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.
TVG, the racing network and advance deposit wagering service, reported substantial pari-mutuel handle gains by partner racetracks April 14.
The international exchange wagering company promises to upgrade the racetrack and woo younger fans through social media and innovative promotions.
A proposal by Frank Stronach to publicly offer shares in six racing companies, each with a 20-horse stable, can legally conduct business in California, a staff report for the state's horse racing board concludes.
Exchange wagering in California drew some strong opposition from The Stronach Group and several horsemen's organizations during its first California Horse Racing Board committee hearing Feb. 9 at Santa Anita.
Prairie Meadows Racetrack and Casino and the Iowa Horsemen's Benevolent and Protective Association have selected TVG as the provider for an advance deposit wagering system.
TVG will reach out to racing fans with the 2012 debut of Racing Roundtable, an audience participation series airing Fridays at 8 p.m. ET.
A Dec. 7 panel discussion on new frontiers in wagering turned into an indictment of the North American racing industry over its failure to innovate and change parochial revenue models.
A test model of the first exchange wagering system proposed for the United States will be demonstrated at the University of Arizona Symposium on Racing & Gaming in Tucson beginning Dec. 6.
As exchange wagering edges closer to its American debut, regulators will have to deal with many makeovers of existing laws. According to a panel appearing before legislators June 18, it will change everything.
For the second consecutive year, TVG will be title sponsor for three of the New York Racing Association's grade I stakes for 3-year-old fillies.
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 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.
The TVG television network/advance deposit wagering company has expanded into Pennsylvania through a partnership with Harrah's Chester Casino & Racetrack.
TVG announced Sept. 9 that it has been designated exclusive TV partner of the 2010 Oak Tree at Hollywood Park race meet and title sponsor of two of the meet's premier events--the Lady's Secret and Clement L. Hirsch.
NYRA has announced a partnership with Betfair TVG that includes the creation of the Betfair TVG Triple Tiara, comprising the Betfair TVG Acorn, the Betfair TVG Coaching Club American Oaks, and the Betfair TVG Alabama.
TVG's sponsorship of the Pacific Classic will help Del Mar maintain the major race's purse level. But the seaside track also announced that 13 stakes will take purse cuts for the 2010 summer meet.
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.
The Breeders' Cup and Betfair Group Limited announced Oct. 22 that they have reached an agreement permitting common-pool wagering on this year's championshp day races Nov. 6-7 during the Oak Tree at Santa Anita meet.
Betfair annouced Dec. 3 it has worked out a five-year sponsorship deal with Royal Ascot.
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