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BetVictor acquired by Tabor

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BetVictor acquired by Tabor

Michael Tabor took over Gibraltar-based online bookmaker BetVictor for an undisclosed sum following a restructuring of the company.

Under the ‘friendly’ deal, Victor Chandler steps down as chairman and former bookmaker and major investor Michael Tabor, who has been 45% founding shareholder of the BetVictor bookmaker, will now have a full ownership of the company which he has descr/p>

Michael Tabor made the headlines in 1995 when selling the Arthur Prince chain of betting shops to Coral for a reported £27million.

Chandler, who has been a longtime friend to Tabor, said: "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.

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