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Betfred Gets Major Racing Contract
January 9, 2013 : BETFRED'S TOTEPOOL SECURES MAJOR RACING CONTRACT
Deal with Racecourse Media Group costs GBP14.7 million but ensures Totepool operation will continue to hold pool-betting rights and on-course betting.
In a GBP 14.7 million agreement announced Tuesday, Betfred and subsidiary Totepool revealed that they have retained pool-betting rights and on-course betting at 31 Racecourse Media Group racetracks.
The courses include Cheltenham, Aintree, Newmarket, Epsom, York, Newbury, Goodwood, Sandown and Ascot, which is scheduled to join RMG in June 2014.
The pool betting arrangement means the on-course Totepool betting service will remain at those circuits until at least July 2018, whilst all on-course betting shops will now be operated by Betfred for the same term.
The deal ensures that Betfred and Totepool's portfolio of race sponsorship - including the Ebor, Cambridgeshire and Cesarewitch - will continue across all the 32 courses.
RMG chief executive officer Richard FitzGerald said: "We are delighted to conclude these deals with Betfred and Totepool which guarantee and protect the future of pool betting and Totepool products at our racecourses until July 2018.
"The aim is to not only provide a first-class service for race-goers but also to grow the business for the benefit of the sport as a whole."
Totepool managing director Phil Siers said: "Totepool has an exclusive seven-year UK licence and is committed to developing and improving its racecourse facilities, and customer service to Betfred's high standards.
"Totepool will make a significant capital investment in the business and expects this investment to drive a high rate of return, and to quickly help Totepool and its partners deliver a flagship operation."
The deal represents an important milestone for Betfred, which acquired The Tote in a GBP 265 million deal in 2011
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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