TVG said April 24 it will make good on winning wagers that were canceled due to a now-resolved dispute the horse racing network had with Hollywood Park.
An unknown number of bettors who made plays prior to TVG shutting off Hollywood’s opening-day signal April 22 were refunded their wager amounts later that same day, but many with winning payoffs -- some in the thousands of dollars -- were angered those additional funds weren’t immediately included.
“Those that we find had winning wagers canceled will be paid out as if they had won,” said a New York-based spokesman representing TVG.
There is no timetable for the payoffs to be delivered, but the spokesman said TVG is currently going through the process of sorting out who should be paid. “We are working on it now; they are reaching out to all those customers,” the spokesman said.
An April 24 press release from TVG, which was acquired by Betfair in January, said the network had resumed accepting wagers on Hollywood Park races with the approval of the Thoroughbred Owners of California. The release also said TVG will be the title sponsor of the Hollywood Gold Cup (gr. I), which is scheduled for July 11.
“We are extremely appreciative of the efforts of Hollywood Park and the TOC in enabling our acceptance of wagers on the current Hollywood Park meet and agreeing to our participation in the Hollywood Gold Cup,” Greg Nichols, managing director of sporting affairs for Betfair Group, said in the release. “TVG and Betfair are devoted to giving back to the industry for the future benefit of racing and its fans. We will continue to operate with the same high integrity that Betfair is known for around the world.”