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.
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.
Beginning April 1, TVG will drop the 25 cents per wager charged some customers and offer 10 hours of free streaming per month. TVG had charged the fee since its launch in July 1999.
TVG has announced that in partnership with Woodbine Entertainment Group, the horse racing network is expanding its live coverage of racing from Japan in 2013.
- By Frank Angst
Improved handle failed to translate to increased revenue at advance-deposit wagering company TVG Network during the three-month period ending Jan. 31.
TVG and Darby Development announced that, effective March 1, TVG will provide online and telephone account wagering platforms and related services for New Jersey's only licensed and legal online horse racing wagering site.
Chantal Sutherland Kruse, who in 2011 became the first female jockey to win the Santa Anita Handicap when she piloted Game on Dude to victory, will join TVG for its coverage of Big 'Cap Day March 2.
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 has launched a promotional campaign titled "TVG Good For The Game," that includes testimonials delivered by several prominent members of the racing industry.
At least two of the four companies conducting advance deposit wagering in Illinois are shutting down operations for Illinois residents because that form of wagering is now illegal in the Land of Lincoln.
Betfair Hollywood Park showed appreciable gains in all sources handle and field size during the 2012 autumn meet.
TVG will add the upcoming 71-day winter race meet at Santa Anita Park to its broadcast schedule. The addition means that coverage of the major California stand will now be available to the most homes in the meet's history.
Advance deposit wagering increase fueled a healthy increase in business during the brief 2012 Autumn meet at Betfair Hollywood Park, which concluded its 24-day live racing season Dec. 16.
Racing channel HRTV has reached an agreement with Christina Olivares Blacker to join the network, beginning Dec. 26. Additionally HRTV has reached a deal to make Kurt Hoover full-time.
TVG has announced it will air the 91-day meet at Tampa Bay Downs that begins Dec. 1 and continues through May 5.
The California Horse Racing Board Nov. 15 approved the wagering platform that allows players to buy and sell, "back" or "lay" wagers.
The CHRB could give its final approval to exchange wagering rules Nov. 15 when it meets at 9:30 a.m. PST in the Sunset Room at Betfair Hollywood Park.
The industry's two racing television networks, TVG and HRTV, will both broadcast races from Betfair Hollywood Park live beginning Nov. 8 under a new agreement in California.
Live racing from Santa Anita Park will be available to viewers nationwide on TVG during the track's upcoming winter meet, the California Horse Racing Board learned Oct. 18.
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.
Due to a reporting error on in-state advanced deposit wagering bets during the final two weeks of the Del Mar meeting, the track has adjusted slightly downward its final figures on handle for its just-concluded meeting.
Racing from Santa Anita Park and Golden Gate Fields would be available on television network TVG under a content swap currently being negotiated, an executive from The Stronach Group told the California Horse Racing Board.
TVG will present live, on-site television coverage of the Iowa Festival of Racing from Prairie Meadows in Altoona, Iowa, this weekend.
The Thoroughbred Owners of California June 1 tabled action on exchange wagering for one year and endorsed a deal proposed by The Stronach Group, leading to a strong response from Betfair TVG.
Tom and Jason handicap the Coolmore Lexington Stakes at Keeneland this week. watch video
TVG, the racing network and advance deposit wagering service, reported substantial pari-mutuel handle gains by partner racetracks April 14.
Jason Shandler and Tom LaMarra handicap the Santa Anita Derby and Wood Memorial this week. Sponsored by TVG Watch Video
TVG will provide live coverage of the annual race meets at Keeneland and Woodbine that begin Friday, April 6.
TVG will provide live on-site coverage of the April 14 Charles Town Classic (gr. II) program at Hollywood Casino at Charles Town Races, officials said March 14.
The international exchange wagering company promises to upgrade the racetrack and woo younger fans through social media and innovative promotions.
Del Mar Thoroughbred Club and TVG have announced a simulcast and ontrack broadcast partnership that will begin with the start of racing at Del Mar July 18.
TVG will televise the four-day 2012 Cheltenham Festival from England's Cheltenham Racecourse March 13-16.
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.
TVG has added Oaklawn Park in Hot Springs, Ark., to its winter lineup and will televise the 2012 Oaklawn meet beginning Jan. 13.
The California Horse Racing Board agreed Dec. 15 to extend the license of account wagering firm TwinSpires.com after receiving assurance that parent company Churchill Downs Inc. would meet with the Jockeys' Guild.
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.
TVG will present live, on-site, coverage of the co-featured races from the Dec. 3 inaugural Caribbean Nations Racing Challenge to be held at Santa Rosa Park in Arima, Trinidad and Tobago.
Veteran racetrack executive Hal Handel, who left his position earlier this year as executive vice president and chief operating officer for the New York Racing Association, has joined TVG as a special adviser.
The decision by Churchill Downs Inc. to drop a longstanding insurance agreement with the Jockeys' Guild could have ramifications in California for the company's advance deposit wagering firm TwinSpires.com.
TVG has announced its lead-up programming for the Nov. 4-5 Breeders' Cup World Championships at Churchill Downs.
More network television isn't necessarily better for racing; instead, put the money in high definition and YouTube. So said the experts at the International Simulcast Conference.
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.
TVG said Sept. 29 it has signed new coverage agreements with Del Mar and Keeneland as part of an initiative to present United States horse racing in high-definition television.
TVG has created a multi-race contest that will culminate with this year's TVG Breeders' Cup Mile (gr. IT) at Churchill Downs on Nov. 5.
The Santa Anita autumn meet can proceed as expected after the California Horse Racing Board dropped its objection to The Stronach Group's distribution plan for its television network.
Ken Rudulph, the first person to appear on-air for TVG when it was launched in 1999, will depart the network at the close of the current Del Mar meet.
Unhappy with Santa Anita's plan for distribution of its television signal on racing network HRTV, the California Horse Racing Board suggested the track should broadcast its upcoming fall meet on rival TVG.
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