Connect with us

99.9% uptime sounds reliable, until you realise it means 8+ hours of downtime a year. For an iGaming operator, it is a business threat. One hour offline during a major promo can erase months of planning, budget, and player trust. Multiply that by eight.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Compliance Updates

Sportech Venues Secures Exclusive Off-Track Betting License Protections

Published

6 years ago

on


Reschedule of Sport Events Impacts Sportech Trading
Reading Time: 2 minutes

 

Sportech Venues, Inc., a division of Sportech PLC, announced that the Connecticut State Budget signed by Governor Lamont on June 26, 2019 included legislation that clarifies and strengthens Sportech’s exclusive license to conduct off-track pari-mutuel betting in the State of Connecticut.

Sportech Venues, Inc. holds the exclusive license to offer off-track betting in the State of Connecticut and does so through its 15 venues and online betting services.

This budget legislation closes a loophole and thus legally prohibits unlicensed online operators from taking wagers from Connecticut residents.  This law becomes effective as of 1 October 2019.

Ted Taylor, President of Sportech Venues, Inc., said, “Sportech have invested heavily in our Connecticut business on the basis of our exclusive license to offer off-track betting there. We are pleased that the State of Connecticut recognized Sportech’s exclusive license with this legislation to close a loophole that deprived Sportech of legitimate revenues but also, by virtue of uncollected pari-mutuel taxes, deprived the State of Connecticut of tax proceeds. This was a good result for both Sportech and for the people of the State of Connecticut.”

 

About Sportech Venues, Inc.
Sportech Venues, Inc., a division of Sportech PLC, holds the exclusive in perpetuity license to conduct pari-mutuel wagering in the State of Connecticut.  The company operates 16 wagering venues and sports bars under the brands Winners and Bobby V’s Restaurant & Sports Bar.  The company is also Connecticut’s exclusive home for legal online betting on racing, offering secure online and mobile account wagering at www.MyWinners.com.  A portion of every dollar wagered with Winners goes to the Connecticut General Fund, to local municipal tax funds and to funds for responsible gaming.

Sportech PLC is the international betting technology business delivering services and solutions to gaming companies, sports teams, racetracks, casinos and lottery clients across 37 countries in addition to owning and operating sports gaming venues in Connecticut, United States, under exclusive licenses. For more information about Sportech PLC, visit www.sportechplc.com.

 

Source: Sportech Venues, Inc.

Related Topics:

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Advertisement
Advertisement Boomerang Partners set the bar for affiliate partnerships. Their high-performing brands, clear communication, and proactive team have made a massive impact on our results. We’ve seen incredible growth—thanks for being such a stellar partner!

Trending (Top 7)

Discover the Magic of EuropeanGaming.eu – Your Gateway to the Gaming Universe

At the heart of the ever-evolving gaming and gambling industry lies EuropeanGaming.eu, a trailblazing online platform that has become the go-to destination for industry professionals, enthusiasts, and stakeholders. As part of HIPTHER, we’re redefining how the gaming world connects, informs, and inspires.

More Than News – A Hub of Insight and Innovation

Reaching over 300,000 readers monthly, EuropeanGaming.eu goes beyond headlines to deliver compelling stories, expert insights, and the latest industry news. From regulatory updates and compliance breakthroughs to the pulse-pounding world of esports and technological advancements, we provide comprehensive coverage of the topics that matter most:

  • Online and Land-Based Gaming
  • Betting and Esports
  • Regulatory and Compliance Updates
  • Cutting-Edge Technology in Gaming

Whether it’s daily news, exclusive interviews with industry leaders, in-depth event reports, or press releases that set the tone for the future, our content resonates with a global audience while maintaining a focus on Europe’s dynamic gaming market.

Bringing the Industry Together

Our impact doesn’t stop at digital content. EuropeanGaming.eu is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

Why EuropeanGaming.eu?

At HIPTHER, we believe in empowering the gaming community with knowledge, connection, and opportunity. EuropeanGaming.eu embodies this spirit by serving as a one-stop resource for the latest trends, market developments, and global perspectives. Whether you’re an industry veteran, a rising operator, or a gaming enthusiast, this is where you find the stories that drive progress.

Get In Touch

Let’s shape the future of gaming together!

Copyright © 2015 - 2025
European Gaming is proudly part of HIPTHER. Registered in Romania under Proshirt SRL, Company Number: 2134306, EU VAT ID: RO21343605.
Office Address: Blvd. 1 Decembrie 1918 nr.5, Târgu Mureș, Romania

Join us as we celebrate a decade of delivering excellence and embrace the magic of what’s to come in 2025 and beyond!

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.