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CEO of TVG, Kip Levin, said : "This is a very exciting step for TVG and HRTV as it enhances our ability to deliver premier horseracing content to our viewers, to show more races and to promote racing in the US.
4, 2014 /PRNewswire/ -- Betfair US, which comprises pari-mutuel horserace betting operator TVG, and online casino site Betfair New Jersey, has today announced its first-half results via its parent Betfair Group.
In an internal statement to Betfair staff, Cunningham is credited with creating the firm's US horseracing business, via the TVG acquisition, and "making significant progress" in improving relationships with industry leaders.
TVG is an international private equity firm that originates, structures and acts as a principal investor in companies in the communications sector.
TVG was formed in 1963 when two existing co-ops, Tri Valley Packing Assn.
Since the introduction of the TVG App, TVG customer wagering via mobile devices has more than doubled.
Details about the company acquiring will be released in first quarter of the next year prior to the IPO, the buyer plans to keep TVG as the R&D base in Israel The new owner of TVG intends to go public with the private company in NASDAQ and will give the previous share holders control, by exchange of shares follwing the IPO.
In the meantime, TVG provides what Cunningham claims is "the best-quality horseracing television in the world, 24/7, a fantastic platform.
This year's conference is about defining the new reality and exploring business models that continue to thrive and prosper," said Co-Partner of TVG Dr.
Both The New York Racing Association and TVG have made significant investments in High Definition television capabilities over the past year and this agreement allows us both to provide the highest quality coverage to the greatest number of people possible on a daily basis," said Kip Levin, CEO of TVG and Betfair US.
Betfair are comparing the TVG deal with their acquisition of Timeform and now have within their armoury an organisation that enables the channel's account-holding customers in 16 American states to place bets at TVG-licensed tracks primarily through the internet, television or mobile phone.
Dennis Stecchi, a Burbank resident, was rather irked when TVG declined his Bank of America debit card earlier this week.
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