Betfair enters US market with TVG acquisition

The UK betting exchange paid $50 million in cash for the TV Games Network, the betting partner of the National Thoroughbred Racing Association.
Gerard Cunningham, President of Betfair US, stated: “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.”

Date published: 30 January 2009


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