Sportech to to sell its Global Tote business to Betmakers Technology Group for £30.9m.

Betmakers Technology Group, a software development company, completed the acquisition of the Global Tote business of Sportech, an international betting technology business, for £31m. "Acquisition of Sportech's Global Tote business is part of our company's international expansion plans...We consider the Sportech name to be synonymous with racing around the world, and we believe that BetMakers has the complementary knowledge and assets - and shared values built around a passion for racing - to help deliver ongoing success for clients, partners and all stakeholders in the racing industry. We are excited not only to be a partner that sustains racing through innovation in technology, services and solutions in the existing Sportech footprint, but also to pursue the growth opportunities that are being presented as new regulated markets open up such as the US," Todd Buckingham, BetMakers CEO.