SBC News Voice of the Sports Betting Industry
Bookmaking and racehorse billionaire Michael Tabor has acquired ownership of BetVictor for an undisclosed sum.
The acquisition of the bookmaker will see Victor Chandler step down as Chairman of the sports betting operator. It has also been confirmed that chief executive Michael Carlton will relinquish his role.
As part of the acquisition process, Victor Chandler will remain as a consultant during the transition period. Chandler commented on the deal
“Having owned and led this business for more than 40 years, I looked towards the future and decided that the company would best be served under new ownership and leadership. I have known Mr Tabor for many years and I am confident that the company will continue to thrive under his ownership.”
Michael Tabor has been a prominent figure in UK bookmaking and horse racing, where he amassed his fortune in thoroughbred racehorses and the ownership of Arthur Prince retail bookmakers, which he later sold to Coral.
Prior to the acquisition Tabor was also a major shareholder in Victor Chandler International, owning a 45 per cent stake in the Gibraltar-based online betting firm.
Tabor commented on the acquisition of BetVictor: “I believe the BetVictor brand has enormous potential and is well placed to continue its expansion with further investment and strategic development,”
