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18 October 2019

Wigan MP Lisa Nandy grateful for Tote’s support of Wigan community

The UK Tote Group, formerly known as Alizeti, has announced the completion of its acquisition of the Tote, the UK’s pool betting operator for horseracing since 1928.

The Tote is based at Wigan and local MP Lisa Nandy has spoken of the great pride she has that her community has been chosen to help drive this important business for racing.

The UK Tote Group is now the sole owner of the Tote and is focused on modernising and revitalising the 90-year old British institution.

There will be a launch of a new Tote website and the return of the popular Tote Ten to Follow in a new modern format.

The UK Tote Group is backed by over 160 individual investors, the majority of whom are racehorse owners and breeders. Investors are united by a shared desire to see a revitalised Tote back at the heart of British horseracing, helping to financially secure the future of the sport for generations to come.

In addition to paying the Horserace Betting Levy, the UK Tote Group has an agreement with Britbet, a partnership of 55 British racecourses, which will see the Tote contribute a minimum of £50 million to the sport over the next 7 years.

Alex Frost, UK Tote Group Chief Executive, said: “Pool betting plays a leading role in racing jurisdictions around the world and we believe the Tote can play a similar role in the UK, while supporting and growing British racing in the years ahead.

“I would also like to recognise and thank all those across the industry who have been instrumental in our journey to acquire the Tote. We have received tremendous encouragement and support from owners, trainers, breeders, racecourses and those in the administration of the sport, for which we are enormously grateful.”

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