Sportech PLC has signed a new multi-year international commingling agreement with UK Tote Group. The new agreement will enable UK Tote Group to utilise Sportech’s worldwide Quantum commingling ecosystem to access horseracing and other sporting pools across the globe.
In addition to the new international commingling agreement, Sportech formally handed over a proprietary digital platform on which Sportech has worked closely with UK Tote Group over the last year to jointly create and deliver. The new platform gives UK Tote Group cutting edge digital technology in a fully containerised, cloud-based solution to grow their online business.
“Sportech has invested heavily to develop its Quantum global ecosystem and to improve the quality of its international business. The global market for pool betting is in excess of US$100 billion and UK Tote Group has an impressive team with ambitious plans. Sportech is delighted to extend its relationship with UK Tote Group to support their global initiatives,” Richard McGuire, Chief Executive of Sportech, said.
“This agreement with Sportech demonstrates further commitment to our international development plans and a desire to see our pools betting operation lead the way in technological innovation to help grow betting on horseracing around the world,” Alex Frost, Chief Executive of UK Tote Group, said.