A UK HIGH STREET COMEBACK FOR STANLEYBET

4 April 2008

Restraint on trade has been completed


The Liverpool Daily Post reported this week that Stanleybet International could be about to make a return to High Street betting shop trading, quoting a company official.

Formerly a division of Stanley Leisure, Stanleybet was sold to Giovanni Garrisi in a management buy-out in 2007. Garrisi agreed to a restraint on trade preventing him from operating in the UK for an agreed period, which has now expired.

Stanleybet operates some 1 500 sports betting shops across continental Europe.

The company's financial director, Adrian Morris told the newspaper that with the completion of the restraint of trade clause it was possible that Stanleybet may revitalise its UK business.

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