betfred
we are also the main sponsor of the betfred select stakes, betfred eclipse and the betfred gymcrack .
wanderers have confirmed a lucrative two - year sponsorship deal with gambling firm betfred .
acquired in 2011 for £265m, betfred and tote have continue to successfully grown .
betfred marketing detailed that jdg deep knowledge of the sport was needed in order to boost activation of its ‘betfred’s super league’ sponsorship, one of the bookmaker’s biggest marketing initiatives .
super league has new title sponsors after announcing a three - year deal with betfred .
betfred wants to continue using the tote name at the uk' s 60 racecourses .
betfred will take over the tote' s monopoly on pool betting at 60 uk racecourses and online, and will rebrand the tote' s 517 high street outlets under the betfred name .
super league chief executive nigel wood said :
betfred is a well - recognised household name and i am delighted to welcome them to the sport as the new title sponsors of the betfred super league .
paul fisher, group managing director of jockey club racecourses, said: “i would like to thank betfred for their support of both races in recent years. betfred have been clear both partnerships performed very well for them .
uk - based bookmaker betfred has been chosen to buy the tote after an auction process that began in november .
wigan' s man of the moment joe burgess is the betfred 7 / 2 favourite to be top try scorer in the 2017 super league. one of the new faces of the betfred - sponsored super league xxii, burgess has
jdg, a content marketing specialist, will promote betfred as title sponsor and best bookmaker for uk rugby league. the partnership sees betfred take up significant coverage on jdg’s urltoken portal, the uk’s biggest rugby league news and information website .
betfred replace previous sponsors spin and win – with the new deal worth “significantly more” according to sources at the club .
paul roy, chairman of the british horseracing authority, said the industry would do its best to work with betfred .
contract renewal with previous partner, betfred, has not been possible following british racing’s authorised betting partners’ initiative, said jcr .
betfred boss and entrepreneur fred done is delighted to be renewing his company’s links with wanderers after their return to the championship .
betfred, which is paying £265m, said it would look at ways of exploiting the public body' s commercial potential .
as part of the deal, betfred will keep exclusive control of the pool betting system on uk racecourses for seven years .
however, despite writing city off this season, betfred has installed them as 7 / 4 favourites for the 2012 - 13 title .
betfred, which was established in salford in 1967 but is now based in warrington, is already the sponsor of the world snooker championship .
it' s betfred cup quarter final week we' re one tie away from knowing who will complete the semi final line - up .
betfred corporate enquiries for press enquiries please contact mark pearson – head of media 01925 288 591 / 07702 851 425 mark. pearson @ urltoken
the bloom may be off betting operator betfred ’s purchase of the tote as the uk racing industry considers launching a rival pool betting business .
the scottish professional football league has agreed a three - year deal with uk - based bookmaker betfred to sponsor the new - style league cup .
in recent years, betfred owner fred done has had a fractious relationship with uk racing. in december 2015, done stated that his company could ‘walk away from the sport’ following the loss of betfred’s title sponsorship of cheltenham festival’s gold cup for not committing to uk racing’s ‘authorised betting partner’ scheme .
ken anderson said: “we are thrilled to have betfred on board as our official shirt sponsor who join our ever - increasing and high - profile partnership portfolio .
but barry nightingale, betfred' s finance director and the man who led the bid, said the firm was committed to the industry for the long term .
betfred executive chairman fred done added that after the seven years were up ,
there' s no reason why this can' t go on forever
.
betfred are one of the most active sponsors of sport in and around the uk with a wide variety of sports and tournaments under the famous red and blue banner .
uk independent bookmaker betfred has hired sports media agency jdg sport to help optimise its title sponsorship of rugby league’s ‘2017 super league’ season (start date 9 february) .
betfred' s executive chairman, fred done, said in a statement :
buying the tote has been an ambition for years, so i am absolutely delighted .
betfred has lost two major sponsorships – the cheltenham gold cup and the sprint cup festival at haydock park – through not being given authorised betting partners status by jockey club racecourses .
