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British government postpones sale of Tote22 October 2008LONDON, England -- As reported by the BBC: "Plans by the government to sell off state-owned bookmaker the Tote have been shelved as market condition are currently 'not appropriate'. "Sports Minister Gerry Sutcliffe said the Tote would be retained in public ownership until conditions improved. "In July, the government had said it was preparing an auction for the Tote. "The latest setback comes after previous attempts to sell the business to the racing industry and a consortium backed by private equity fell through..." |