Keyword: Betfair

  • Monmouth Park

    Monmouth Park Set for Ground-Breaking Meet

    When Monmouth Park begins a new season of racing Saturday, May 14, fans will notice a few new items around the racetrack, including a banner for Zayat Stables' American Pharoah, this year's inductee into the Oceanport, N.J. track's Hall of Champions.

  • TVG Increases Revenue Following HRTV Purchase

    Betfair credits some of the growth in its U.S. operations during the first six months of its fiscal year to its advance-deposit wagering outlet and racing channel TVG purchasing rival racing channel HRTV.

  • Plans Call for Betfair, Paddy Power Merger

    Betfair, the exchange wagering giant and owner of U.S. advance-deposit wagering company and racing channel TVG, plans to merge with Paddy Power to become one of the world's largest public online betting and gaming companies.

  • American Pharoah<br><a target="blank" href="">Order This Photo</a>

    Odds Set on 'Pharoah' Stud Fee, Next Race

    Triple Crown winner American Pharoah is pegged at 3-5 odds with Television Games Network and parent company Betfair to stand for a fee between $175,000 and $200,000 during his first season at Coolmore's Ashford Stud.

  • Betfair chief executive officer Breon Corcoran

    Betfair U.S. Enjoys 25% Spike in Revenue

    Behind a strong quarter that saw 17% revenue growth at its New Jersey online casino, compared with the same quarter a year ago, Betfair reports a 25% revenue growth in its U.S. operations for the three months ended Jan. 31.

  • TVG CEO Kip Levin

    Officials Discuss TVG Purchase of HRTV

    The chief executive officer of TVG, on the heels of the announcement owner Betfair has purchased rival HRTV from The Stronach Group, said Feb. 18 the company plans to maintain both networks and market them accordingly.

  • TVG Acquiring HRTV; Operations to Merge

    Betfair and The Stronach Group announced Feb. 18 that TVG will assume operations of HRTV, bringing together the two competitors that televise North American and some international horse races.

  • Asian Racing Conference

    Asian Racing Conference Shows Success

    Panels discussed a broad range of topics, fsuch as community impact, the international movement of horses, the future landscape for wagering (and regulation of wagering), and fair competition through drug control.

  • Betfair Reports 2013 Losses of $75 Million

    Betfair, the world leader in betting exchange technology and owner of U.S.-based advance deposit wagering platform and racing channel TVG, reported a loss of US$75.4 million in its annual report.

  • Exchange Wagering Facing Delay in California

    Implementation of exchange wagering in California will be delayed for several months after the state's Office of Administrative Law rejected provisions approved earlier this year by the California Horse Racing Board.

  • Handle Up, Revenue Flat at TVG

    Improved handle failed to translate to increased revenue at advance-deposit wagering company TVG Network during the three-month period ending Jan. 31.

  • Tony Allevato

    TVG Dismisses VP Allevato

    Tony Allevato, one of the most senior members of the TVG management team, was dismissed Feb. 19, according to a source familiar with the company, as part of a restructuring plan.

  • British Purses to Increase in 2013

    The projections follow an Oct. 24 agreement in which the three largest bookmakers: William Hill, Ladbrokes, and Gala Coral, agreed to guarantee that their combined contribution will be at least $72.5 million.

  • Exchange Wagering Rules Approved by CHRB

    Rules governing exchange wagering gained initial approval from the California Horse Racing Board at its meeting Sept. 20, more than a year after the commission had announced its intention to promulgate them.

  • British Racing, Betfair Sign Commercial Pact

    The wagering firm Betfair and British Racing, comprised of the British Horseracing Authority, the Racecourse Association, and the Horsemen's Group, have signed a landmark five-year commercial agreement.

  • Total Handle on BC at Least $183 Million

    Total pari-mutuel wagering on the Nov. 4-5 Breeders' Cup World Championships at Churchill Downs was at least $183 million, according to the latest figures released by Breeders' Cup.

  • Report: Betfair Customers Not Told of Theft

    Betfair, the largest operator of exchange wagering in the world, admitted it did not inform its customers that details of millions of credit cards were stolen in a 2010 cyber attack, the UK Press Association reported.

  • RCI: Exchange Wagering Takes Center Stage

    Exchange wagering was a hot topic during the annual conference of the Association of Racing Commissioners International in New Orleans, as the need for strong regulatory guidance and preventative action was stressed.

  • TVG Eliminates 20 Positions

    TVG has eliminated 20 positions, including some of those held by on-air racing analysts, in what was termed a "streamlining" move by the company owner, British-based Betfair.

  • Technology and the Racing Fan

    People want convenience, low prices, and a game that is easy to learn and play; exchange wagering fits that description.

  • Gov. Arnold Schwarzenegger

    Schwarzenegger Signs Calif. Takeout Increase

    California legislation increasing the takeout rate for exotic wagers beginning this winter and making the state the first in the nation to approve exchange betting was signed by Gov. Arnold Schwarzenegger Sept. 23.

  • Betfair Going Public

    The world's largest online sports wagering company announced Sept. 21 its plans to be listed on the London Stock Exchange.

  • Calif. OKs Exchange Wagering, Takeout Hike

    California legislation that would redirect perhaps as much as $70 million from winning bets to purses and make the state the first in the nation to approve head-to-head wagering on horse races gained approval Aug. 31.

  • California Racing Gets Some Encouragement

    Struggling as it never has before, the California horse racing industry went to the State Capitol in Sacramento March 4 looking for some answers. And surprisingly, racing seemed to get a warm reception.