but we will now work with betfred and the government to ensure their commitments are delivered upon, both in relation to the tote and other areas of industry reform .
one of britain’s biggest betting shop chains, betfred, which also owns the tote pools betting business, has plunged into the red due to a decline in its digital operations .
betfred, which opened its first betting shop in salford in 1967, are the seventh different title sponsor of super league since its formation in 1996 under the backing of stones bitter .
the times has revealed that a group of uk racing stakeholders are preparing to establish a rival pool - based betting system to betfred’s tote, as the sport looks for new revenue streams .
as part of the overall purchase, betfred was awarded an exclusive seven year licencse to operate pool betting at uk racecourses, tote’s 517 shops and the online arm of totesport. com .
mr done, who is 68 and is betfred' s executive chairman, said buying the tote had been an ambition of his for many years and an opportunity he could not miss .
in may 2016 it was announced that betfred would take over sponsorship of the scottish league cup for 3 years rebranding it to the betfred cup. eight sections of five teams play in a round - robin format starting each july. the tournament involves 38 clubs with the exceptions being clubs involved in champions league or europa league qualifiers. the winners of the highland league and lowland league also partake in the competition that culminates with a final at hampden park in november. coverage of the betfred cup is provided by subscription channel bt sport and the current champions are celtic fc .
at the time of the tote sale, a number of racing stakeholders were critical of the government’s actions stating that betfred had been granted a ‘cheap pass’ to create a trackside monopoly on racing pools .
each week trevor baxter turns the spotlight on betfred super league stars and gets them to reveal a little more about their lives, often with surprising results. in this issue, he caught up with hull
hull kr head coach tim sheens is hoping new arrival todd carney can
hit the ground running
and help the club retain their betfred super league status for the 2019 campaign. rovers have been short
betfred' s main rival in the auction was sport investments partners (sip), a consortium led by the british airways chairman martin broughton, which was the preferred option of many in the industry .
“betfred enjoyed a great relationship with bolton whilst operating as the club’s official betting partner a few years ago and it’s great to be back at macron stadium but this time as title sponsors, ” he said .
to say i' m chuffed to bits about the betfred sponsorship of super league would be an understatement. it has been absolutely brilliant - and i' m so pleased i allowed myself to be persuaded to invest
in 2011 amid the ongoing financial crisis recovery, the uk government sold the tote to betfred for £265 million. uk racing received 50% of the sale which was ring - fenced for the racing foundation charity .
gambling and racing minister john penrose said the government had
bent over backwards to deliver a good deal for racing
, but betfred could yet face a hostile reception from racecourse owners who favoured the rival bidder .
in an apparent battle between old and new money in the closely knit racing world, it is thought warrington - based betfred got the nod from ministers because its offer was less likely to breach state aid rules .
castleford tigers head coach daryl powell has ruled out a return to leeds rhinos ahead of the two sides' meeting on sunday (castleford 11 / 2 - betfred super league grand final outright). leeds took the decision
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the deal with betfred, who also sponsor the world snooker championship, is thought to be worth between £850, 000 and £900, 000 a year, compared to around £750, 000 a year from first utility .
his betfred business, which he founded from a single shop in salford in 1967, beat off competition from a consortium led by british airways chairman sir martin broughton to land the on - course and betting shop chain .
betfred also claimed its deal was worth £45 million more to the industry than the rival consortium and said it had signed an undertaking that there will be no more than 150 staff cuts in the first year following completion .
accounts just filed for its parent firm for the year to september 27, 2015 show that customers at betfred’s 1, 402 shops and online gambled £10. 4 billion, resulting in a net turnover of £526 million .
betfred are on the road to wembley after agreeing to sponsor the shirts of non - league afc fylde in their fa cup second - round tie which will be broadcast live on friday. past winners of the world' s
that could help ease some concerns that betfred is more interested in the 500 betting shops than the on - course side. it has also agreed to pay a minimum of £65 million to the industry over the next seven years .
