South African betting operator acquired by Betfred

Gambling News and Lucky Stories

The British betting company Betfred entered the South African gambling market. For this, a local betting operator, Phumelela’s Betting World, was bought. According to gambling industry analysts, the purchase of this betting shop in South Africa could cost Betfred 120 million South African rand (about 8.7 million US dollars). However, the final price will most likely still be adjusted taking into account many financial factors, analysts said. As My Lucky Story reported, the owner of Betfred, Fred Dawn, is considered a potential buyer of non-US assets of the bookmaker William Hill. Earlier it became known that Betfred refused to pay the player a legitimate online blackjack winnings, and he had to extort his money in court.

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