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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 TVG.com, which is one of the licensees approved by the Illinois Racing Board and should benefit from the new policy.

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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 TVG.com.
 
"No other online wagering site offers the number of tracks, secures your money, or engages with its community like TVG.com."
 
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, TVG.com 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 TVG.com were acquired by Betfair Ltd.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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