X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-The Horserace Totalisator Board, better known as the Tote, is to take on the high street bookies head-to-head with ambitious plans to open another 130 betting shops, taking its nationwide chain to 500 branches, by 2004. Property consultant Lee Baron has been retained to search for and acquire the new outlets.

The Tote was established in 1928 by the then Home Secretary, Winston Churchill, to ensure that money from betting was put back into racing. Carl Whayman, Lee Baron’s chief executive, said: “The recent introduction of tax-free betting is set to transform the bookmaking industry and it has provided a spur to major expansion at the Tote.”

Key areas being targeted for expansion include Newcastle, Norwich, Portsmouth, Edinburgh and Leicester with an immediate requirement for 35 new branches

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.