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Police in Nottingham are searching for three armed men who robbed a betting shop in the city.
Officers were called to the Tote Sport bookmakers on Robin Hood Chase in the St Ann’s area of the city at about 2100 BST on Thursday.
Three men, all armed with handguns, stole a quantity of cash from the shop and escaped.
Police have asked any witnesses to come forward. It is not yet known whether anyone was injured in the robbery.
Posted by casino man in Gambling News at 10:41 AM BST
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The government has begun to prepare for a possible sale of state-owned bookmaker, the Tote, in the autumn.
But Sports Minister Gerry Sutcliffe said that the final decision to launch the sale had not yet been taken.
Attempts to sell the business to the racing industry and a consortium backed by private equity have both fallen through in the past few years.
The Tote was established in 1928. It now employs 4,000 people and is the fourth-largest bookmaker in the UK.
Posted by casino man in Gambling News at 4:41 PM BST
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The state-owned bookmaker, the Tote, is to be sold on the open market, the government has said.
It turned down a bid from a racing consortium because the offer was lower than the £400m price tag.
As the bid was below the independent assessment of the Tote’s value, the sale could not go ahead lawfully under European Union rules.
When the Tote is successfully sold off, half the proceeds of the sale will go to the racing industry.
Posted by casino man in Gambling News at 3:41 PM GMT
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Two men have got away with cash after an armed robbery at a bookmaker’s shop in Surrey.
The robbers entered the Tote shop in St Jude’s Road, Englefield Green and threatened staff with what appeared to be a handgun.
Police have cordoned off the area to allow forensic examination of the scene to take place.
Officers are appealing for anyone who witnessed the robbery or saw the men in the area to contact Surrey Police.
Posted by casino man in Gambling News at 8:41 AM BST
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More from The Times Online:
THE Government is in exclusive talks to sell the Tote to a racing industry consortium, after the group made a formal offer for the state-owned bookmaker.
A spokeswoman for the Department for Culture, Media and Sport said that it was in “closed discussions” with the bidder and that it was “looking to make a sale to the racing consortium at full market value”.
Talks began in the spring between the Government and the group, which includes: Arena Leisure, the owner of several racecourses; the Racecourse Holdings Trust, which is part of the Jockey Club and owns the Aintree and Cheltenham courses; and the Racehorse Owners Association. Northern Leisure, which had been involved in the negotiations, withdrew last month.
The Government is believed to have set a deadline of the end of last month for a formal bid to be launched.
Posted by casino man in Gambling News at 11:41 PM BST
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A consortium from the horse racing industry has made a bid for UK state bookmaker, the Tote, it is reported.
The consortium is said to include Arena Leisure, which owns racecourses, the Racehorse Owners Association, and the Racecourse Holdings Trust.
The government has long planned to sell the Tote, and Labour reconfirmed this before the last general election, but a £400m hoped-for price may not be met.
The Tote relocated from Putney to Wigan last year and has 540 betting shops.
Posted by casino man in Gambling News at 5:11 PM BST
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Nuclear power group British Energy and the Tote bookmakers will be sold off as the government looks to raise billions of pounds from state-owned assets.
Its 65% stake in British Energy could be worth up to £10bn, especially if the firm gets the green light to operate new power stations in the UK.
The Tote is scheduled for sale by the end of the next financial year, and could raise an estimated £500m.
The privatisations will help fund Gordon Brown’s budget spending plans.
Posted by casino man in Gambling News at 1:11 PM GMT
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