On 1st February, Sportech announced it completed the acquisition of 100% of LOT.TO Systems Limited (LOT.TO), a leading UK-based digital gaming technology business.
This acquisition will provide Sportech with a leading digital gaming platform, iLottery, and a specialist team focused on innovative digital gaming technologies. It will support Sportech’s opportunity to grow through broadening the suite of gaming services we offer currently and will solidify our global gaming capability’s and services position.
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 Sportech 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.”
For more information on LOT.TO visit the website here
For the full RNS release click here