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2007-10-08
Ladbrokes and William Hill warned the UK Government that they will challenge in Ruropean courts any sale on the cheap of the state-owned bookmaker.
"If the Tote is sold to [the racing consortium] for what we consider to be a subsidised price, we would challenge the deal as illegal state aid. It must be sold at full market value, which we consider to be £400m, or else others should have the chance to bid for the assets, a William Hill's spokesperson told the Daily Telegraph.
"Taking a legal challenge to Brussels is something we would consider if a sale at a knockdown price was confirmed," said a Ladbrokes spokesman.
In other news, William Hill and Ladbrokes signed up with GB Group to use its age and identity verification solutions to reduce the risk of underage gamblers or players from illegal territories accessing their products and services. |
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