Inspired Entertainment acquires Sportech Lotteries

Inspired Entertainment has acquired Sportech Lotteries, a subsidiary of Sportech PLC. This move, which is expected to provide Inspired with additional growth opportunities in North America, bolster its positioning in the growing iLottery market and enhance its ability to offer a platform with a full turnkey lottery/iGaming solution to new customers in the future, is its first acquisition in the lottery sector.

Inspired acquired Sportech Lotteries for US$12.5 million on a cash free/debt free basis, subject to certain customary adjustments and up to US$2 millions of potential additional earnout consideration.“This acquisition accelerates our entry into the lottery business, where, as a management team, we have extensive collective experience and long-standing relationships," said Lorne Weil, Executive Chairman of Inspired. "We expect to build on Sportech's established lottery supply contract to increase our scale and scope within the lottery and gaming ecosystem. We are excited to enhance the value proposition we provide to operators and consumers as we seek to realize on significant opportunities in the sector."

Sportech Lotteries holds a lottery systems contract to provide online and retail lottery services, as well as the upcoming launch of Sportech’s iLottery solution, to Loteria Electronica Internacional Dominica (LEIDSA) of the Dominican Republic, which has been extended by 10 years through March 9, 2035. "LEIDSA is one of the largest and most successful lotteries in Latin America. Beyond the immediate potential in the Dominican Republic, we anticipate that the lottery systems platform can be further enhanced in order to accelerate the path of our strategic objectives in the worldwide online and retail lottery market”, he added.