Gambling Minister expressed thanks for the work of the Board and staff
UK: DCMS confirms sale of Tote is completed
(UK).- Gambling Minister John Penrose announced that the Government has completed the sale of the Tote to Lightcatch, the parent company of Betfred.
2011-07-18
Reading time 17 seg
In a Written Ministerial Statement, Penrose expressed thanks for the work of the Board and staff of the Tote, past and present, and wished the new combined business a successful future.
The government will now enter into detailed discussions with representatives of the racing industry on the design of a scheme for disbursing its share of the net proceeds of sale in a manner which complies with EU State Aid rules.
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