UKGC ends investigation into BetBright’s cancelled bets
BetBright ceased trading after selling its technology assets to a rival firm, 888.com, for £15m last Monday, in what the leading racehorse owner Rich Ricci, BetBright’s former executive chairman, has described as an “unusual” deal.
The firm then announced that all outstanding ante-post bets were void.
The Gambling Commission launched an investigation into the voiding of bets last week but said on Wednesday that it had been told by BetBright that it had faced “a very real possibility of insolvent liquidation”. As a result, the commission said it was “content” with the way the situation had been handled.