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Illinois horserace Betting good For Betfair

10/15/09 - The giant British online gambling group Betfair stands to gain substantially - both in revenues and investor confidence - from the decision by the state of Illinois to permit online betting on its horseraces.
Earlier this year Betfair acquired the major U.S. horserace betting company, which is one of the licensees approved by the Illinois Racing Board and should benefit from the new policy.

BofogLife SportsBook

Commenting on developments in Illinois, Gerard Cunningham, president of Betfair US, said: "Just in time for the Hawthorne races and Zenyatta to race in the Breeder's Cup, Illinois' racing fans can experience the thrill of betting online at
"No other online wagering site offers the number of tracks, secures your money, or engages with its community like"
Illinois, which is home to a significant horse breeding industry, three Thoroughbred and two Standardbred tracks, joins a growing number of U.S. states that have approved online wagering on horseracing including California, New York, Kentucky, and Maryland, taking advantage of legislative carve-outs.
"We believe that legal, regulated online betting will help reinvigorate the horseracing industry in Illinois," said Cunningham. "The convenience of being able to wager online, or away from home with your cell phone, will help attract a new audience and generation to racing."
Americans have already wagered close to $6.5 billion on horseracing this year alone, with about 10 percent of bets placed online. There are more than 55 000 races around the U.S. every year, and TVG broadcasts 27 000 races each year on its television network.
In 2008, accepted more than $500 million in wagers from customers across the U.S. The TVG television network, which is broadcast into more than 33 million homes across the U.S., is already available in Illinois through distributors including Comcast, DirecTV, Dish Network and Media One.
Earlier this year, TVG and were acquired by Betfair Ltd.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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