Betfred loses out on Phumelela Gaming and Leisure Limited purchase

South African horseracing and tote betting operator Phumelela Gaming and Leisure Limited has reportedly turned down a rescue deal that was to have seen giant British bookmaker Betfred purchase its entire business for approximately $55.6 million. According to a short report from Gambling Insider, the Johannesburg-headquartered firm has instead opted to accept an earlier offer […]

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