Betfair has become the first betting entity to agree to a new three-year funding arrangement designed to generate more purse money for British racing as an Authorized Betting Partner.
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.
HRTV, acquired by TVG earlier this year, was rebranded as TVG2 effective Oct. 28. In addition, HRTV.com is now TVG2.com.
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.
TVG analyst Simon Bray has been diagnosed with multiple myeloma, a cancer of the blood, the television network said in a press release June 27.
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.
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.
Horse Racing Radio Network and TVG will offer radio and television coverage, respectively, from Pimlico Race Course beginning May 13. NBC will televise the Preakness live from 4:30-6:30 p.m. EDT May 16.
As Monmouth Park prepares for its upcoming season, Dennis Drazin, who advises the track operators, said during May 5 luncheon the New Jersey facility is operating in the black.
Although other advance-deposit wagering options in Virginia remain, Colonial Downs announced April 7 that it will immediately shut down its EZ Horseplay ADW site.
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.
Lenny Shulman talks with Randy Gullatt of Twin Creeks Farm about Constitution, Mission Impazible, Graydar, Dubai, & business partner Steve Davison. Lenny also touches on TVG and the NTRA. Presented by Hill 'n' Dale Stallions watch video
Lenny Shulman talks with Randy Gullatt of Twin Creeks Farm about Constitution, Mission Impazible, Graydar, Dubai, facing Lea, and business partner Steve Davison. Lenny also has a Top 6 list for the new TVG, NTRA commentary, and more! Presented by Hill 'n' Dale Stallions.
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.
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.
Hollywood Casino at Charles Town Races has partnered with TVG to become the first full-time Thoroughbred track in the evening simulcast market to broadcast its races in high definition on the network.
Citing its mobile channel as a key driver, Betfair reports that its U.S.-based advance deposit wagering company TVG enjoyed a 15% spike in handle for the six months ended Oct. 31.
TVG has announced it will offer a guaranteed 5-2 return for win bets on Shared Belief for wagers up to $20 made Friday, Oct. 31, through TVGe's mobile platforms.
Horse racing network TVG begins its week-long Breeders' Cup programming Saturday, Oct. 25, with the return of "The Works--Breeders' Cup 2014."
TVG has launched what it calls "the first fully integrated horseracing betting App on the iPad," the racing network and wagering company announced Oct. 8.
TVG's on-site high-definition coverage of the "Fall Stars Weekend" at Keeneland Race Course in Lexington will include a number of production enhancements.
Advance-deposit wagering site TVG is promoting its Australian racing platform by offering a trip to the Melbourne Cup (Aus-I).
TVG has announced it will feature a number of state-of-the-art production enhancements during its 90-minute special telecast of the TVG Pacific Classic (gr. I) at Del Mar Aug. 24.
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.
The eight-day Summer Thoroughbred Festival at Los Alamitos starts Thursday, July 3, marking the first meet for Thoroughbreds at the California track since the final Orange County Fair in 1991.
Del Mar will broadcast its signal in high definition this summer, joining a select number of tracks across the country that provide fans a crystal-clear look at their racing product.
Like its parent company Betfair, TVG enjoyed a strong 12 months for the fiscal year ended April 30, according to financials released June 11. TVG saw handle increase 33% to $74.76 million.
TVG announced its on-site Belmont Stakes (gr. I) week coverage that will focus on California Chrome's Triple Crown bid will begin at 10 a.m. EDT Wednesday, June 4, with a live broadcast of the post position draw.
Betfair Group on May 14 announced the appointment of Kip Levin as the new chief executive officer of its U.S. businesses comprising TVG and Betfair Casino.
TVG said it posted significant gains in wagering for the May 3 Kentucky Derby Presented by Yum! Brands (gr. I) program.
Time Warner Cable is now distributing TVG Network television programming nationwide in all systems as part of its Sports Pass package of programming.
TVG is introducing several innovations as part of its live coverage of the Keeneland Race Course meet that begins April 4.
TVG has announced it will begin offering commingled pari-mutuel wagering on, and live television coverage of, horse races from Happy Valley and Sha Tin racecourses in Hong Kong, which routinely attract large wagering pools.
Increasing purses and reducing costs were primary topics at the Thoroughbred Owners of California open forum held at Santa Anita Feb. 8.
The pros and cons of exchange wagering were among the highlights of the Jan. 24 session of the Horsemen's Benevolent and Protective Association winter convention in Pasadena, Calif.
TVG and Oaklawn Racing and Gaming announced Jan. 6 that the network will telecast the 57-day Oaklawn Park 2014 race meet beginning January 10, with daily, on-site, live coverage hosted by TVG's Frank Mirahmadi.
Jerome Doro and Nancy Ury have joined the Oaklawn Park staff in key seasonal positions ahead of the 2014 live race meet.
A mini-break in Santa Anita's 2014 dates, an agreement to allow HRTV and TVG to broadcast all major California racetracks, and reduced takeout on Santa Anita's Daily Double wagering were discussed at the Nov. 21 CHRB meeting.
Canterbury Park's 69-day racing season, the longest since 2006, concluded Sept. 14 with gains in average handle and attendance.
TimeformUS announced that with its commercial launch July 17, it is the first past performance product focused on North American Thoroughbred horseracing to be designed specifically for the modern digital consumer.
TVG again will serve as the broadcast network of the entire Del Mar race meet, offering live on-site coverage from the seaside track located just north of San Diego.
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.
With Animal Kingdom headlining the proceedings for American viewers, TVG will present live coverage of the five-day Royal Ascot race meet beginning June 18.
HRTV and TVG will offer on-site coverage of the June 8 Belmont Stakes (gr. I) showdown between Kentucky Derby Presented by Yum! Brands (gr. I) winner Orb and Preakness Stakes (gr. I) winner Oxbow.
Multiple European financial news outlets are reporting private equity firm CVC Capital Partners has ended a $1.5-billion effort to purchase Betfair.
TVG's coverage of the Kentucky Derby Presented by Yum! Brands (gr. I) and Kentucky Oaks (gr. I) begins May 1 with the one-hour "Kentucky Derby Profile Show" that profiles each entrant in the May 4 race.
TVG will present live, on-site coverage of the Betfair Hollywood Park 2013 spring/summer meet beginning April 25.
Private equity firm CVC Capital Partners acknowledged Monday, April 15 that it is considering purchasing Betfair, the world's largest betting exchange.
Despite concerns voiced by one member, the Kentucky Horse Racing Commission has approved an additional 40 historical race wagering machines and additional types of games and wagers at Kentucky Downs.
Racing network TVG will provide live coverage of Saturday's $27 million Dubai World Cup program beginning at 9 a.m. EDT.
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