betfred has pledged to keep job losses for the next 12 months to less than 150 of the 9, 000 headcount for the new combined business. it said a lot of those job losses would be concentrated in the north west .
monday' s 2 - 0 win over blackburn rovers moved united five points clear of manchester city and betfred' s fred done has risked the ire – and possible ridicule – of the blue half of manchester by declaring the race already over .
i have met with owner fred done, who is passionate about rugby league and we look forward to working closely with him, everyone at betfred and our member clubs to continue to increase the visibility of our sport over the next three years .
led by the jockey club and arena racing company (arc), it is understood that 56 of the 60 uk racetracks have committed to the tote rival venture which will aim to launch its services by 2018 when betfred’s exclusive pools licence runs out .
betfred’s £265m deal for the tote gave it an exclusive right over race pool betting in the uk until 2018. but the mail on sunday reported that major uk racing stakeholders including the jockey club and racecourse media group had begun exploring their post - 2018 options .
a betfred spokesman said the company wasn’t in a position to comment on the report. the company’s purchase of the tote required it to remit £9m per year back to racing, a sum the company says it routinely exceeds by as much as 50% each year .
we are one of the largest sponsors of uk horse racing with around 700 races spread across a host of courses including the midlands national at uttoxeter racecourse, the dante stakes at york racecourse and the betfred cesarewitch on the rowley mile course at the home of british racing; newmarket racecourse .
in 2005 betfred became sponsors of the group one sprint cup at haydock park. the race is run over the minimum distance of five furlongs. the sponsorship ended in 2016 and we also sponsored the most prestigious national hunt race, the cheltenham gold cup, between the years of 2012 and 2015 .
betfred sponsored the world snooker championships between the years of 2009 - 2012. in 2015 it was announced that we were to once again become the sponsors of the tournament and increase the winner’s prize money to £425, 000. the current champion is mark williams who defeated john higgins earlier this year .
in 2017, betfred began a three year period as the main and title sponsor of rugby league’s super league. the league is the northern hemisphere’s premier rugby league competition featuring 12 teams spread across england whilst also featuring the catalans dragons who are based in perpignan, france. the season finishes with the grand final that has been held at old trafford since 1998. the current champions are the leeds rhinos who defeated the castleford tigers in october 2017. in june 2017, betfred was confirmed as the new official shirt sponsors of championship side bolton wanderers in an agreement which will initially last for two years .
paul roy, chairman of industry regulator the british horse racing authority, said the decision was
not our preferred outcome
, but added it would
now work with betfred and the government to ensure their commitments are delivered, both in relation to the tote and other areas of industry reform .
the racecourse association, the owners' lobby group and opponent of the tote sale, added :
the racecourses are businesses, run by business people, and the task for them now is to sit down with betfred with a view to negotiating acceptable commercial terms both for racing and for the individual courses .
taking on the tote shops, which are to rebranded, will make betfred a sizeable player in the uk bookmaking industry. the deal will increase the size of its estate to more than 1, 350 shops and make it a
fourth force
in the bookmaking industry behind gala coral, william hill and ladbrokes .
petfre (gibraltar) limited, trading as betfred, is licensed and regulated by the uk gambling commission. license number 39544 petfre (gibraltar) ltd registered office is at 5 / 2 waterport place, gibraltar, with registered company number 99314. copyright 2011 petfre (gibraltar) ltd. all rights reserved. account holders must be 18 or over .
gemma strath, group head of marketing at betfred, commented on the partnership: “love rugby league have been engaging with rugby league fans for many years and as such, it made perfect sense for us to work together in this our inaugural year as super league sponsors. doing so allows us to get closer to fans of the sport and build strong relationships moving forward. ”
racing' s customers, the punters, see it as racing' s bookmaker and i think one of the challenges for betfred - which again is a company that i do respect - is to convince punters, as well as racing, that he' s going to run the tote for the benefit of racing as well as for the benefit of his own business .
