BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

  • Methinks
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 9 months ago
#819891
In the past all Betting World's tote turnover went to the tote and Betting World got a percentage of turnover,I would assume that the status quo remains the same and that this would have been negotiated as a requirement to the sale of the business albeit at a greater percentage as there is a deal on the table for all bookmakers at a greater percentage but the operators are battling to close this deal.
What's more worrying is that no income has been collected from bookmakers on behalf of Tellytrack which has not been recovered for way over 18 months and stands at way over 100 Bar because nobody at Tellytrack knows how to collect this money ,they could take this money and put it into the stakes pot.

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  • khargisland
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 9 months ago
#819894
Extremely valid point presented.
Will Tellytrack encourage Betfair to advertise on their platform?

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  • khargisland
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 9 months ago
#819895
BETFRED, apologies

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  • Bob Brogan
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 9 months ago
#819898
Remember not ALL bookmakers “ don’t “ pay for Tellytrack

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  • Methinks
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 9 months ago
#819958
Bob I agree certain bookmakers have been asking for invoices but there are no invoices forthcoming,they can't pay if there is no invoice.

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  • BATMAN
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 2 months ago
#833242
As we know betfred bought over bettingworld, I used to go to bettingworld sea point for many years and a friend goes daily,this was one of the best turnover betting shops of bettingworld, the branch is a landmark in sea point for the last 30 years in the same upstairs shop.
Betfred took it over a few months ago with management showing up and listening to the loyal customers and then that was it,left up to the staff. The staff spent the whole day on their phones and when questioned ,the staff reports customer to head office for being rude,one by one customers got banned, even a well known horse owner got banned for opening his mouth, the service was non existent,most people walked away and the regulars who got banned all sat with a table of friends who end up keeping away.The staff had no idea what the difference between a fixed odds bet and the tote. If you wanted a bet on a race that was loading they will carry on doing number bets.
End result is around two weeks ago I walked in there and people were taking TVs off the wall... reason was they closed it down. They ran it into the ground in a matter of months,a flagship branch that was there for 30 years.
Is this how they run their shops in U.K.?

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  • naresh
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 2 months ago - 2 years 2 months ago
#833254
Bettingworld was owned initially by Gold Circle and then sold to Phumelela. Phumelela swindled Gold Circle on every front. Never even got a cent from their PGI partnership for the last couple of years.

As for Kenilworth Racing. Our model of take out from Tote Pools to support stakes in Cape Racing will never work. Like to know their agreement. Are 4Racing and Gold Circle paying for the pictures or are they getting a cut from the Gold Circle and 4Racing clientèle that are betting on their races. In USA this is called simulcast racing. For sure Kenilworth racing is getting the maximum of 25% takeout for bets wagered by their clients in Western Cape at their Totes. Does Kenilworth Racing have a telebet facility. They definitely do not have a website because I never come across it.
Last edit: 2 years 2 months ago by naresh.

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  • Dave Scott
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 2 months ago - 2 years 2 months ago
#833262
Dear Dave

It’s factual that the shop was closed but to say that BF ran it into the ground is not factual, the area is poor the staff were not up to standard and the store has been running at a loss for years ( 3-4 years ) so it was not worth spending any money on the branch and that is the reason why the it was closed.

BF
Last edit: 2 years 2 months ago by Dave Scott.

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  • BATMAN
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 2 months ago
#833264
Dear Dave

It’s factual that the shop was closed but to say that BF ran it into the ground is not factual, the area is poor the staff were not up to standard and the store has been running at a loss for years ( 3-4 years ) so it was not worth spending any money on the branch and that is the reason why the it was closed.

BF



Thank you Dave for getting a response,I was wondering last night why my post was deleted.
However properly managed this branch could have been revived. What he did admit to is that the staff were not up to standard and that was exactly what I was saying which is the most important part of any business...logical.
And to say it’s a poor area,seriously,you can’t even buy a 1 bedroom flat in the next door block for under 2 million. A small townhouse in the surrounding area to the tote goes for 5/6 million,hardly a poor area. Bettingworld s last management also wasn’t up to scratch and made the mistake of making vip sections in their shops,forgetting about the average betting punter,this was the reason why bettingworld collapsed and the reason why betfred was able to takeover.I would have thought that they would have taken the bull by the horns and make changes,make the shops customer friendly.

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  • Bob Brogan
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 2 months ago
#833265
When they said "poor area" they probably meant footfall

Betting Shops all over South Africa have suffered this since covid, in fact wouldn't be surprised if there's more branches to close (Not BF Specific)

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  • Elbie
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 2 months ago
#833274
on their website they STILL have email address as support@bettingworld.bet -

this has changed to something with "fred" or "betfred" in it (months ago)-
try above email and you will never get a response, which they must prefer

they are really on the ball!!!:angry:

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  • FUTURA
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Re: BETFRED GROUP FINALISES PURCHASE OF BETTING WORLD (PTY) LTD

2 years 2 months ago
#833300
Please please don’t blame Betfred

DF ran that place into the ground, then headed for the hills with his tail wagging

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