All bets are on for Sportech acquisition

All bets are on for Sportech acquisition

Online betting firm Sportech (LON:SPO) are traded up as much as 15% today as it becomes the latest online gambling company to attract bidding interest.

The company received an offer from Toronto-listed Contagious Gaming Inc.

Sportech are currently up 10.5% at 69.21 pence per share.

This is the latest in a string of deals involving betting sites.

Ladbrokes and Gala Coral merged last month in a £2.3 billion deal, who will overtake William Hill to become Britain’s biggest gambling chain.

Last week GVC Holdings Plc raised its offer to buy rival Bwin.party Digital Entertainment Plc, currently owned by 888, for a second time in two weeks.