Online casino and sports-book operator BetVictor has been acquired by racecourse owner Michael Tabor.
The price of the deal was not disclosed. The transaction has received regulatory approval from the Gibraltar Gambling Licensing Authority, according to published reports.
Tabor previously operated bookmaker Arthur Prince before selling the chain. He was a founding shareholder in BetVictor.
Michael Carlton will step down as chief executive officer of the company, but will act as a consultant during the transition period.
“I believe the BetVictor brand has enormous potential and is well placed to continue its expansion with further investment and strategic development,” Tabor said in a press release.