Sportech, a leading betting technology provider, has announced that it has entered into a multi-year international commingling agreement with UK Tote Group in terms of which it will supply its proprietary digital platform to the operator.
The new agreement will see UK Tote Group having the opportunity to employ Sportech’s worldwide Quantum commingling ecosystem in order to gain access to horseracing and other sporting pools around the world.
In addition to the new international commingling agreement, Sportech has formally handed over a proprietary digital platform on which Sportech has worked closely with UK Tote Group over the past year to jointly create and deliver. The platform is a cloud-based solution that is directly connected to Sportech’s global commingling ecosystem
Richard McGuire, the Chief Executive Officer of Sportech, commented on the agreement by saying that Sportech has invested heavily to develop its Quantum global ecosystem and to improve the quality of its international business.
McGuire went on to say that the global market for pool betting is in excess of US$ 100 billion and UK Tote Group has an impressive team with ambitious plans.
McGuire also said that Sportech is delighted to extend its relationship with UK Tote Group to support their global initiatives.
Alex Frost, the Chief Executive Officer of UK Tote Group, said that this agreement with Sportech demonstrates further commitment to their international development plans and a desire to see their pools betting operation lead the way in technological innovation to help grow betting on horseracing around the world.