Betfred Offers To Downsize To Keep Regulator Happy

BETFRED OFFERS TO DOWNSIZE TO KEEP REGULATOR HAPPY

18th December, 2011 at 00:35:10
Source: http://www.azonlinecasinos.com

UK bookie prepared to sell 25 betting outlets to gain 517

Brit land and online bookmaker Betfred has offered to sell a betting shop in each of the 25 areas where regulators are concerned about competition following the gambling company's recent takeover of the Tote from the government (see previous reports).

Before the Office of Fair Trading can approve the Tote deal, Betfred will have to relinquish the 25 betting outlets in areas where the competition element is a concern.

The company has a total of 840 betting shops throughout the United Kingdom, with the Tote adding a further 517 outlets to that if the deal is approved.

Related News Tags: , ,



« News index »



SPORTECH DELIVER MEDIOCRE RESULTS

04th March, 2015 at 16:13:26
Beats internal expectations says CEO

NEW FORUM FOR GONE GAMBLING PORTAL

04th March, 2015 at 09:12:23
Outdated message board gets a facelift.

GOOGLE GIVES MOBILE A BOOST

04th March, 2015 at 09:12:23
Google will begin ranking mobile-friendly sites higher starting April 21,

LEGENDZ SPORTS OWNERS CONVICTED (Update)

04th March, 2015 at 09:12:23
Three Florida men and a local corporation found guilty on illegal international gambling and money laundering.

THE GAMBIA BANS GAMBLING

03rd March, 2015 at 20:41:38
Government takes tough stance on mushrooming sports betting and gambling dens.