division_name: Horserace Betting and Olympic Lottery Bill
motion: <p class="" pid=".442.3/1" pwmotiontext="yes">I beg to move, That the Bill be now read a Second time.</p>
  
  <p class="" pid=".442.3/2" pwmotiontext="yes">The Bill covers two distinct subject areas, both of which are of considerable interest to the House, and I shall deal with each in turn. First, it deals with the Government's remaining involvement in the financing and administration of horse racing. Part 1 of the Bill covers the sale and dissolution of the Horserace Totalisator Board, normally known as the Tote. It provides for the vesting of the Tote's assets in a successor company wholly owned by the Crown, and the subsequent sale of that company. The Bill will enable the Government to deliver our manifesto commitment to sell the Tote to a racing trust, and to do so in a way that is fair to racing and to the taxpayer.</p>
  
  <p pid=".492.3/1" pwmotiontext="yes"><i>Question put</i>, That the Bill be now read a second time:&#8212;</p>
  
  <p pid=".492.3/2" pwmotiontext="yes"><i>The House divided:</i> Ayes 348, Noes 5.</p>