Archive for July 13th, 2011

BetFred buys the UK Tote for £265 million

July 13, 2011
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BetFred buys the UK Tote for £265 million

This is a move I find a little surprising. Last week BetFred completed their purchase of the (formerly) government owned Tote, paying £265 million. They will now re-brand and take over the operation of 517 retail betting outlets and assume control of the Tote’s monopoly on-course pool betting at 60 race tracks across the...
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