New Football Pools operator Sportech plc has formed a new joint venture with Indian lottery and gaming giant Playwin, under which the two parties will launch a multi-platform sports betting business in the untapped Indian market during the second quarter of 2010.
Sportech and Playwin will both invest an initial £2 million for their 50% stake in the joint venture to fund the start-up costs of the business. Sportech said that this investment was already anticipated [...]
