Arena Racing Company has bought a 45 per cent stake in i-neda Limited, the provider of technology to the global pari-mutuel betting industry.
The purchase sees ARC becomes an equal shareholder in the business alongside Dermot Desmond.
ARC is the biggest racecourse operator in the UK with 16 horse racing courses alongside two greyhound stadia in Newcastle and Sunderland, whilst i-neda provides horse race wagering solutions across the USA, Europe and Asia.
Most recently, i-neda won the tender to provide on-course Tote services to Britbet, used across 55 British racecourses.
Kevin Robertson, ARC group corporate development director, said: “As with all areas of our business, we always look to bring skills and expertise in house where we can.
“i-neda has been a significant partner of ours for many years, so the opportunity to invest and work even more closely made complete sense. We are delighted to formalise our partnership in this manner.”