the timing could be coincidental, but the news comes after betfred boss fred done took a typically defiant stance towards racing’s new authorized betting partner (abp) scheme, which limits racing sponsorship to operators who remit a certain portion of online betting revenue back to racing. in december, done said relations between betting and racing were “worse than they’ve ever been. there’s no trust. ”
jdg sport md james gordon backed betfred as partner: “from our first meeting, we recognised there were some great opportunities and, with both companies being based in warrington, it lends itself well to a positive and developing working relationship. we cannot wait for the new rugby league season with such a great partner on board, whose input will allow our great team of journalists led by john davidson in continuing to deliver exclusive news and feature content. ”
a manchester united - supporting bookmaker has tempted fate once again by paying out on his side retaining the premier league title – even though there are still seven games remaining this season .
done lost £500, 000 in 1998 when he was the first bookmaker to pay out early on the league winners. united were 12 points clear of arsenal at the time, but went on to lose the title by one point .
back in 1998 fergie told me to never pay out early again but sir alex need not worry, i' ve not got it wrong this time ,
he said .
united are past the post for a record 20th title. even with the derby to come a five point lead is just too much for city .
© 2018 guardian news and media limited or its affiliated companies. all rights reserved .
this season' s competition, won for the first time by ross county, was sponsored by energy firm utilita from the quarter - final stage onwards .
next season, it will revert from a straight knock - out competition to a group - stage format in the first round .
eight sections of five teams will play the round - robin, starting in july .
it will involve 38 clubs not involved in champions league or europa league qualifiers, plus the winners of the highland league and lowland league .
it is also heavily involved in the horse racing' s grand national and in greyhound racing .
the scottish league cup has previously been sponsored by coca - cola, skol lager, bell' s whisky, co - operative insurance and the qts group .
county defeated hibernian 2 - 1 in this season' s final at hampden park .
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online gambling has been a contentious issue all over the world for many years now. some countries took a stance of being against the presence of online gambling. however, with time they found that it was impossible to police, and that they were fighting a losing battle. they internet is awash with opportunities to gamble illegally online, and the governments of said countries eventually realised that they could not control the presence of online gambling within their borders. most countries have since moved to allow legal online gambling .
the successful online gambling team are here to help you find out all you want to know about how to make money betting on the internet. find out about successful online gambling tournaments .
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if you would like to know more about the inside edge mag website please contact them directly .
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croatia' s domagoj vida can play against england in wednesday' s world cup semi - final despite featuring in a pro - ukraine video. fifa said it had issued the besiktas centre - back, 29, with a warning .
midfielder eric dier believes england' s run to the world cup semi - finals is healing the scars of their embarrassing, morale - sapping euro 2016 defeat v iceland - but insists their campaign in russia cannot be hailed a success yet .
rafael nadal into the wimbledon quarter - finals after a 6 - 3 6 - 3 6 - 4 victory over jiri vesely .
| croatia coach zlatko dalic says fatigue will not be an issue against england and they are ready to give everything they have got ...
jack wilshere has joined west ham on 3 - year deal - the club he supported as a boy. the 26 - year - old england midfielder' s contract with arsenal ended in june. he said :
it feels special. many people know that i' ve had a special bond with this club growing up .
| hugo lloris has dismissed the betting for the world cup and insists belgium should be considered the favourites... tap
serena williams reaches her 13th wimbledon quarter - final after beating evgeniya rodina 6 - 2 6 - 2 .
midfielder james mcclean has failed to report to west brom' s training camp in scotland .
