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Betfred, which is led by billionaire British businessman Fred Done (pictured), had purportedly furthermore earlier offered to supply the besieged operator with a loan worth as much as million that was to be utilized to satisfy its considerable shortfall.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 .3 million with the London-based investments firm having already supplied Phumelela Gaming and Leisure Limited with a loan valued at around million....

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Betfred, which is led by billionaire British businessman Fred Done (pictured), had purportedly furthermore earlier offered to supply the besieged operator with a loan worth as much as million that was to be utilized to satisfy its considerable shortfall.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 ....

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Coronavirus cancellations:Phumelela Gaming and Leisure Limited is responsible for four horseracing facilities in South Africa including the prestigious Turffontein Racecourse but is reportedly struggling to cope with a debt of over million as well as the recent coronavirus-related suspension of its dom21 spin cas ino xvuiestic racing calendar.r of the Lions and to offer their fans access to a variety of best-in-class promotions and perks only available on BetMGM.“We know everyone is eager to get out of their homes and add some fun into their calendars....

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