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Sportech to Acquire Scientific Games Racing for US$83m

27th January 2010 8:18 am GMT

UK football pools operator Sportech plc is looking to dominate the international pools betting market with its announced acquisition today of Scientific Games Racing (SGR), a leading U.S provider of pari-mutuel wagering services and systems, for a total consideration of up to US$83 million.

Sportech said Wednesday that it will pay an initial consideration of $65 million upon completion of the transaction, which will be satisfied by the issue of 39.7 million 50 pence shares in [...]

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