- - - roger federer cruises into the quarter finals with a straight set victory over adrian mannarino. # wimledon urltoken
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holders celtic, rangers and hibs are through and motherwell and aberdeen bring the last eight action to a close on thursday .
holders celtic defeated dundee on wednesday rangers edged past partick thistle at firhill to get the ball rolling just days after the action - packed meeting between the same two sides in the premiership. hibs squeaked past livingston to book their place in the final four .
the last four draw will be made on thursday, september 21, immediately after the motherwell vs aberdeen quarter final at fir park .
that means it should begin around 10pm although, if the match goes to extra time and penalties, it could be a good bit later .
right here at record sport online. we will be blogging the quarter final matches including thursday' s clash between motherwell and aberdeen. then we will follow that with the draw for the semi finals .
it' s also being beamed live on bt sport 1 if you happen to have the telly on .
what is at stake for the semi finalists... and indeed the winners ?
transfer talk transfer news live as umar sadiq hints he' s on his way to rangers all the latest news, rumours and gossip from the summer window in your one - stop transfer talk shop .
football news steven gerrard has rangers playing like the italian world cup winners of 1982 - hotline michael gannon answered your calls and it' s fair to say there were one or two outlandish suggestions made by fans .
aberdeen fc show racism the red card call for full investigation into shay logan racial abuse claims aberdeen full - back alleged he was racially abused by some celtic fans following his side' s victory at parkhead in may .
manchester city fc celtic and rangers among bookies favourites to sign manchester city goalkeeper joe hart the former west ham and torino loanee is expected to leave the etihad again this summer .
dunfermline athletic fc willo flood' s move to bali collapses as red tape ends dream move flood' s time in indonesia ends just three days after he signed following his decision to quit dunfermline after nine days .
celtic fc 5 things we spotted as scott brown trains ahead of celtic' s clash with alashkert brendan rodgers' side will kick - off their champions league qualifying campaign in yerevan on tuesday night .
brendan rodgers brendan rodgers admits celtic will face difficult conditions in champions league clash with alashkert temperatures in armenia are set to hit the mid - 30s when the hoops kick off their qualifying campaign on tuesday .
celtic fc what channel is alashkert vs celtic? live stream, tv and kick - off details the hoops head to armenia for their opening champions league qualifier and here' s all you need to know .
glasgow city of glasgow contains the 10 most deprived areas in britain researchers used census data from 1971 to 2011 and discovered all the most deprived places in this period were in scotland' s largest city .
royal alexandra hospital teenager dies in loch lomond near luss the drowning of a 17 - year - old is the second fatality on the loch in less than a week .
alesha macphail alesha macphail’s heartbroken mum breaks silence to thank bute residents for support georgina lochrane posted an emotional message for locals on social media .
michael jackson michael jackson death doctor claims pop icon was' chemically castrated by his dad to keep high voice' conrad murray - who was convicted of involuntary manslaughter over the king of pop' s death - has spoken out after joe jackson' s death last month .
babies danone probe claims new aptamil baby milk formula has left tots feeling sick the french company said it takes reports of youngsters becoming ill after drinking the milk' very seriously' .
brexit boris johnson says theresa may brexit plan will leave uk a' colony' of european union in his resignation letter the former foreign secretary says the uk is now heading for a
semi - brexit
under the prime minister .
fatal fires grenfell tower firefighter reveals how he thought he' d die trying to save child from burning building christopher dorgu was on the 20th floor when he started running out of oxygen while searching for a 12 - year - old girl .
uk government jeremy hunt new foreign secretary after boris johnson quits over brexit the former health secretary accepted the role left by johnson who plunged the government into crisis with his decision to step down .
glasgow cops hunt shaven - headed thug after bigot attacks priest during orange order march canon tom white was spat on and verbally abused as the orange parade marched past st alphonsus’ church in glasgow on saturday .
theresa may can prime minister theresa may survive after boris johnson and david davis quit over brexit? the tory leader' s premiership has been plunged into a fresh crisis after her foreign and brexit secretary walked out her cabinet .
gun crime shock video shows gunman shooting at female driver stuck in rush hour traffic in london the gunman walks up to the window of the vehicle and tries to kill the driver who somehow managed to avoid the bullets .
