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The UK government has rejected the last offer from those companies involved in the UK racing industry and now announced that Tote is up for public sale. Tote is a state owned land and online casinos betting company that has one of the longest operating histories in the UK and operates an extensive betting system within country’s horse racing industry. Tote has been in negotiation for sale for nearly four years at this point and all of those deals have fallen through essentially because of the willingness of companies to make an adequate offer for Tote based on the company’s estimated net worth.

The UK government gave the racing industry several opportunities to place adequate bids for tote, but all of those were still rejected. With the several bids from the land and online casinos racing industry rejected, the Tote is open to publicly other companies. This is very disappointing for the Consortium, which assert that the UK government made a promise to sell Tote to the racing industry. But the fact is, the European Commission is largely responsible for negating the Consortium’s latest bid for Tote – the bids are low enough to be considered state aid, which is not fair to others in the land and online casinos gambling industry.

So now that Tote has been opened up to all of the land and online casinos gambling and betting companies, speculation abounds about which companies are likely to place bids for Tote. Industry giants will likely be excluded from making bids because of concerns over monopolies, but there are certainly growing betting and gambling companies that could benefit from Tote’s extensive existing betting shops and online gambling site. A few that are likely to at least consider buying Tote are both Paddy Power and Gala Coral – these two companies are both growing within the industry but are still small enough that they could greatly benefit by purchasing Tote.