The eccentric BetVictor owner, Victor Chandler, is to step down from his position as Chairman in BetVictor after is has been announced that the company has been acquired by racecourse owner Michael Tabor. While the value of the deal has not been disclosed to the public in any way, the deal has been approved by the Gibraltar Gambling Licensing Authority.
Michael Tabor has previously owned and operated the Arthur Prince bookmaker chain, which was sold to Gala Coral. He was also one of the founding shareholders in BetVictor and will now be the official owner, while Chandler himself will continue as a consultant for the company to ensure that it will continue to go in the right direction. Furthermore Michael Carlton will step down as CEO and will also go into a consultant role.
“I believe the BetVictor brand has enormous potential and is well placed to continue its expansion with further investment and strategic development,” Tabor said regarding his investment.
“Having owned and led this business for more than 40 years, I looked towards the future and I decided that the company would be best 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.” Chandler said.