cystic fibrosis cystic fibrosis battler in desperate plea for drug that could prolong her life laura ewing says' no 26 - year - old should be planning their funeral' .
internet trolls' football is coming home, guess what isn' t?' scots teen trolled with sick jibe at her dead dog after taunting england fans the glasgow teenager received a harsh backlash when she said she wanted' dreams shattered' .
brexit theresa may' s tory government faces total collapse after boris johnson and david davis quit the resignations of the two big hitters put the prime minister on course for a showdown with the hard - brexiteers in the conservative party .
we too are the proud, official sponsors of nottingham, sheffield and kinsley dog tracks and thoroughly enjoy promoting the sport to our customers .
if you can’t find what you need, then please fill out the contact form. someone will review your contact and follow - up shortly .
for sponsorship enquiries contact steve jones – head of sponsorship 01925 288500 steve. jones @ urltoken
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this time next week i' ll be flying off to france with the england youth under16s side to play two test matches against their french counterparts. i have thoroughly enjoyed working with these lads over the
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the racecourse group has announced that partnership rights for these events are now available from 2016 .
the group has chosen to support the initiative by not agreeing new commercial deals with betting firms that are not already considered authorised betting partners or who do not agree to include a clause in new contracts requiring that status in the future once the initiative is up and running in 2016 .
as supporters of the authorised betting partners initiative we recognised there may be some effect on current partnership arrangements, but it is essential for british racing‎ is to do everything necessary to secure sustainable funding for the future we want for the sport. that will be to the benefit of all working in british racing and also the betting industry for whom racing is a vital seven - days - a - week product .
meanwhile, betfair is the new headline partner of sandown park’s grade 1 tingle creek chase and the london national after using its status as a founding authorised betting partner of british racing to reach agreement to expand its sponsorship portfolio with jcr .
this is the first new commercial partnership for jcr with a betting operator since recently announcing it will enter into new agreements only with authorised betting partners – those who are making a fair contribution to british racing through appropriate funding agreements with the sport .
simon bazalgette, group chief executive of the jockey club, said: “betfair is a major supporter of british racing and the jockey club is delighted to expand our relationship together on account of their status as a founding authorised betting partner of our sport. this is further endorsement of that initiative so soon after its introduction .
“through its long - term commercial arrangements with british racing, betfair has recognised the importance of the sport receiving fair returns and the resulting benefits this, as well as opportunities such as race sponsorship, provides to their business. ”
the company will have their logo emblazoned on the front of the club’s shirt for the next two seasons and will also take up additional branding at the macron stadium .
“they are one of the leading betting brands in the uk but have never forgotten their roots which are firmly entrenched in the north west .
“i have been looking to get more involved in football and, following their return to the championship, i sense that bolton are on the verge of exciting times again .
“bolton have shown a real willingness to work with us and i have been impressed at the way that this deal has been completed. ”
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the betting company takes over from first utility, whose three - year contract ended after last saturday' s grand final at old trafford .
the announcement marks a complete u - turn by the governing body, coming five years after super league clubs voted narrowly to reject an offer from betfair thought to be worth £750, 000 a year .
now betting companies will have their names attached to both major competitions, with ladbrokes sponsoring the challenge cup as well as the 2016 four nations series .
finally we would also like to pass on our sincere thanks to first utility for their support of rugby league for the previous three years .
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the racing post reports that former gala coral chairman neil goulden is leading the new racing pools project which has gained support from numerous high - powered racing stakeholders .
backers of the venture, which will not be allowed to be branded as a ‘tote’ product, have detailed that a successful system could double pool betting contributions to uk racing .
speaking to the times, racing ceos martin cruddace (arc) and simon bazalgette (jockey club) personally backed the project stating that racing needed to revamp its pool system with better centralized operations and flexibility for racecourse owners .
furthermore, done has been publicly critical of racecourse owners funding strategy for the sport, stating that their plans made no economic sense .
