Source - RNS
RNS Number : 5956F
Sportech PLC
30 October 2018
 

For immediate release

30 October 2018

 

 

SPORTECH PLC

('Sportech', the 'Company' or the 'Group')

 

Directorate Change

 

Sportech, the international betting technology business, announces that Richard Cooper has decided to resign from his position as a Non-Executive Director of the Company with effect from 31 October 2018.

 

Richard McGuire, Chairman of Sportech, commented: "On behalf of the Board and shareholders, I would like to thank Richard for his valued contributions and support to the Group and we wish him continued success as he explores new opportunities."

 

Richard Cooper added: "The role at Sportech has been more involved than was anticipated when I was invited to join the Board in May 2017, and I am unable to dedicate the time which is probably now required.  I wish the business well as its prepares to benefit from the increasing North American focus since the repeal of PASPA and other gaming opportunities available to the Group."

 

The Group has initiated a process to recruit a successor and will provide an update in due course.

 

Publication on website

A copy of this announcement is also available on the Group's website at www.sportechplc.com.

 

- Ends -

 

Contacts:

 

Sportech PLC

Tel: +44 (0) 20 7268 2400

Richard McGuire, Non-Executive Chairman




Peel Hunt

Tel: +44 (0) 20 7418 8900

(Corporate Broker to Sportech)

Dan Webster / George Sellar




Buchanan

Tel: +44 (0) 20 7466 5000

(Financial PR adviser to Sportech)

Henry Harrison-Topham / Mark Court / Jamie Hooper

[email protected]

 

Notes to Editors

 

About Sportech

Sportech PLC, the international betting technology business, provides and operates betting technology solutions for some of the world's best-known gaming companies, sports teams, and horse and greyhound racetracks, as well as owning and operating its own gaming venues in Connecticut under exclusive licences.

 

The Group focuses on highly regulated markets worldwide. It has more than 27,000 betting terminals deployed to over 400 clients in 37 countries.  Its global systems process nearly US$12 billion in betting handle annually.  In the US, it operates under 35 licences across 37 states.  The Group has invested over US$60 million in the last five years in the successful expansion of its US gaming Venues and in developing its technology services, resulting in its proprietary Quantum™ System being the most widely deployed pari-mutuel betting system globally.

 


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