UK Tote Group operates the Tote, the pool betting operator for British horseracing since 1928. The business was owned by the government until July 2011, when it was sold to Betfred for 265 million pounds, and was bought by UK Tote Group, formerly named Alizeti, for 115 million pounds in October 2019. It is headquartered in Wigan with an additional office in central London, and its products include the Placepot and the Scoop6 alongside single and multi-leg pool bets on racing. Pool betting is structurally different from fixed odds: customers bet against each other into a pool rather than against a bookmaker's book, which makes liquidity rather than margin the central commercial problem, and has shaped the group's push to combine its pools with international ones.
Sign in to claim this listing and request a verified badge.
Sign in to claim
Alex Frost, who led the racehorse owners' purchase of the Tote from Betfred in 2019, will hand over to former GiG and DraftKings executive James Coxon at the end of 2026. In the same announcement the Tote is closing its online gaming and cutting back a consumer digital business that its latest accounts show made an EBITDA loss of £11.9 million.
Gambling duties and casino tax brought the Inland Revenue Authority of Singapore S$3.6 billion in the year to March, growing faster than corporate income tax or stamp duty. The report does not separate the casino take from the duties, which limits what can be read into it about Marina Bay Sands and Resorts World Sentosa.
France's state-controlled horseracing monopoly PMU has signed a technology agreement with BetMakers to extend its pool and fixed-odds betting services internationally, a deal that arrives as BetMakers completes its AU$267m acquisition by Tabcorp and builds out a growing roster of global operator partnerships.
A clutch of sell-side notes published in late July and early August 2026 reveals four distinct storylines shaping investor sentiment across the global gaming sector: Churchill Downs pursuing a regional asset sale, MGM anchored by a $48.30 takeover offer, Sportradar absorbing a €9 million FX headwind, and Macau lagging its own recent recovery pace after a soft World Cup and a disruptive typhoon.