25th of July 2013 Author: Glo Wood
A six-year deal has been closed between pool and Tote gaming provider Sportech PLC's U.S. division, Sportech Racing LLC, and Penn National Gaming Incorporated (PNGI), which will be able to provide its owned and/or operated properties across nine States, including 11 racetracks, five off-track wagering venues and an internet telephone account wagering service with Sportech's betting technology and associated services.
Thanks to this deal, which also envisages the possibility of a one-year extension, Sporech will pursue its expansion strategy in the US market, but also benefit from further deregulation across the country.
It has been specified by Andrew Gaughan, Managing Director of Sportech Racing: "We are very pleased to have been selected by Penn National Gaming to be the exclusive provider of pari-mutuel wagering services across their properties and for their growing family of racing operations. Sportech PLC's ongoing investment in our Racing and Interactive technologies and services will allow us to serve the current and future needs of Penn National Gaming, and to deliver industry-leading solutions that will allow them to remain on the leading edge of horse racing and wagering entertainment."
"We are delighted to have secured this long-term contract with Penn National Gaming, the largest racetrack and associated betting facility operator in the United States. This further strengthens our position in the United States, and builds upon the international momentum following sales to the UK Tote and a contract with Danske Spil, the State owned Danish gaming operator, earlier this year," added Ian Penrose, chief executive officer of Sportech.
On the other side, a comment arrived from Christopher McErlean, Vice President, Racing at Penn National Gaming, who said: "We sought to enter into a partnership with a company that would bring significant advantages to Penn National Gaming in the form of improvements to the customer betting experience, increased compatibility between our properties, and delivery of improved operational efficiencies. After a thorough competitive bidding process, we determined that Sportech Racing was that partner."
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