Scotbet for sale as bookies suffer | The Independent

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“The sale of the business secures 127 jobs and it ensures continuity of the majority of the Scotbet shops. “RegretTably this process has led to the closure of 11 stores, resulting in 27 Business Scotbet shops saved as bookmaker is bought out of administration A pre-pack sale deal has saved 30 betting shops run by Scotland’s largest independent bookmaker Scotbet. High street bookmaker Scotbet Limited has been sold by the receivers to Scotb123 Limited as part of a pre-pack deal, safeguarding 127 jobs. The business operated a portfolio of 41 licensed betting shops throughout Scotland. The deal means 30 licensed betting shops will continue trading, while 11 will close. Paul Dounis and Gareth Harris of RSM Restructuring Advisory LLP were appointed jo Scotbet in Culloden. BOOKMAKER Scotbet's Highland branches in Culloden and Aviemore are to close after the company went into receivership. Although a buyout deal by former members of the Scotbet management team looks set to save the majority of Scotbet's 41 branches, its Keppoch Road shop in Culloden and its Aviemore Shopping Centre outlet are among the 11 facing closure. The end of high street betting? With that in mind, one might start to question the viability of high street betting shops – particularly given that Scottish independent bookmakers Scotbet went into receivership on 18 July: whilst a pre-pack sale saved 30 stores and 127 jobs, 11 stores closed with the loss of 27 jobs.

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