Inspired Entertainment has acquired Sportech Lotteries, a subsidiary of Sportech PLC, for US$12.5m plus up to $2m in potential earnout consideration.
The principal asset of Sportech Lotteries is the contract to provide online and retail lottery services, as well as the upcoming launch of Sportech’s iLottery solution, to Loteria Electronica Internacional Dominica SA (LEIDSA) of the Dominican Republic, previously scheduled to run until March 2025. Alongside the acquisition of Sportech Lotteries, Inspired and LEIDSA extended this lottery systems by 10 further years, to March 2035.
“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 realise on significant opportunities in the sector. 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.”