All Bets Are Off As Tote Auction May Not Be the Windfall Labour Hoped ; Leisure

Summary

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The Government yesterday confirmed that it was preparing to put its Tote horseracing bookmaker business up for sale on the open market this autumn.

The Department for Culture Media and Sport (DCMS) said it had already taken steps towards an auction, even though the price tag is likely to be far less than the pounds 400 million it could once have fetched.

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Extract

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All Bets Are Off As Tote Auction May Not Be the Windfall Labour Hoped ; Leisure

Sports Minister Gerry Sutcliffe stressed in a written statement to Parliament that no final decision had been made on whether a sale should go ahead, adding the Government needed to be certain it was right to offload Tote "in...

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