Casino News: Betfred is Planning to Close 25 Betting Outlets

Betfred is Planning to Close 25 Betting Outlets

 December 26, 2011, 4:09 am (5 years ago)
One of the well-known bookmarker of Britain as Betfred is planning to close their 25 betting outlets to resolve the concerns of competition in betting industry of UK. When Betfred casino had beaten competition in the race, for acquisition of Tote, it was one among the carefully signed deal, ensuring fair play on various levels. Betfair group had promised that they would pay honor to all of the commitments of Tote and would keep employment losses to agreed minimum level.

Tote's selected Betfred not only on the basis of market evaluation but also because of the well-being of the racing industry. As per the deal, Betfred has acquired license for operating exclusive pool betting services of state owned by Tote for seven years, by incorporating 517 branches of Tote to existing 840 outlets of Betfred bookmarking group. This year, in the month of June, Office of Fair Trade (OFT) had investigated the deal to make sure that it had not violated any of the regulations of fair trade.

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