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Betfair in Partnership with Monmouth Park

Friday, April 22, 2016 : U.S. DIVISION OF BETFAIR IN NEW U.S. EXCHANGE PARTNERSHIP
 
Collaboration with Monmouth Park set to begin next month.
 
The US branch of UK online gambling group Betfair (now part of the Betfair-Paddy Power UK gaming leviathan) has disclosed that starting May 10 it will operate a real-money betting exchange - the first in the United States - with New Jersey horseracing group Monmouth Park in the Darby Development group.
 
Beta testing on the new product is already in progress at Betfair-TVG's advance deposit wagering website 4NJBets, covered by a specific exchange wagering licence issued late last year after an extensive approval process.
 
The business plan is to levy a 12 percent commission on the net gains of punters using the exchange wagering facility
 
Betfair US has acknowledged that not all US racetrack owners are on board when it comes to exchange wagering, and the company has gone to some lengths to inform and educate them on the genre.
 
CEO Kip Levin says that the new development is being critically observed by interested parties, but he is confident that opposition will diminish as the concept proves itself with hard numbers.
 
Supporting Levin, Darby Development director and high profile New Jersey businessman Dennis Drazin told local press that exchange wagering would attract new players, creating fresh revenues, and that had to be positive for the industry.



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League of Legends Live Odds - This week, Betradar, the premium partner for the betting industry worldwide, has officially launched live odds for League of Legends, developed in conjunction with esports big data specialists DOJO Madness.

JETS Media Traineeship awarded to Shelley Birkett and Jason Kiely - The 10-week RMG – JETS Media Traineeship will cover all aspects of the media, including presentation, punditry, production, digital, marketing and PR.

Comunio in deal with - One of the leading providers of fantasy sport across Europe, Comunio, has kicked off its pre-season build up by signing a transfer deal that will see Sportradar

McGregor’s Odds vs. Mayweather Get Even Shorter - Conor McGregor is still the underdog for his August 26 superfight in Las Vegas with Floyd Mayweather Jr., but his odds are improving. McGregor has shortened from +375 last week to +350 at press time, with Mayweather moving from –550 to –500.

Gemtopia Slot Launches - This spectacular new slot from Real Time Gaming includes 2 glittering features, a Wild Re-Spin Feature and a Free Games with Bonus Picks Feature!

MLB Odds: Yankees vs. Jays at Rogers Centre - The Toronto Blue Jays (56-61, –14.26 betting units) are moving slowly up the AL Wild Card standings, and they can get closer to the Promised Land by beating up on the injury-plagued Tampa Bay Rays (59-60, –2.79 units). Game 2 of their four-game series is Tuesday at 7:07 PM ET on Sportsnet.

2017 ACR Moss Sign Up Bonus - The ACR MOSS kicks off this Sunday, August 13th at 1:00pm ET. If you’re new to the MOSS, it’s the Mini Online Super Series and the first part of our $6,700,000 GTD OSS Cub3d series.

New Microgaming HQ Opens - Microgaming’s new purpose built HQ on the Isle of Man, adjacent to its existing office, officially opened on 31 July 2017.

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