One example seen by the Guardian involves a potential payout of around £26,000 for a total stake of £400 on a bet involving four football teams. The decision to close BetBright followed the sale of its technology to the rival firm 888.com in a £15m deal which was concluded on Monday. Ricci, a former banker and also a leading owner who will have several fancied runners at Cheltenham next week, said on Wednesday evening the sale of BetBright to 888.com had been “unusual” and raised several difficult issues. “It was a very unusual transaction and I can’t remember one like it,” he added. I’m empathetic with some of the anger but there are other sides to this story and it was an unusual transaction.

Source: The Guardian March 06, 2019 20:25 UTC