South African racecourse owner and betting operator Phumelela Gaming & Leisure said it will continue to invest in the expansion of its interactive business, which accounted for nearly a third of all tote bets in its recent financial year.
Within its South African operations, tote betting volumes rose 3 per cent to R3.4bn (€220.3m) for the company's financial year ended July 31st, with bets on horseracing remaining flat at R2.3bn and other sports contributing R1.1bn, up 13 [...]
