Sportech PLC Licensing progress in Connecticut (6344H)
June 09 2017 - 2:30AM
UK Regulatory
TIDMSPO
RNS Number : 6344H
Sportech PLC
09 June 2017
Sportech reports further progress in licensing and
opportunities in Connecticut
9 June 2017 - Sportech PLC ("Sportech") is pleased to announce
that it was granted approval to increase the number of wagering
venues permitted by the State of Connecticut, from its current
licence of 18 venues to 24 venues.
On June 7, by a 22-14 vote, the State Senate voted in favour of
House Bill 6948, which will become law within 15 days after the
bill is presented to the Governor for signing. The Governor does
have a right of veto.
Under an exclusive licence, Sportech currently operates 15
venues in Connecticut, and will open its 16(th) venue over the next
few days in Stamford; a 20,000-square foot sports bar, restaurant
and betting venue.
The House Bill also requires that the Department of Consumer
Protection (the Regulator of gaming in Connecticut), establishes a
regulatory framework for sports betting in anticipation of a
potential change in federal law to permit it.
Furthermore, the House of Representatives has passed a bill to
allow the Mashantucket Pequot and Mohegan tribes to develop a
casino in East Windsor.
Ian Penrose, Chief Executive said "These positive developments
will allow us to further strengthen our business interests in
Connecticut. We remain committed to acting as a responsible gaming
operator in the State."
- ends -
For further information, please contact:
Sportech PLC 020 7268 2400
Ian Penrose, Chief Executive
Mickey Kalifa, Chief Financial Officer
Brunswick Group LLP 020 7404 5959
Mike Smith
Stuart Donnelly
sportech@brunswickgroup.com
Investec Bank PLC 020 7597 5970
Patrick Robb
Peel Hunt LLP 020 7418 8900
Dan Webster
This information is provided by RNS
The company news service from the London Stock Exchange
END
REAQKLBBDQFLBBX
(END) Dow Jones Newswires
June 09, 2017 02:30 ET (06:30 GMT)
Sportech (LSE:SPO)
Historical Stock Chart
From Apr 2024 to May 2024
Sportech (LSE:SPO)
Historical Stock Chart
From May 2023 to May 2024