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Betfred planning to walk away from British horseracing

In the United Kingdom, online and land-based sportsbetting operator Betfred has reportedly announced that it intends to end almost all of its commercial relationships with the nation’s horseracing industry after its exclusive agreement to run the sport’s pools betting service expires in July.

According to a report from the Racing Post newspaper, the revelation came from the bookmaker’s Chief Executive Officer, Fred Done, and is set to impact more than 600 races via the closure of at least 49 of the firm’s 51 on-course betting shops.

The newspaper reported that the mo…