Open Letter to Sportech Limited Shareholders

 

Sportech Ltd

Collins House, Rutland Square,

Edinburgh, EH1 2AA,

United Kingdom

Open Letter to Sportech Limited Shareholders

15 October 2025

Dear Shareholder,

Application of the City Code on Takeovers and Mergers to Sportech Limited

As you may recall, at a general meeting held in October 2023, Sportech’s cancellation from trading on AIM and its re-registration as a private limited company (the “Cancellation and Re-registration”) was approved by shareholders.

The notice of general meeting (a copy of which remains available on Sportech’s website) set out the consequences of the Cancellation and Re-registration (the “Notice of General Meeting”).  The Cancellation and Re-registration became effective in December 2023.  One of those consequences was that the City Code on Takeovers and Mergers (the “Code”) would cease to apply to Sportech on the earlier of (a) the expiry of the period of 10 years following the Cancellation and Re-registration; and (b) such time as the majority of the directors of Sportech ceased to be resident in the United Kingdom, the Channel Islands or the Isle of Man.

Sportech’s primary place of business is the United States of America and, to align its governance arrangements with its operations in the USA, the majority of the directors of Sportech have ceased to be resident in the United Kingdom, the Channel Islands or the Isle of Man.  As a result of these changes, the Panel on Takeovers and Mergers has confirmed that the Code no longer applies to Sportech.  

The consequences of the Code ceasing to apply to Sportech remain as set out in the Notice of General Meeting and shareholders can find further information about those in Part 3 and Appendix A of the Notice of General Meeting.

Should you have any questions regarding this change or its implications, please contact our Investor Relations team at [email protected]

Your Board continues to focus on progressing Sportech’s business in the best interests of all shareholders and we appreciate your continued support.

Yours sincerely,

Richard McGuire

Sportech Limited

Sportech bolsters board with Strategic appointments

 

 

Sportech Limited Bolsters Board with Strategic Appointments

 

Hamden, Connecticut – 06 October 2025

Sportech Limited, a US-focused entertainment and betting business, is proud to announce the appointment of three exceptional leaders to its Board of Directors. These strategic appointments: Victor Bigio; Stephen Castagna and Mike Burris underscore Sportech’s commitment to driving innovation, financial excellence, and market expansion in the rapidly evolving global gaming industry.

 

Victor Bigio, appointed as an Independent Non-Executive Director, offers over two decades of senior leadership experience in the global iGaming and sports betting sectors. Most recently, Victor served as Director of Business Development, North America, at Nasdaq-listed Sportradar Inc, an $8 Billion global sports technology company. His pivotal role in driving product innovation, forging strategic partnerships, and leading go-to market strategies has solidified his reputation as a transformative leader.

Through his consultancy, Victor has guided major international operators in navigating regulated North American markets, focusing on compliance, market growth, and customer engagement. His extensive expertise across B2B and B2C environments, combined with his deep understanding of market dynamics and regulatory frameworks, positions him as a vital asset to Sportech’s digital gaming expansion ambitions.

 

Stephen Castagna, has served as Group Finance Manager at Sportech for over six years, brings a wealth of financial acumen and insight to his new role on the Board. Stephen has been instrumental in optimizing Sportech’s financial operations, enhancing fiscal discipline, and supporting the company’s growth initiatives. His deep knowledge of the organization and proven track record in financial strategy will be critical in steering Sportech toward sustained profitability and long-term success.

 

Mike Burris, Sportech’s Sports Betting Manager since the US legalization of Sports Betting, joins the Board with a distinguished record of leadership and innovation in wagering technology. Mike’s vision has been a driving force behind Sportech’s advancements in retail sports betting solutions, strengthening its competitive edge in Connecticut. His ability to anticipate industry trends and deliver customer solutions will play a pivotal role in shaping Sportech’s future growth and market leadership.

 

Richard McGuire, Executive Chairman noted: “These appointments reflect Sportech’s dedication to assembling a world-class leadership team to navigate the opportunities within the global gaming landscape. With Stephen’s financial expertise, Victor’s industry insight, and Mike’s innovative leadership, Sportech is well-positioned to capitalize on emerging opportunities and deliver unparalleled value to its stakeholders.”

 

About Sportech Limited

Sportech Limited is a US-focused entertainment and betting business with exclusive pari-mutual betting licence in Connecticut delivering Tote betting and through a commercial partner provides Sports Betting across its none Off Track Betting facilities and digital channels.

 

For further details :  

 [email protected]   www.sportechplc.com   or   www.jpjenkins.com/company/sportech

Sportech Renews Contract with Emerald Downs

 

Sportech Racing and Digital, a division of Sportech PLC, is pleased to announce the renewal and extension of the Company’s agreement with longtime client Emerald Downs Racetrack and Casino in Washington State.

The multi-year extension to the Totalisator Services Agreement was reached upon conclusion of a competitive bidding process.

Sportech Racing and Digital (“Sportech”) delivers Tote Services to Emerald Downs Racetrack and Casino (“Emerald Downs”) with Sportech’s Quantum™ System software and services from the Global Quantum™ Data and Operations Center. A local team of operations specialists support the Tote equipment installed at Emerald Downs to ensure smooth betting operations.

