Sportech Racing Announces New Agreement through 2025 with Loteria Electronica Internacional Dominicana S.A. for the Provision of Technologies and Terminals to Support the Dominican Republic’s Largest Electronic Lottery
New agreement extends Sportech’s contract and adds new wagering terminals and software
NEW HAVEN, Conn., May 14, 2013 /PRNewswire/ — Sportech Racing LLC, a division of Sportech PLC (LSE: SPO), announced that it has entered into an agreement with Loteria Electronica Internacional Dominicana S.A. (LEIDSA) of the Dominican Republic that both extends the current agreement between the two companies and also provides for the addition of new wagering terminals, new software and new services. Sportech Racing LLC (Sportech) has been providing the central wagering system and terminals that allow LEIDSA to offer electronic lottery products, as well as a host of other services, since the lottery’s inception in 1997.
The new agreement extends the contract between Sportech and LEIDSA through 2025. In addition, Sportech will deliver 200 WAVE terminals to complement the 1,600 WAVE units installed in 2012 and to further grow LEIDSA’s retail network beyond the current 1,600 points-of-sale.
The Sportech central system deployed for LEIDSA includes modifications that allow LEIDSA to offer multiple gaming and non-gaming products through a single central system and network of terminals. Gaming products include lottery, bingo and keno. Non-gaming products include vehicle insurance sales, cellular telephone calling card purchase and top-up services, and raffles. Under the new contract, Sportech will provide an interface to accommodate the addition of new telephone calling card top-up products. Also, concurrent with the signing of the new agreement, Sportech Racing has completed an integration project to interface the LEIDSA system to a third-party provider to support the sale of LEIDSA lottery products on cell phones and online.
Pedro Alegria, President of Loteria Electronica Internacional Dominicana S.A., stated “Sportech Racing has been a key technology partner to LEIDSA since we began with just one lottery game and 250 sales outlets. We are confident that continued application of Sportech’s technologies and innovations will support LEIDSA’s growth and service goals and allow us to continue our mission of creating winners in the Dominican Republic.”
Andrew Gaughan, Managing Director of Sportech Racing, stated: “Sportech is delighted to secure this significant extension of our agreement with the Dominican Republic’s lottery leader, and our valued customer, LEIDSA. The work Sportech has done with LEIDSA since 1997 demonstrates the flexibility of Sportech’s wagering systems and terminals, with the ability to support diversity in gaming and non-gaming products at the retail point-of-sale. We look forward to continuing to work with LEIDSA to deliver new products and services and to take advantage of the investment that Sportech has made and continues to make in innovations that will benefit all Sportech Racing customers.”
About Sportech Racing LLC and Sportech Plc
Sportech Racing LLC is a leading global provider of wagering technology solutions to licensed racetracks, off-track betting networks, Internet wagering operators and casinos. Sportech’s Interactive Products and Services group provides customized Internet, phone and mobile technologies and associated services to licensed gaming operators in the U.S. and Puerto Rico as one of the largest Internet wagering technology providers and operators in the U.S. The company’s sister division in the United States, Sportech Venues, Inc., owns and operates Winners, a network of off-track betting and sports bar betting venues and an account wagering service, under an exclusive license to operate pari-mutuel wagering in Connecticut.
Sportech Plc is one of the world’s leading pools and tote gaming organizations focusing on highly regulated markets worldwide. Sportech provides pari-mutuel betting on football (soccer), horseracing and greyhounds, processing over $13 billion in bets annually with a presence in 30 countries. Sportech also has a developing e-Gaming business. Sportech is headquartered in London, England with operational offices in Liverpool, England, Atlanta, Connecticut, California, New Jersey, Netherlands, Germany and Ireland. For more information about Sportech PLC, please visit www.sportechplc.com.
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SOURCE Sportech Racing