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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 :

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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