BUSINESS

Sportech ‘first European company’ to get full gaming-related license in New Jersey

TAGs: division of gaming enforcement, New Jersey, spain, Sportech, sportech racing

sportech-racing-new-jersey-licenseThe US subsidiary of UK pool betting operator Sportech PLC is celebrating after officially receiving its New Jersey license.

On Tuesday, Sportech announced that its Sportech Racing subsidiary had received a Casino Service Industry Enterprise License from the New Jersey Division of Gaming Enforcement (DGE). The license supersedes the transactional waiver that Sportech Racing has been operating under for the past four-plus years. Sportech claims this represents “among the first, if not the first, full gaming-related license to be issued in New Jersey to a European-owned company.”

Sportech Racing processes wagers for the state’s racetracks, off-track betting facilities and the state’s only advance deposit wagering online race betting site. Sportech’s data and operations center in Mt. Laurel handles over $11b in annual wagering from racing punters in the US, Canada, the Caribbean and South America. Sportech is also operating online casino gambling for Atlantic City’s Resorts Casino Hotel as part of the SNG Interactive joint venture with NYX Gaming Group.

Sportech CEO Ian Penrose celebrated receiving the DGE’s “gold standard” approval, calling it “an endorsement of our standards of operations and the qualifications of our directors and senior employees.”

Across the pond, Sportech Racing and Digital has boosted its Spanish market presence by inking a deal with Apuesta Hipica y Deportiva Iberia, which controls racing and betting operations at the Gran Hipodromo de Andalucia in Sevilla.

Sportech has agreed to provide the venue with pari-mutuel betting services via its Quantum System software, which is currently in use by operators including Betfred Totepool, Tote Ireland and Denmark’s Danske Spil. The Quantum System is run from Sportech’s main data center in Berlin.

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