Sportech’s Dutch trading arm sold to RBP Luxembourg

24 Apr 2018

SportechSportech Racing BV, Sportech's Dutch subsidiary is now part of RBP Luxembourg, following a successful bid of €3.25m. The well-known sports betting bookmaker's Dutch trading arm practically plays in a league of its own when it comes to horse-racing and tote betting in the Netherlands. It runs 47 betting stores all over the country, and its site runnerz.nl is one of the most popular among Dutch punters. With a newly acquired license, Sportech seems to have made quite a favorable negotiation as far as fees are concerned.

The company will receive a starting fee that amounts to €2.8m as soon as the deal is sealed, and another €450,000 in January 2019. CEO of Sportech Andrew Gaughan noted the interest of the company to expand on its US-based audience. He also announced his enthusiasm on Sportech's license extension that will help solidify the company's overall management realignment. Mr Gaughan mentioned that the collaboration with RBP will be a long-term one, through which Sportech will offer their tote services, and on the other hand provide RBP's French racing pool betting to their existing customers. The deal is yet to be finalized and approved by Luxembourg regulatory boards in December 2018.

About Sportech

With a focus on operating on highly regulated markets and an international workforce close to 800 employees, the company is one of the major players in the pari-mutuel betting technology vertical. Its range of solutions covers gaming organizations, sports teams as well as racetracks. Sportech also runs several gaming venues in the USA and the Netherlands. It also has significant charity contributions with their Bump 50:50 program assisting charity organizations to help raise funding at industry events. Sportech also shows significant adoption of "Green" practices by streamlining their internal resource consumption and by going all digital to help lower paper use.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The Norwegian Ministry of Culture is considering unifying the country’s gambling laws under a new piece of legislation. This means that the Lott...

Read more »

The Cypriot government is determined to amend the nation’s sports betting law in order to benefit the development of all-levels of Cypriot football. M...

Read more »

Betzest has announced a brand new partnership with the paramount payment provider Youpaycoin for both its online sportsbook and casino platforms. Youp...

Read more »

Bethard Group Limited has announced that it will cease its operations in the UK gambling market as of July 6, 2020. The Malta-based operator informed ...

Read more »

GVC Holdings PLC, the owner of Bwin, has been readmitted to the FTSE 100 and 888 Holdings PLC, the owner of 888sport, has entered into the FTSE 250 In...

Read more »

Visa cards could soon be banned from online casinos that operate in the German market due to illegal gambling transactions that reportedly take place....

Read more »

The Swedish gambling regulator, Spelinspektionen, has submitted new regulatory changes for football betting to the National Board of Trade, aiming at ...

Read more »

Norsk Bransjeforening for Onlinespill (NBO), simply known as the Norwegian Industry Association for Online Gaming, has requested the national authorit...

Read more »

The Ukrainian government has recently shut down the domains of 59 international online gambling operators, despite the fact that the country’s efforts...

Read more »

Denmark’s gambling regulator, Spillemyndigheden, has blocked access to 16 websites that were offering their gambling services without a license. The r...

Read more »