{"id":5003,"date":"2025-10-19T20:58:57","date_gmt":"2025-10-19T20:58:57","guid":{"rendered":"https:\/\/testedwebsite.us\/realestatee\/agent\/bartqlu2766517\/"},"modified":"2025-10-19T20:59:07","modified_gmt":"2025-10-19T20:59:07","slug":"bartqlu2766517","status":"publish","type":"agent","link":"https:\/\/testedwebsite.us\/realestatee\/agent\/bartqlu2766517\/","title":{"rendered":"bartqlu2766517"},"content":{"rendered":"

Betfred is the Winning Bidder for the Tote<\/strong><\/p>\n

Betfred<\/a> is the winning bidder for the Tote<\/p>\n

3 June 2011<\/p>\n

UK-based bookmaker Betfred has been selected to buy the Tote after an auction procedure that began in November.<\/p>\n

BBC service editor Robert Peston said Culture Secretary Jeremy Hunt had selected Betfred although the deal had actually not been completed, with some technicalities still being figured out.<\/p>\n

\"Register<\/a><\/p>\n

The rate is not yet understood<\/a> however Betfred<\/a> is believed to have bid about \u20a4 200m.<\/p>\n

\"Register<\/a><\/p>\n

Half of the charge will go to the racing industry and racing charities, and many of the rest will go to the federal government.<\/p>\n

\"Register<\/a><\/p>\n

The racing market might be disappointed, since it was comprehended to have actually chosen the competing bid from SIP, a consortium led by British Airways chairman Martin Broughton.<\/p>\n

Successive federal governments have been trying to privatise<\/a> the Tote for about 14 years, however have never come this promotion code<\/a> close to doing so.<\/p>\n

The federal government<\/a> is hoping that the bet9ja’s welcome offer<\/a> will not fall foul of EU state aid rules or be reversed<\/a> by a judicial evaluation.<\/p>\n

\"Register<\/a><\/p>\n

Jockey opposition<\/p>\n

\"Register<\/a><\/p>\n

The Tote was established 83 years ago to provide a safe haven for punters, controlled by the state, and beyond the reach of illegal bookies.<\/p>\n

\"Register<\/a><\/p>\n

It delights in a monopoly<\/a> of horse race pool-betting in exchange<\/a> for a guarantee<\/a> that cash was pumped back into the sport.<\/p>\n

\"Register<\/a><\/p>\n

The Tote is based in Wigan, with more than 4,000 staff, and currently injects half its revenues<\/a> into racing.<\/p>\n

In 2015, Chancellor George Osborne promised<\/a> to protect value for taxpayers<\/a> while recognising<\/a> the the yohaig code<\/a> Tote provided to the market.<\/p>\n

\"Register<\/a><\/p>\n

The Tote gave almost \u20a4 19m to horse racing in 2010.<\/p>\n

\"Register<\/a><\/p>\n

Efforts over the previous 3 years to sell the Tote hit problems, and the government<\/a> faces getting a lower price than the yohaig code<\/a> \u20a4 400m mooted in 2007.<\/p>\n

The Jockey Club opposes the sale and desires the Tote to stay independent.<\/p>\n

The Tote has 517 High Street betting shops and the monopoly to run swimming pool wagering online and at 60 racecourses<\/a> in the UK.<\/p>\n","protected":false},"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","agent_location":[65],"agent_category":[],"class_list":["post-5003","agent","type-agent","status-publish","hentry","agent_location-new-york"],"cmb2":{"_agent_contact_details":{"_agent_attached_user":"","_agent_featured":"","_agent_job":"","_agent_email":"bart_singer@emailexpo.space","_agent_website":"","_agent_phone":"4143608227","_agent_fax":""},"_agent_socials":{"_agent_socials":[{"network":"fab fa-pinterest"}]},"_agent_location":{"_agent_address":"Enbackagarden 10","_agent_map_location":{"address":"","latitude":"","longitude":""}}},"_links":{"self":[{"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/agent\/5003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/agent"}],"about":[{"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/types\/agent"}],"replies":[{"embeddable":true,"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/comments?post=5003"}],"wp:attachment":[{"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/media?parent=5003"}],"wp:term":[{"taxonomy":"agent_location","embeddable":true,"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/agent_location?post=5003"},{"taxonomy":"agent_category","embeddable":true,"href":"https:\/\/testedwebsite.us\/realestatee\/wp-json\/wp\/v2\/agent_category?post=5003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}