The United Kingdom government announced on Wednesday that it will not sell the Horserace Totalisator Board, or Tote, because of “current market conditions.”
“After further work over the summer, I have now concluded that it is not appropriate to pursue a sale in these market conditions,” said Gerry Sutcliffe, the Parliament minister for sport. “I have therefore decided that the Tote should be retained in public ownership for the medium-term and brought to the market when conditions are likely to deliver value for the tax payer and racing.”