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Sportech begins talks to acquire iLottery provider LOT.TO

19th November 2018 6:58 am GMT

London-listed sports betting provider Sportech has entered into talks to acquire UK-licensed lottery solutions provider LOT.TO Systems.

Sportech has agreed a strategic alliance with LOT.TO and entered exclusive negotiations with a view to acquiring lottery provider on a share-for-share basis.

Sportech said that the alliance will provide mutual clients with a broader suite of gaming opportunities, with the acquisition further solidifying the company’s global gaming services position.

"The global gambling market is estimated to reach an annual turnover [...]

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