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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 . Betfred, which is led by billionaire British businessman Fred Done (pictured), had purportedly furthermore earlier offered to supply the besieged operator with a loan worth as much as million that was to be utilized to satisfy its considerable shortfall. The Derby will allow under 23,000 guests to attend, with no general admission provided....
The infield will be closed and any general admission tickets that had been purchased will be refunded.Further DetailsThe Kentucky Derby will have reserved seating for those who wish to attend.Coronavirus cancellations:Phumelela Gaming and Leisure Limited is responsible for four horseracing facilities in South Africa including the prestigious Turffontein Racecourse but is reportedly struggling to cope with a debt of over million as well as the recent coronavirus-related suspension of its domestic racing calendar....
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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 .Future alliances:Chief Marketing Officer for BetMGM, Matt Prevost, said…“When we first opened the BetMGM Sports Lounge at MGM Grand Detroit in March, we hoped to develop deep relationships with the state’s top teams.What to Ex...
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