Tag Archives: stronach group
- Fantasy operator DerbyWars to pay Stronach up to $1m damages
June 14, 2017
Horseracing fantasy contest operator DerbyWars could pay up to $1m to resolve a lawsuit brought by racetrack operator Stronach Group. Last month, a federal court in California ruled in favor of a lawsuit Stronach had brought against DerbyWars’ parent company Horse Racing Labs (HRL) in December 2015. The court supported...
- US federal court rules fantasy horseracing entry fees are wagers
May 18, 2017
A US federal court has ruled that entry fees for horseracing fantasy contests are the equivalent of real-money wagers under the Interstate Horseracing Act (IHA) of 1978. In December 2015, racetrack operator Stronach Group filed a federal lawsuit in the US District Court for the Central District of California against...
- Stronach Group plans world’s richest horse race with $1m entry fee
May 17, 2016
North America’s largest thoroughbred racing company plans to inject some badly needed excitement into a stagnant industry by promoting the world’s priciest horse race next January. Last week, the Stronach Group announced plans to hold the Pegasus World Cup at its Gulfstream Park track in Florida on Jan. 28, 2017....
- Stronach Group files federal lawsuit v. DerbyWars horseracing fantasy site
December 3, 2015
The Stronach Group has filed a federal lawsuit against the company behind horseracing fantasy site DerbyWars.com, accusing it of violating the federal Interstate Horseracing Act (IHA) of 1978. On Wednesday, attorneys for the Stronach Group, whose properties include multiple racetracks in North America as well as the Xpressbet online advance...
- 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