in 2018 a brand new digital offering including an app and an improved website were fully updated to ensure the products stay at the leading edge of the industry .
horse racing will receive £90m from the sale and £90m will go to the taxpayer .
in return, it has committed to paying the racing industry £11m to march 2012, with payments of £9m a year for the next six years of the licence .
but there have been warnings that changes to the way that money is distributed could threaten the number of racetracks in the uk .
we' ve got 60 racetracks. what happens is the tote basically subsidises the smaller tracks because the money the tote makes on any particular day is shared between all the tracks ,
racing journalist neil clark told the bbc .
that' s under threat so i fear that in, say, 10 years' time we' ll have a sort of premier league system and some of the smaller tracks will close down, which would be a great shame .
we' re investing in the tote, we' re going to be engaging with racing to create a lasting legacy and we will be involved in running the tote for a long, long time ,
he said .
the new business will remain the country' s fourth - biggest chain of betting shops with a new total of 1, 350 outlets, behind leaders ladbroke and william hill who have more than 2, 000 each and third - placed gala coral .
the previous government had an offer of £400m on the table and rejected it. to finish up with half of that... seems rather odd
the sale is subject to consultation with the tote' s employees and is expected to be completed in about four to eight weeks' time .
the initial agreement signals the end of a 14 - year attempt by governments to privatise the betting group, which employs more than 3, 500 staff .
the culture secretary, jeremy hunt, said :
it was a closely fought contest .
the £265m sale price is about a third lower than the £400m first offered by a consortium of racecourse owners in 2007 .
that was turned down by the then - labour government because it was backed by private equity .
the consortium reformed and made another offer, believed to be about £320m, which was also rejected for not being enough .
an earlier sale attempt ended in 2006 after the european commission said that the price was too low and tantamount to state aid .
the tote specialises in pool betting, which differs from that offered by other bookmakers .
the tote takes a percentage of stake money placed. of this percentage, some is used to cover the tote' s expenses while the rest goes to the racing industry .
the tote is an opportunity i just could not miss. over the coming months i will develop the tote' s relationship with the sport into a highly successful commercial partnership .
but some are said to be less happy to provide these facilities to a private company .
our support for the sip bid has been well documented and naturally today' s announcement was not our preferred outcome ,
he said .
stephen atkin, the chief executive of the racecourse association, said taking over the tote would be a difficult task .
the gambling and racing minister, john penrose, said the government had
bent over backwards to deliver a good deal for racing
.
he added :
most people can' t understand why, in the modern world, the government should be even part owner of a bookie. so we pledged last year to end years of dithering and resolve the future of the tote, and today we have done just that .
the tote was set up 83 years ago by winston churchill to provide a safe haven for punters, as it was controlled by the state and beyond the reach of illegal bookmakers .
theresa may moves to shore up her position after a day of high profile resignations over her brexit strategy .
veteran bookmaker fred done secured horseracing' s ultimate prize today by agreeing a £265 million deal to buy the tote from the government .
the taxpayer and the racing industry will each get £90 million from the sale proceeds, with the government finally ridding itself of a business that it has wanted to privatise for more than a decade .
some owners are said to be unhappy at allowing a private owner of the tote automatic access to their facilities .
wigan - based tote has 517 shops, an online business and an on - course pool betting business which operates at all uk racetracks and was set up by an act of parliament in 1928. it employs more than 4, 000 people and last year injected around half its profits back into the industry .
he said :
i love racing and i believe we have the greatest in the world. over the coming months i will develop the tote' s relationship with the sport into a highly successful commercial partnership .
however, a spokesman said the deal was not about cost - cutting but awakening a
sleeping giant
.
the bookmaker also committed to the establishment of a tote racing development board, which will involve the course owners and others in the industry and develop the pool betting operation .
rival bidder sip, which was backed by leading players in the racing industry, expressed disappointment at losing a battle that became increasingly acrimonious in recent weeks .
sir martin broughton of sip said :
we are extremely disappointed that the government has rejected our proposal and will be carefully reviewing the details of the decision .
