UK Tote Group inks multi-year platform deal with Sportech
Agreement sees Tote Group afforded access to international sporting pools and operators
The UK Tote Group has signed a multi-year international commingling agreement with Sportech.
The deal will allow UK Tote Group to utilise Sportech’s Quantum software to access horseracing and various other sporting pools from across the world.
The terms of the agreement will also see Sportech hand a proprietary digital platform to UK Tote Group which the pair had been working on over the past year.
This platform directly connects to Sportech’s worldwide ecosystem and will allow for the additional opportunities for Tote to distribute its products to international operators.
Alex Frost, UK Tote Group CEO, 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 CEO Richard McGuire added: “Sportech has invested heavily to develop its Quantum global network and to improve the quality of its international business.
“The global market for pool betting is in excess of US$100bn 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,” he added.
Sportech saw its share price increase by 17% on Friday morning.