Reinforcing its position as one of the largest interactive horse race betting providers in the U.S market, Sportech has acquired online and mobile betting service provider eBet Online Inc. for a total consideration of up to $12.6m.
eBet Online is one of the largest online horserace wagering operators in the U.S, processing $106m of bets through its account wagering systems for the year ended June 30th 2012.
Sportech said that the acquisition would reinforce its position as one of the largest operators and providers of online and mobile betting technologies and services across North America.
“The acquisition of eBet is an important further development in our North American business, following approval last week to provide exclusive online betting on horseracing in the State of Connecticut and the recent appointment of David Schreff as Chief Operating Officer - The Americas,” said Sportech CEO Ian Penrose.
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