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Cash Strapped Uk To Put Tote Up For Sale
Late autumn bidding date likely
The new UK coalition government is to follow its predecessors in attempting once again to sell the Tote bookmaking organisation, reports the newspaper CityAM.
It is expected that the sale of the state-owned bookie will take place in the late autumn, according to minister for tourism and heritage John Penrose in a statement to parliament Wednesday.
CityAM notes that the disposal of the Tote, which takes bets on horse racing, football and other sports, forms part of a wider sale of government assets as the country strives to close a yawning budget gap.
“This process will be open to all organisations who have an interest in the Tote, and the government expects to be in a position to update the House early in the new year,” said the minister.
Private-sector rivals such as Paddy Power and Ladbrokes have previously said they could be interested, but only at the right price.
The previous Labour government’s attempts to sell Tote were cancelled in 2008 due to poor market conditions. The company was thought to be worth upwards of GBP300 million at the time.
Current Chancellor of the Exchequer George Osborne announced in his June emergency budget that he planned a future for Tote that “secures value for the taxpayers”. It will now be put onto the open market.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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