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Betfred claims victory in race for UK Tote

17th May 2011 8:55 am GMT

With the UK government set to announce its decision on its planned disposal of the Tote, independent bookmaker Betfred has confirmed that it is ready to enter into a binding agreement to acquire the Tote at a cash offer of close to £200m.

Betfred said that it has been partially released from the non-disclosure undertakings it gave to Government in order to announce the principal terms of its offer.

Betfred said that its proposal ensures the Government [...]

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