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Big Plans For Betfred

2/17/10 - The online and land bookmaker Betfred has ambitious plans for the immediate future that could see a bid to buy the Tote, and expanding further into the London betting shop sector with 25 shops employing up to 150 people.
 
Betfred chief Fred Done told the Manchester Evening News about his plans this week, saying that he expects state-owned betting business the Tote to go on the market after the UK general election and expressing an interest in bidding for it.
 
The gambling executive was celebrated the opening of his latest branch in Manchester’s Chinatown, and revealed that he was committed to raising BetFred’s profile in London.
 
“We will be specifically targeting the best quality locations we can find and emphasis for the new openings will be within the M25," he said. Bookmaking is in recession like every other industry. You have got to get the best if you want the best chance of succeeding.
 
“The shops we do have in London are trading very well but we need more support from bigger numbers of shops.
 
“The name BetFred is not so well known in London as it is in the north, but we have been sponsoring some high-profile events like the World Snooker," he added.
 
Done still believes the Wigan-based Tote is within his grasp – if the price is right. The sale of the state betting chain, which has 540 outlets, has been on the cards for years and an offer of GBP 400 million was rejected in 2007.
 
“We can buy it, but in the last two years the value will have dropped considerably," said Done. “I now believe the asking price should be less than GBP 200 million.”
 
BetFred saw turnover increase to GBP 2.77 billion in 2009, a 5.7 percent increase on 2008. The company is owned by brothers Fred and Peter Done and was established in 1967, employs around 2 600 staff and has 830 shops from Aberdeen in the north to Cornwall in the south.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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