Sportech in negotiations to acquire LOT.TO

Sportech, the betting technology provider based in the UK, has announced a strategic partnership with ilottery provider Lot.to Systems. The partnership will provide mutual clients a broader suite of gaming opportunities.

There are ongoing talks for a possible acquisition of LOT.TO by Sportech too.

The acquisition is likely to be non-material. The acquisition, if takes place, will boost Sportech’s global gaming services position.

“The global gambling market is estimated to reach an annual turnover of US$635bn by 2020, with the lottery sector accounting for about 30 per cent of that,” said Richard McGuire, executive chairman of Sportech.

“Our strategic alliance with LOT.TO will enhance our existing successful core lottery product and will help us to capitalise on the worldwide growth of lottery and lottery-style games and reach an ever-expanding digital audience.

“For worldwide appeal, no other gambling product comes close to lotteries.

Our future with Sportech is hugely exciting because our clients can benefit from the combination of Sportech’s proven robust processing technology and hardware and our innovative ilottery platform in a single offering as well as the obvious synergies in sports betting platforms. Together, we can offer clients a truly world-class omni-channel solution that’s incredibly powerful.” – stated Andrew Lindley, co-founder of LOT.TO.