| On 7 years ago

Scientific Games has sold its entire stake in Sportech


Scientific Games, the US gaming and lotteries platform developer, has sold its entire stake of the UK-listed Sportech company for approximately £27.8 million.

Scientific Games had exactly 39,742,179 shares of the company which represented around 20% of the total shares. These were held since january 2010 after Sportech decide to acquire the pari-mutuel betting subsidiary Scientific Games Racing.

Scientific Games has confirmed that it sold all of the shares in Sportech for $27.8 million but gave no reasons as to why it had decided to do so. Scientific Games had earned almost £8 million from those shares during the time it held them.