The company that launched the first betting exchange in the United States, Betfair US, believes its first year performance offers some encouraging trends for the industry.
The National Thoroughbred Racing Association (NTRA) announced Feb. 7 that Betfair US/TVG has joined the organization and that Kip Levin, Chief Executive Officer of Betfair US and TVG, has been appointed to the NTRA's Board of Directors.
Players have been slow to warm to exchange wagering through the first seven weeks of its full operation in New Jersey.
Some of the top tracks in North America are offering their racing signals, or will offer those signals, for wagering on the first U.S.-based exchange wagering platform.
For the first time exchange wagering will be available in the U.S. when Betfair U.S. launches a platform for New Jersey residents May 10.
The New Jersey Racing Commission has issued an exchange wagering license to the New Jersey Sports and Exposition Authority through its agent Betfair US and manager Darby Development.
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.
In its fiscal year financials filed June 17, parent company Betfair reported a strong year for its U.S. advance deposit wagering operation and racing channel, TVG.
TVG Network and the New York Racing Association announced July 15 a multi-year extension of their agreement for TVG to televise, stream, and accept wagers on live horse races from NYRA tracks.
TVG will broadcast exclusive live coverage of the 39th annual Eclipse Awards from the Beverly Wilshire Hotel in Beverly Hills, California on January 18.
Illinois gambling patrons in Illinois will now have the opportunity of placing their bets online, as Gov. Pat Quinn approved a bill Aug. 26 legalizing online wagering on horse racing.
The California Horse Racing Board got a bit of good news March 19 when the president of Hollywood Park assured commissioners that it would run its 2009 fall/winter meet as planned. The board also received an update on bankruptcy developments from Magna Entertainment Corp.
Most Popular Stories
- Cloud Computing Leaves Pimlico, Others Thinking Belmont
- Cloud Computing Wears Down Classic Empire in Preakness
- Agent Ryan Not Surprised by Cloud Computing's Win
- Trainer Richie Scherer Dies at Age 53
- Hips to Watch: Day 1 Fasig-Tipton Midlantic Sale
- Soul Stirring Frankel's First Classic Winner
- Preakness Wrapup: Clouds Got in the Way
- La Coronel Prepares for Royal Ascot Run
- Actress Announces Presence in Black-Eyed Susan
- Grizzel Edges Enstone in Selene Stakes