eGaming Morning Snapshot - 28 January 12/02/2009
Betfair entered the US racing and betting market yesterday with the purchase of racing television channel TVG for US$50m (£35m), reports the Guardian. TVG covers racing from 70 tracks in US 16 states, including the key racing centres of Kentucky, California and New York. It also accepts bets from residents of those states, dividing the profits with the racecourses concerned. Betfair has no plans at present to introduce its betting exchange model into the US market, but will use its cutting-edge technology to improve the pari-mutuel betting services offered to TVG clients. “We have waited to enter the US market until we had a high quality, and above all, legal product offering, and we believe with this acquisition we have secured those goals,” said David Yu, Betfair's chief executive.
Mobile content provider Cellectivity has entered into a strategic relationship with Malta-based software provider AliQuantum, to develop a new range of mobile based gaming solutions. Marcel Puyk, chief executive of Cellectivity, said: “The mobile gaming market continues to grow at exponential rates and this collaboration will result in the ability to create a new generation of mobile based gaming solutions for existing gaming operators and mobile network providers.”
Don't miss out on egaming news: sign up for our free, daily Snapshot email. Or get the news as its breaks with the free eGaming Review RSS feed.
Posted: 12/02/2009
User comments
There are currently no comments on this article.
egrjobs.com
Webmaster
EsandaRecruitment.com , UK
Domain Manager
EsandaRecruitment.com , UK
Web & Customer Services Operators – Norwegian
Ladbrokes , UK
Data Executive
Ladbrokes , UK
Payment Solutions Manager
Ladbrokes , UK
Events
-
Power LatAm offers a mix of lively debate and effective networking - this event is a must-attend for anyone looking…
-
EGR B2B Awards 2010 New for 2010 is the launch of a set of awards for the industry’s service providers…
-
If you came to the first eGR Live in December 2009 you will know that this is a brand new…
