Restraint Completed On Trade Restriction

It was reported this week in the Liverpool Daily Post that Stanleybet International may be about to make a grand return to High Street betting shop trading. The paper says that the news came from a company official.

Stanleybet, formerly a division of Stanley Leisure, was sold to Giovanni Garrisi in a management buy-out in 2007. Garrisi agreed to a restraint on trade preventing him from operating in the UK for an agreed period, which has now expired.

Adrian Morris, the company's financial director, told the newspaper that with the completion of the restraint of trade clause it was possible that Stanleybet is considering revitalizing its UK business. Stanleybet operates some 1,500 sports betting shops across continental Europe.

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