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Pagebet is looking to expand its Durham-based chain of 56 betting shops with up to 25 new locations, but its internet betting operation is to go into administration through Tenon Recovery.
Pagebet has acquired the Williams chain of nine betting shops in the West Midlands, taking its total to 43 branches.
Pagebet is planning to expand its Durham-based chain of 26 betting shops to 100 by 2011, having secured a £5.7m equity investment from Advantage Capital.
Pagebet is looking to expand its Durham-based chain of 51 betting shops by opening about ten new sites a year.