BETFRED BIDS FOR SOUTH AFRICA’S PHUMELELA $54.8M

BETFRED BIDS FOR SOUTH AFRICA’S PHUMELELA $54.8M

UK bookmaker Betfred has confirmed rumors that it is interested in acquiring troubled South African race and sports betting operator Phumelela. The deal is worth up to ZAR925m ($54.8m) that would see Betfred acquires all of the South African horseracing operator’s...