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Scientific Games has sold its entire stake in Sportech

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.

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