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Phumulela

Betfred could buy South African racing operator Phumulela
Gambling news 31-08-2020

Betfred tables huge offer for South African racing operator Phumulela

English gambling company Betfred has tabled a ZAR925m offer for the struggling Phumulela, the biggest horse racing operator in South Africa. But their chief rival in the buyout Mary Oppenheimer and Daughters has hit out at Betfred, claiming they had copied elements of their proposal including a line of credit to immediately satisfy bad debt. […]

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