Michael Tabor is the new owner of bookmaker BetVictor.

By Simon Jackson.

Michael Tabor, the successful racehorse owner and partner in Investec Derby favourite Australia, is the new owner of bookmaker BetVictor.

The Londoner acquired ownership of the group for an undisclosed sum from founder and chairman Victor Chandler, who will step down from the helm but remain as a consultant.

Chandler founded the company 40 years ago, which for many years was based in Central London, before the business was moved to Gibraltar in 1999.

“Having owned and led this business for more than 40 years, I looked towards the future and I decided that the company would be best served under new ownership and leadership,” said Chandler, the Racing Post report.

“I have known Mr Tabor for many years and I am confident that the company will continue to thrive under his ownership.”

Tabor, the head of bookmakers Arthur Prince before their sale to Coral in the 1990s, said: “I believe the BetVictor brand has enormous potential and is well placed to continue its expansion with further investment and strategic development.”

Meanwhile, BetVictor’s new chief is part-owner of five runners in the Tattersalls Irish 2000 Guineas at the Curragh today, where he is represented by War Command (8-1); Great White Eagle (25); Johann Strauss (33); Michaelmas (50) and Fountain Of Youth (66).

Read ‘Horse Talk with Simon Jackson’ at London24 for the latest horse racing news.