Emerald Downs will also adopt new Sportech technologies, including the new white label on-track mobile betting service. The new mobile option is a key component of a flexible new betting software platform that presents an intuitive user interface across a range of racetrack platforms including on-track mobile, teller service, self-service, and roaming teller service.

Bob Fraser, Vice President of Operations for Emerald Downs, remarked, “Emerald Downs value the partnership we have built with Sportech over many years and look forward to continue working together to offer our patrons the best possible betting experience when they visit our track.”

Bill Russell, Sportech’s Director, Sales and Business Development for North America, stated, “Sportech is thrilled to extend our partnership with Emerald Downs in their 25th season of live racing. We are also excited to introduce our new betting software platform for the first time in North America through Emerald Downs’ new on-track mobile. We value the trust Emerald Downs places in Sportech as a key technology partner and are committed to delivering solutions that satisfy their players and streamline their operations.”

Sportech Delivers Commingling Services, Digital Platform Under New Agreement with UK Tote Group

Sportech PLC, an international betting technology business, is pleased to announce the commencement of a new multi-year international commingling agreement with UK Tote Group and the formal handover to UK Tote Group of a proprietary digital platform, www.tote.co.uk, developed jointly with Sportech.

The new international commingling agreement will enable UK Tote Group to utilise Sportech’s worldwide Quantum™ commingling ecosystem to access horseracing and other sporting pools across the globe. Such access supports their international growth aspirations including the recently announced enhanced partnership with The Hong Kong Jockey Club.

In addition to the new international commingling agreement, Sportech formally handed over a proprietary digital platform on which Sportech has worked closely with UK Tote Group over the last year to jointly create and deliver. The new platform gives UK Tote Group cutting edge digital technology in a fully containerised, cloud based solution to grow their online business. The new digital platform is directly connected to Sportech’s worldwide commingling ecosystem, bringing a myriad of opportunities for the deployment of additional Tote products from international operators.

Richard McGuire, Chief Executive of Sportech, said: “Sportech has invested heavily to develop its Quantum™ global ecosystem and to improve the quality of its international business. The global market for pool betting is in excess of US$100 billion and UK Tote Group has an impressive team with ambitious plans. Sportech is delighted to extend its relationship with UK Tote Group to support their global initiatives.”

Alex Frost, Chief Executive of UK Tote Group, said: “This agreement with Sportech demonstrates further commitment to our international development plans and a desire to see our pools betting operation lead the way in technological innovation to help grow betting on horseracing around the world.”

Sportech Showcases New Tech at Asian Racing Conference

Sportech Racing and Digital, a division of Sportech PLC, unveiled new technologies for retail pari-mutuel betting at the 38th Asian Racing Conference taking place this week in Cape Town, South Africa.

Deemed Sportech’s ‘next generation’ terminal betting software, the new platform is an agile, efficient, future proof solution that functions seamlessly on a range of third-party hardware products, allowing betting operators to declare independence from proprietary hardware.

Conference participants from around the world are viewing demonstrations of the new software platform, which can be used to offer the full range of on-track and retail betting services including teller electronic point of sale (ePOS), roaming teller ePOS, full self-service, and on-track mobile self-service.

The software platform delivers the teller-based and self-service functionally with real-time connectivity to Sportech’s Quantum™ System Tote.

Despite its flexible nature, Sportech’s new betting software sacrifices nothing in terms of usability or features. With an interface crafted by experts in gaming UI design, it presents an exciting departure from more typical betting interfaces, with a significantly enhanced user experience and intuitive workflow.

 

 

IGB To Receive Quantum™ System Upgrade from Sportech

Sportech PLC, the international betting technology business, announced that its Sportech Racing and Digital division have secured a new contract with the Irish Greyhound Board (“IGB”) that both extends their Tote Services agreement for a new multi-year term and upgrades IGB’s current Series 7 Tote to Sportech’s state-of-the-art Quantum™ System.

Quantum™ is the most widely deployed Tote betting software in the world and will offer IGB unprecedented access to new pools and new markets, with its expansive and ever-growing list of pools and bet types and unmatched global commingling capabilities.

Joe Lewins, Director of Tote and Wagering at Irish Greyhound Board, stated, “The Irish Greyhound Board is happy to be making this important investment in our betting operation with the upgrade to Sportech’s Quantum™ Tote and look forward to delivering an overall improved betting experience to our players. Sportech have been an excellent technology partner to IGB for many years and we look forward to a continued productive relationship.”

In addition to the current functions available to all Sportech clients who use Quantum™, the contract with IGB will involve further development by Sportech’s team of product developers to incorporate features key to greyhound racing operations.

Bruno Gay, Sportech’s Vice President of Sales and Business Development EMEA, remarked, “Sportech are very pleased to extend the power of Quantum™ System to IGB and to offer them the pools, market reach, and operational tools to help them maximise their potential. We look forward to a continued strong business partnership with IGB that harnesses Sportech’s technologies to elevate the betting experience for their players.”

