Tag Archives: betfair us
- New Jersey online gambling demolishes old revenue record
April 12, 2017
New Jersey’s regulated online gambling market demolished its previous monthly revenue record in March, topping the $20m mark for the first time. Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators generated revenue of $21.7m in March. The figure is...
- Betfair not bothered by New Jersey exchange wagering’s slow start
August 11, 2016
The US division of betting exchange Betfair says it’s not bothered by the slow start of its New Jersey exchange wagering site. On May 10, Betfair US launched exchange wagering on 4NJBets, the New Jersey advance deposit wagering site run by Betfair’s TVG racing offshoot. The launch marked the first...
- Betfair US, Monmouth Park to launch New Jersey exchange wagering site on May 10
April 21, 2016
The US division of UK-listed online gambling operator Betfair will launch America’s first exchange wagering site next month. Betfair US, now part of the Paddy Power Betfair behemoth, along with their Darby Development partners at New Jersey’s Monmouth Park racetrack, announced this week that exchange wagering would officially commence in...
- Betfair celebrates as New Jersey issues America’s first exchange wagering license
November 21, 2015
New Jersey has become the first US state to issue an exchange wagering license, ending a long and often frustrating journey for the US division of UK-listed betting exchange Betfair. On Wednesday, the New Jersey Racing Commission held its latest executive session, at which it formally approved an application by...
- Betfair shares top £21 as Q3 earnings fend off point-of-consumption tax
March 5, 2015
Exchange betting specialists Betfair saw its shares rise nearly 18% on Thursday after posting better than expected fiscal Q3 results. For the three months ending Jan. 31, Betfair revenue rose 20% to £114.6m, the fourth consecutive quarter of double-digit growth. Earnings rose 17% to £23.6m, despite a £7m hit from...
- Betfair buys US HRTV network, lets horses drive rally cars
February 18, 2015
The US division of UK-listed exchange betting operator Betfair has acquired the HRTV horseracing television network from the Stronach Group. Betfair TVG has agreed to pay $25m up front with future payments of up to $47.8m depending on the effect of the deal on TVG’s race betting handle. The deal...
Betfair latest to exit Poland
March 28, 2017
Betfair sponsor Juventus; Unibet sponsor Aston Villa
July 5, 2017
New Jersey online gambling demolishes old revenue record
April 12, 2017