Bid for Tote
By dave
Liverpool betting and gaming group Stanley Leisure will make a bid for the state-owned Tote betting network if the government decides to sell it. Stanley revealed yesterday that it had secured a £275m war chest for possible future acquisitions through its bankers and chief executive Bob Wiper told the Daily Post: 'If the Tote came into the market then it would definitely be on our radar screen.

'Whether it would be all for sale or just part we don't know, but we would like to buy it all.' The Tote owns 400 betting shops and holds the monopoly on pool betting.

However, Mr Wiper added there are no more major casino acquisitions planned following several purchases over the past 12 months. These included the Palm Beach in Mayfair, London, for £36.25m.

Mr Wiper added that the company eagerly anticipated new gambling legislation considered for next year which would allow for 24 hour gaming and unlimited jackpots.

 
 
 
 
 
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