The parent company of the state's lone off track betting operator is up for sale. Sportech Venues operates 16 OTB facilities and has been authorized by the state to open 8 more.
The Danbury Zoning Commission recently voted to change ordinances to allow OTB in the City. The City Council has not yet been presented with a proposed location to vote on.
The state Department of Consumer Protection told the New London Day that Sportech Venues’ new parent company would be subject to the terms of the existing contract, which extends indefinitely.
London-based Sportech PLC has decided to seek offers for the company to maximize value for shareholders.
The state legislature passed a gaming-expansion bill this year that increased the number of OTB facilities Sportech Venues is authorized to open from 18 to 24. The DCP Gaming Division's website. says off-track betting contributed more than $3.6 million in taxes to the state’s General Fund in the 2015 fiscal year.
