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TVG, NY Racing Association Complete Multiyear Extension of Television and Wagering Agreement

Companies mentioned in this article: TVG Betfair

LOS ANGELES and ELMONT, N.Y., July 22, 2014 /PRNewswire-iReach/ -- Today, TVG Network and the New York Racing Association ("NYRA") announced a multiyear extension of their agreement for TVG to televise, stream and accept wagers on live horse races from The New York Racing Association's Aqueduct Racetrack, Belmont Park and Saratoga Racecourse on a daily basis. Under the terms of the agreement, TVG will increase the exposure for High Definition telecasts of races from the premier New York Thoroughbred races on its network - which is distributed nationally in over 36 million households and simulcast regularly on regional sports networks throughout the US including the Fox family of regional sports networks.

"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. "We view this as a starting point for the two organizations to innovate in creating new and better ways for customers to enjoy this fantastic racing product."

Programming enhancements will include features on TVG's television network with The New York Racing Association's on-track television hosts as well as significantly increased on-site productions by TVG at Belmont Park and Saratoga Racecourse. In addition to the TVG Acorn (Gr. 1) on Belmont Stakes Day, TVG will also sponsor the TVG Diana (Gr. 1) from Saratoga Racecourse and the Super Saturday card from racing on September 27 in 2014.

"Today's announcement is yet another positive step forward for The New York Racing Association; one that will further enhance the experience for the world's greatest fans following thoroughbred action on television, online or at one of our three historic, world-class racing facilities," said Christopher Kay, President and CEO of The New York Racing Association. "The extension of our agreement with TVG will provide featured, long-term placement through the broadest, most technologically advanced distribution network available. This is a win for everyone."

TVG account holders can wager on all races from Aqueduct Racetrack, Belmont Park and Saratoga Racecourse, including watching live video at www.tvg.com and on the TVG App available for free in Apple's App Store.

All of the coverage will be available to TVG's viewing audience, which recently expanded with the addition of Time Warner Cable (TWC) systems in New York City, upstate New York, Detroit, San Diego, Tampa and Orlando, each of which now make TVG available on their Sports Pass package of programming.

TVG, a subsidiary of Betfair Group plc, the premier e-gaming betting community, is among the most widely distributed horseracing networks in the world. TVG is one of the largest legal online gaming companies in the US, accepting over $875 million in wagers in 2013. The company has demonstrated its commitment to the racing industry, its owners, tracks and fans through sponsorship of several preeminent races including the TVG Pacific Classic and TVG Jockey Club Gold Cup.

CONTACT:

Don Scott

TVG

(310) 242-9530

dscott@tvg.com

Media Contact: donald scott, TVG Betfair, 3102429530, dscott@tvg.com

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SOURCE TVG Betfair