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BETFAIR TVG ACQUIRES HRTV HORSERACING NETWORK
Wednesday February 18,2015 : BETFAIR TVG ACQUIRES HRTV HORSERACING NETWORK
Will bring leading U.S. racetracks under one TV network
Betfair Group plc subsidiary TVG has acquired the Stronach Group’s HRTV horse racing television network for an initial consideration of $25 million. Based on TVG’s handle a further consideration of up to $47.8 million over a seven-year period will be payable.
Further terms of the deal will see TVG benefit from seven years of television rights to the Stronach Group’s Santa Anita, Gulfsteam Park, Golden Gate Fields, Laurel Park and Pimlico racecourses.
The acquisition will allow the company’s advanced deposit wagering platform to drive incremental wagering leading to additional advertising and distribution opportunities, said TVG.
The acquisition will additionally offset television fees that Betfair has historically paid to The Stronach Group which last year amounted to approximately $3.4 million.
Breon Corcoran, chief executive officer of Betfair said: “This deal strengthens TVG’s position as a significant player in the US horseracing industry, bringing together the US’ leading racetracks under a single TV network for the first time.
“The enlarged TVG operation will now show the most exciting racing action globally whilst offering a world-class betting experience. We believe this is a very compelling proposition for our customers”.
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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.
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.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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