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Playtech Acquires 10% Stake in Sportech plc

27th January 2010 8:49 am GMT

Gaming software provider Playtech Limited has acquired a 10% stake in football pools operator Sportech plc following Sportech's acquisition today of Scientific Games Racing.

Playtech has agreed to subscribe for 19.8 million shares in Sportech at a 10.7% discount on their closing price on Monday, amounting to approximately £10 million, with the funds being used by Sportech to finance the initial cash consideration for its acquisition of Scientific Games Racing.

Under the [...]

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