International edition
September 23, 2020

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.

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n 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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