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but betting taxes, machine gaming duty, the horse - racing levy and an £80. 4 million exceptional write - down meant the privately - owned firm recorded a pre - tax loss of £82. 4 million .
increased customer numbers and a higher stake per bet lifted turnover, but results were hit by increased uk gaming taxes and lower margins due to a series of unfavourable results .
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‘the online business through urltoken and tote urltoken has felt the most significant impact of these challenges, with a significant decline in earnings, ’ said the company in the notes to the accounts .
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the racing stakeholders have reportedly set up a steering group to consider the possibility of a tote alternative. the group plans to invite other racing bodies and leading uk bookmakers to join their discussions and talks have already been initiated with potential technology providers and international race betting outfits .
the mail ’s sources claimed the push for a tote alternative wasn’t about revenge, insisting that the stakeholders believed “a racing - owned tote would return more money to racing as well as revitalize a product which is looking rather old and tired now. ”
the ayre media group is based in antigua in the west indies with teams in london, manila and vancouver covering the global gambling industry. along with ensuring fair coverage of the gambling industry we highlight the great work of the calvin ayre foundation.
betfred is a uk-based bookmaker , founded by fred and peter done . it was first established as a single shop in ordsall , salford , in 1967 . its turnover in 2004 was more than £ 3.5 billion , having risen from £ 550 million in 2003 . as of february 2016 , the company has 1,370 betting shops . it has its head office is in birchwood , warrington . the ceo for two years until september 2016 was john haddock , who started with the company as a regional manager in 1986 . on his departure , chairman fred done assumed the ceo role . fred done was the first ever bookmaker to pay out early ( i.e. before the result was guaranteed ) , when in march 1998 it paid out to gamblers who had bet that manchester united would win the premier league , only for arsenal to pip united by one point . betfred also paid out early on manchester united to win the 2011 – 12 premier league title , only for manchester city to beat them on goal difference . during the 2004 – 05 fa premier league season , done lost £ 1m to fellow bookmaker victor chandler after staking that amount that manchester united would finish higher than chelsea . 
betfred is a uk-based bookmaker, founded by fred and peter done. it was first established as a single shop in ordsall, salford, in 1967. its turnover in 2004 was more than £ 3.5 billion, having risen from £ 550 million in 2003. as of february 2016, the company has 1,370 betting shops. it has its head office is in birchwood, warrington. the ceo for two years until september 2016 was john haddock, who started with the company as a regional manager in 1986. on his departure, chairman fred done assumed the ceo role. fred done was the first ever bookmaker to pay out early (i.e. before the result was guaranteed), when in march 1998 it paid out to gamblers who had bet that manchester united would win the premier league, only for arsenal to pip united by one point. betfred also paid out early on manchester united to win the 2011 – 12 premier league title, only for manchester city to beat them on goal difference. during the 2004 – 05 fa premier league season, done lost £ 1m to fellow bookmaker victor chandler after staking that amount that manchester united would finish higher than chelsea.
betfred is a uk-based bookmaker, founded by fred and peter done. it was first established as a single shop in ordsall, salford, in 1967. its turnover in 2004 was more than £ 3.5 billion, having risen from £ 550 million in 2003. as of february 2016, the company has 1,370 betting shops. it has its head office is in birchwood, warrington. the ceo for two years until september 2016 was john haddock, who started with the company as a regional manager in 1986. on his departure, chairman fred done assumed the ceo role. fred done was the first ever bookmaker to pay out early (i.e. before the result was guaranteed), when in march 1998 it paid out to gamblers who had bet that manchester united would win the premier league, only for arsenal to pip united by one point. betfred also paid out early on manchester united to win the 2011 – 12 premier league title, only for manchester city to beat them on goal difference. during the 2004 – 05 fa premier league season, done lost £ 1m to fellow bookmaker victor chandler after staking that amount that manchester united would finish higher than chelsea.