According to a report in the Liverpool Daily Post this week, a company official stated that Stanleybet International is possibly returning to High Street betting shop trade.
Stanleybet was originally a division of Stanley Leisure, and was bought by Giovanni Garrisi in 2007 in a management buy-out. Agreeing on a trade restraint agreed period stopping him from operating in Britain, the expiration date has now passed.
Approximately one thousand five hundred sports betting shops throughout Europe are run by Stanleybet.
Adrian Morris, the financial director of the company, stated in the newspaper that the trade restraint clause’s completion could mean that the British business would now be resurrected.
Posted on: April 26, 2008