Five of ten Roar Betting outlets have been acquired by Paddy Power, from administrators Neil Bennett and Michael Healey of Leonard Curtis.
Another two have been sold to Ladbrokes, and one of Roar's former directors is taking on two of the shops, leaving a tenth shop to be shut down.
The deals will save 31 jobs out of 41.
Roar had £59 million of turnover for year end 31 December 2009, but losses in some of the shops saw the businesses enter administration.
"This has been an excellent outcome in terms of numbers of jobs saved," said Bennett.
Source: InfoPowa News