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South African horseracing and tote betting operator Phumelela Gaming and Leisure Limited has reportedly turned down a rescue deal that was to have seen giant British bookmaker Betfred purchase its entire business for approximately .South African horseracing and tote betting operator Phumelela Gaming and Leisure Limited has reportedly turned down a rescue deal that was to have seen giant British bookmaker Betfred purchase its entire business for approximately .ason, Lion Perks is open to all fans at home games within the team’s downloadable mobile app available on iOS and Android....

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The source detailed that the plan moreover guarantees that the South African firm’s current creditors will receive a minimum of million, which equates to a 72% assurance as opposed to the full promise earlier pledged by Betfred. This will be limited at 40% capacity.“We know everyone is eager to get out of their homes and add some fun into their calendars....

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8 million in exchange for its assets and large shareholding in local horseracing broadcaster Phumelela Gold International Limited.According to a short report from Gambling Insider, the Johannesburg-headquartered firm has instead opted to accept an earlier offer from one of its largest creditors, private equity investor Mary Oppenheimer Daughters, that will involve it receiving just over .Future alliances:Chief Marketing Officer for BetMGM, Matt Prevost, said…“When we first opened the BetMGM Sports Lounge at MGM Grand Detroit in March, we hoped to develop deep relationships with the state’s top teams....