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Tote Sale Updates
Hopes that the UK government will announce final bidders by ICE 2011
The latest attempt to auction off the Tote, the UK's state bookmaking organisation, could deliver interesting news in time for the ICE exhibition in London at the end of January.
The shortlist of bidders could be announced in time for ICE 2011, with the Racing Post newspaper speculating that the shortlist may be reduced to as few as three 'interested parties' from an initial field of 13.
All parties have been told to prepare for a decision within three weeks, a period which would run through to the middle day of ICE 2011.
According to the Racing Post, the three frontrunners are Betfair, the Reuben Brothers (7/2) and Sportech (4/1). The publication claims that Betfair could use the Tote as a driver for their expansion plans but may need an industry partnership to secure the bid.
Sportech, the Liverpool-based pools company, recently established a horseracing arm with a US-based tote business.
The Reuben Brothers, who own Northern Racing and at least 24 percent of the seven-track racecourse group Arena Leisure, are committed to racing but have not yet had direct involvement in gambling.
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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