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 [...]
