Home PageTell a Friend
Gambling NewsletterSite MapHelp Using CasinoMan.Net
08 September 2008Chinese Online CasinoJapanese Online Casinocasinò in linea italianiCasinos en línea españolesCasinos en ligne françaisDeutsche on-line-KasinosNederlands Online CasinoDanish Online CasinoSwedish Online CasinoNorwegian Online CasinoRussian Online CasinosTurkish Online CasinoCzech Online CasinoGreek Online Casinos
Wild Jack Casino

Gala keen to bid for Tote, not for Internet rivals



Printer Friendly VersionPost a CommentTell a Friend about this Article18 October 2006
As reported by: Reuters via Yahoo
Europe's biggest gambling firm Gala would bid for UK state-owned bookmaker the Tote as soon as it became available, but is not targeting any of Britain's listed Internet gambling firms, its chief executive said on Wednesday.

The UK government is now considering its options after last month rejecting an offer of around 320 million pounds ($596 million) for the Tote from a consortium of UK horse racing industry players.

"They should be auctioning, and if they auction it we will be a bidder," Neil Goulden told Reuters. "We're keen to buy it and we're sitting here waiting for the government to decide what they're going to do."

Gala is Europe's biggest gambling firm with an enterprise value of more than 4 billion pounds and operates 174 bingo clubs, 31 casinos and nearly 1,400 licensed betting offices.

The Labour government has pledged to sell the Tote to the racing industry, including its 540 UK betting shops, but an attempt last year to sell it was blocked by the European Commission, which said the price was so low it constituted state aid.


Article By: Reuters via Yahoo

Related Articles:

European Comission to Enquire into UK Government's Plan to Privatise the Horserace Totalisator Board - 03 June 2005
Tote cashes in on gambling boom - 15 July 2003
Gambling free-for-all is shelved - 29 May 2003

Recommended Casinos:

Rushmore Casino - 100% match up to $400 free on 1st Deposit - click here
All Slots Casino - Sign Up bonus up to $150 free - click here
Lucky Nugget - buy $50 and get $50 free - click here
Vip Slots - Get 100% bonus up to $259 free - click here

Readers Comments:

Post a Comment
No comments have been made about this article.

Centre for Addiction and Mental HealthNevada Council on Problem GamblingProblem Gambling CaGamblers AnonymousGamCare
v13 © 2001-2008 Lady Luck Media Ltd
All Rights Reserved | Privacy Policy | Anti-Spam Policy | Disclaimer

CasinoMan.Net wishes to express that the content within this website is not intended for any illegal purposes. Before you enter into a wagering scenario, you must ensure that you meet all the legal regulatory and age requirements at any given online establishment. Internet gambling is in many jurisdictions, illegal, and users should consult and research the legality of online gambling in their own jurisdiction for their own protection. CasinoMan.Net is intended for entertainment and news purposes, it is a independent portal and information site with no affiliations to any casino. Links to 3rd party sites from CasinoMan.Net are provided for informational purposes only. Copyright 2001-2008. All rights reserved.