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Done brothers done with online gambling
 January 19, 2009, 8:09 am (1 year ago)According to the UK publication Crane's Manchester Business, brothers Fred and Peter Done are done with online gambling. They have sold their online gambling operation, BetFred, to an unrevealed buyer, earning some GBP 27.2 million from the sale.
Crane's states that the Internet gaming section Betfred NV, registered in the Netherlands Antilles, had been not successful to reach a number of years following a late arrival to the market, and the company stated the removal made "commercial sense." The sale of Betfred NV's share capital gave profit to the Done brothers of GBP 27.2 million, according to recently-filed accounts for Lightcatch Ltd, the parent company of their gambling and sports interests.
It looks like that the online casino gaming operation is going stay on the Betfred.com website and the group hasn’t sold its Web-based sports operation which takes bets on live sporting events.
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