Sportech – Contagious Gaming Deal Is Off (update)

After two extensions to negotiating timeframe, betting companies walk away from acquisition deal

After months of negotiating that has necessitated two stock exchange extensions to the mandatory bargaining timeframe (see previous InfoPowa reports) UK-based Sportech plc and Canada's Contagious Gaming have abandoned acquisition talks.
Announcing the failure to reach agreement despite negotiating since August this year, Contagious said that it had not proved possible to secure mutually acceptable terms, whilst Sportech declared that it had not received an offer that the board could recommend to shareholders.
Sportech has also noted that it has received other offers from undisclosed parties which it is considering.
InfoPowa readers will recall that Sportech was not the only iron Contagious had in the acquisition fire; in October the company announced an agreement to acquire sports software provider Digitote for Euro 4.8 million.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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