Sportech Strengthens Product and Commercial Teams

Sportech PLC, the international betting technology business, announced that it has strengthened its product and commercial teams with the addition of key individuals who will work across the Group’s B2B divisions.

Paul Rietdyke will lead Sportech’s new Product User Experience and Design department to help elevate clients’ online digital experiences to the next level. With extensive experience across a range of sectors, Paul has developed world class digital experiences for numerous clients including UK-based agency work for Arsenal FC, Everton FC, Liverpool FC and the Saudi Football league, as well as engagements with Think Money Group and Sportpesa.

Leon Hosking joins the Sportech team as Product Manager, bringing additional knowledge of the betting industry to Sportech’s product development initiatives. Leon’s most recent role was as trading and operations specialist for Sportpesa where he was responsible for the offerings of the UK, Italian and .com websites, advising the trading, payments, marketing, customer integrity and CRM departments. He also held a product owner role for bespoke horse racing products. Leon has held senior roles at Skybet, Totesport and Coral in risk, trading, odds, training and development.

Finally, Chris Rogers joins the Sportech team as Commercial Manager. Chris will combine his deep industry knowledge and strong commercial and account management skills to help support the continued growth of Sportech’s product range. Chris has extensive experience in the betting and gaming industry, most recently handling trading, marketing, CRM, acquisition, and responsible gambling for Leo Vegas group’s UK-facing sportsbooks. Chris has also worked for prestigious names in the gaming industry including Coral and Betfred.

Sportech Joins World Lottery Association

Sportech, the international gaming technology business, is pleased to announce that it has been accepted as an Associate Member of the World Lottery Association, a global professional association of state lottery and gaming organizations from more than 80 countries.

Sportech joins WLA’s associate members from the worldwide lottery supplier industry on the basis of the company’s longstanding expertise as a provider of enterprise gaming solutions to national lottery, pools lottery, and charitable sports raffle operators.

Building on established lottery supply contracts in North America, Europe  and the Caribbean, Sportech is making significant investment in lottery with technology and talent secured with the 2019 acquisition of Lot.to Systems, the integration of lottery bets on Sportech’s Quantum™ System software, and rapid growth in its Bump 50:50 sports raffle business.

Julian Bewley, Chief Commercial Officer of Sportech PLC, said, “Sportech are thrilled to join the WLA as an associate member and for the opportunity to contribute to the industry and its growth through our passion for making lottery games more appealing, accessible, and fun and to giving lottery operators innovative tools and strategies to propel their business forward.”

SIS Selects Sportech To Provide Global Commingling Solution

SIS (Sports Information Services) and Sportech PLC today announced a global commingling totalisator agreement that will allow SIS to create and disseminate a worldwide pool for greyhound racing.

SIS, the leading supplier of 24/7 betting services to retail and online operators globally, will utilise Sportech’s Quantum™ System pari-mutuel betting software to offer the greyhound global pool, leveraging Sportech’s unrivalled worldwide reach and expansive global commingling capabilities. Sportech will also provide hosting and operational services of the greyhound global pool from the company’s Global Quantum™ Data and Operations Centres.

Paul Witten, Product Director at SIS, said “This partnership further bolsters our capability as the leading supplier of 24/7 betting services worldwide.

“Sportech’s market leading technology will help facilitate SIS’s greyhound racing global pool, which will further expand the reach of greyhound racing around the world”.

Bruno Gay, Vice President Sales and Business Development EMEA for Sportech, said: “We are delighted to partner with SIS to deliver a greyhound racing global pool, a project for which Quantum™ System and Sportech’s global service delivery network are perfectly suited.

Sportech’s Quantum™ technology has helped betting clients all over the world find new markets for their products and new content for their consumers.  On the heels of the successful implementation of the “Ascot World Pool” for UK Totepool, Ascot Racecourse, and the Hong Kong Jockey Club, we are delighted to support SIS in offering a global pool to satisfy the world greyhound racing market.”

Sportech Venues Secures Exclusive Off-Track Betting License Protections

Sportech Venues, Inc., a division of Sportech PLC, announced that the Connecticut State Budget signed by Governor Lamont on June 26, 2019 included legislation that clarifies and strengthens Sportech’s exclusive license to conduct off-track pari-mutuel betting in the State of Connecticut.

Sportech Venues, Inc. holds the exclusive license to offer off-track betting in the State of Connecticut and does so through its 15 venues and online betting services.

This budget legislation closes a loophole and thus legally prohibits unlicensed online operators from taking wagers from Connecticut residents.  This law becomes effective as of 1 October 2019.

Ted Taylor, President of Sportech Venues, Inc., said, “Sportech have invested heavily in our Connecticut business on the basis of our exclusive license to offer off-track betting there. We are pleased that the State of Connecticut recognized Sportech’s exclusive license with this legislation to close a loophole that deprived Sportech of legitimate revenues but also, by virtue of uncollected pari-mutuel taxes, deprived the State of Connecticut of tax proceeds. This was a good result for both Sportech and for the people of the State of Connecticut.”