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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
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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