018, the 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.”