Finance

Sportech completes Dominican Republic lottery contract sale to Inspired Entertainment for $14.5m

Inspired and Loteria Electronica Internacional Dominica S.A. agree 10-year extension to lottery systems deal

Sportech has finalised the sale of its Dominican Republic lottery contract with Loteria Electronica Internacional Dominica S.A. (LEIDSA) to Inspired Entertainment Inc for $14.5m (£10.8m) The deal, which sees Inspired Entertainment acquiring Sportech subsidiary Sportech Lotteries, involved an upfront purchase price of $12.5m paid in cash on completion and $2m payable in royalty-based cash revenue…

Dominican Republic | Finance

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