Investors Bidding For UK Tote Transformation

A takeover of the UK Tote set to be completed this month will allow the pool betting operator to be reinvented and use new technology to re-establish itself as a betting force, investors believe.

Billionaire financial services entrepreneur Michael Spencer this week became the latest high-profile investor in parent company Alizeti Capital, which already owns 25 percent of the Tote and is expected to buy the rest of the racing gambling firm within weeks.

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