Sportech already has a foothold in the state, processing bets both on and off the racetrack as well as providing software for New Jersey’s only authorised online betting operation and selected casinos in Atlantic City. Elsewhere in the country, the company runs sports bars in Connecticut in which wagering is allowed, with approval to open similar venues in California.
The firm proudly proclaims itself the world leader in pool betting, providing software for Totepool and Betfred among others, and states on its website that its objective is to hold a “leading position in the growing US and global gaming industry”. Today’s announcement will certainly help Sportech move closer to that goal.
Sportech’s chief executive, Ian Penrose thanked his staff for their help during a period of intense scrutiny of the business by authorities, saying, ““We are delighted to have been awarded our licence in New Jersey, which we believe is among the first, if not the first, to be acquired there by a European gaming group.
It is viewed as a ‘Gold Standard’ in licensing in the sector globally, and is an endorsement of our standards of operations and the qualifications of our directors and senior employees. I thank all those who have been involved in the process to help us get to this point, and look forward to building on the opportunity that this licence award presents to Sportech.”
Shares in Sportech rose 3.5 percent on release of the news this morning.