European betting firm Betfair enters US market

DiscreetCat · 01-27-2009, 02:28 PM

from The Courier-Journal:

European betting shop Betfair Group Ltd. is entering the United States market with the $50 million purchase of the TVG television network and account wagering company, according to a release issued this afternoon.

Speculation had centered on Louisville-based Churchill Downs Inc. as a potential buyer of TVG, although Churchill officials wouldn't comment on the speculation.

A call to Churchill spokesman Kevin Flanery was not immediately returned today.

TVG was the television home for Churchill's races and was the company's account wagering partner until Churchill started its own account wagering company in 2007.

TVG is being sold by Macrovision Solutions Corp., which had previously announced it wanted to sell TVG after getting it along with the rest of Gemstar-TV Guide.

"We have waited to enter the U.S. market until we had a high quality, and above all, legal product offering, and we believe with this acquisition we have secured those goals," Betfair David Yu, Betfair's CEO said in a statement.

Gerard Cunningham, president of Betfair US also said in the announcement: "We are tremendously excited to be the new owners of TVG and look forward to building upon the worldwide experience of Betfair to help grow the business."

Betfair is an electronic gambling company that touts horse racing as its core offering.

01-28-2009, 03:22 AM

CAT heres one for you that i have been looking at for the past two years go to Home this handles english/irish racing...they show you the odds of 8-10 english bookie shops and pay particular attention to whats called market movers..i bet with phila.park which takes these english/irish races,many times i see horses that opened up in england at 20/1 and are bet down to 4/1 in england,but here at philly pk. i can at times get those horses at 15/1 and 20/1 as the people arent aware of the bookie shops over there its free this site take a peek.i have known about betfair for quite a while as did kieran fallon....check it out....

01-28-2009, 03:24 AM

racingpost web site free to glance bookie shops and races in england ireland

01-27-2009, 02:28 PM	#1
DiscreetCat Moderator Join Date: Jul 2007 Posts: 6,128 Thanks: 75 Thanked 195 Times in 164 Posts Rep Power: 18	European betting firm Betfair enters US market from The Courier-Journal: European betting shop Betfair Group Ltd. is entering the United States market with the $50 million purchase of the TVG television network and account wagering company, according to a release issued this afternoon. Speculation had centered on Louisville-based Churchill Downs Inc. as a potential buyer of TVG, although Churchill officials wouldn't comment on the speculation. A call to Churchill spokesman Kevin Flanery was not immediately returned today. TVG was the television home for Churchill's races and was the company's account wagering partner until Churchill started its own account wagering company in 2007. TVG is being sold by Macrovision Solutions Corp., which had previously announced it wanted to sell TVG after getting it along with the rest of Gemstar-TV Guide. "We have waited to enter the U.S. market until we had a high quality, and above all, legal product offering, and we believe with this acquisition we have secured those goals," Betfair David Yu, Betfair's CEO said in a statement. Gerard Cunningham, president of Betfair US also said in the announcement: "We are tremendously excited to be the new owners of TVG and look forward to building upon the worldwide experience of Betfair to help grow the business." Betfair is an electronic gambling company that touts horse racing as its core offering. __________________ www.DiscreetPicks.com

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01-28-2009, 03:22 AM	#2
gambler911 Guest Posts: n/a	CAT heres one for you that i have been looking at for the past two years go to Home this handles english/irish racing...they show you the odds of 8-10 english bookie shops and pay particular attention to whats called market movers..i bet with phila.park which takes these english/irish races,many times i see horses that opened up in england at 20/1 and are bet down to 4/1 in england,but here at philly pk. i can at times get those horses at 15/1 and 20/1 as the people arent aware of the bookie shops over there its free this site take a peek.i have known about betfair for quite a while as did kieran fallon....check it out....

01-28-2009, 03:24 AM	#3
gambler911 Guest Posts: n/a	racingpost web site free to glance bookie shops and races in england ireland