- Sportech has materially improved the terms of a contract that was inherited on its acquisition of the Scientific Games Racing business in 2010.

Ian Penrose, CEO of Sportech, said: "These material improvements to our contractual arrangements mean that Sportech and Shoreline Star have now more closely aligned our financial interests in the outlook for gaming in Connecticut.

"At a time when legislation for additional slot machines in the State is gaining momentum, and other forms of gaming may be introduced in the medium term, I am pleased that, following a lengthy and difficult period of negotiation, we now have a structure in place, which will bring increased financial returns to Sportech."

At 9:29am: [LON:SPO] Sportech PLC share price was +1.63p at 66.5p

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