27th Sep 2013 08:23
LONDON (Alliance News) - Sportech PLC said Friday that it had acquired Data Tote Limited, a betting operator and technology and services provider, for an initial consideration of GBP3.1 million.
Following the acquisition Sportech said it will exclusively provide betting services to 41 of the 43 greyhound tracks in the UK and Ireland. The gaming and betting company expects the acquisition to be earnings enhancing in its first year of ownership.
Data Tote had revenues of GBP2.2 million in the year ended June 30, with a pretax profit of GBP200,000.
Shares in Sportech were trading down 1% at 83.00 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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