Paddy Power Betfair Fined $2.9 Million For Allowing Stolen Money, Problem Gamblers

The United Kingdom Gambling Commission has fined Paddy Power Betfair £2.2 million ($2.9 million US) for allowing stolen money to be wagered through its betting exchanged and for failing to protect problem gamblers. An investigation found that the company did not have proper oversight in place to stop addicts from betting and that Paddy Power Betfair […]

The post Paddy Power Betfair Fined $2.9 Million For Allowing Stolen Money, Problem Gamblers appeared first on Horse Racing News | Paulick Report.

Analysis: Gaming Stocks See ‘Statistically Significant’ Jump After Sports Betting Ruling

It’s still unclear what dominos are next to fall as legalized sports gambling ramps up, but according to an analysis from a University of Louisville economist, investors believe there will be a positive and significant impact on companies that operate casinos, racinos and sports books. In his report, Dr, Steven Vickner, an assistant professor in […]

The post Analysis: Gaming Stocks See ‘Statistically Significant’ Jump After Sports Betting Ruling appeared first on Horse Racing News | Paulick Report.

Parent Company Of TVG To Merge With FanDuel, Takes Aim At U.S Sports Betting Market

Paddy Power Betfair and FanDuel today announced a definitive agreement under which the companies will merge their U.S. businesses, bringing together the leader in international sports betting and gaming and the company that redefined fantasy sports. The transaction combines FanDuel’s world-class technology, well-recognized brand, and large, highly engaged user base with Betfair US’s existing TVG […]

The post Parent Company Of TVG To Merge With FanDuel, Takes Aim At U.S Sports Betting Market appeared first on Horse Racing News | Paulick Report.

Parent Company Of TVG To Merge With FanDuel, Takes Aim At U.S Sports Betting Market

Paddy Power Betfair and FanDuel today announced a definitive agreement under which the companies will merge their U.S. businesses, bringing together the leader in international sports betting and gaming and the company that redefined fantasy sports. The transaction combines FanDuel’s world-class technology, well-recognized brand, and large, highly engaged user base with Betfair US’s existing TVG […]

The post Parent Company Of TVG To Merge With FanDuel, Takes Aim At U.S Sports Betting Market appeared first on Horse Racing News | Paulick Report.

TVG Parent In Talks To Buy Fantasy Sports Operator FanDuel

Paddy Power Betfair, European-based parent company of the U.S. racing network and advance deposit wagering company TVG, is in negotiations to buy FanDuel, the fantasy sports site based in New York. Discussions between the two companies was first reported by LegalSportsReport.com. In a subsequent statement published by LegalSportsReport, Paddy Power Betfair said: “Paddy Power Betfair […]

The post TVG Parent In Talks To Buy Fantasy Sports Operator FanDuel appeared first on Horse Racing News | Paulick Report.

View From The Eighth Pole: Who Wins From Sports Betting?

We woke up in a different world today. Yesterday, outside of the state of Nevada, the only legal “sports” betting in the United States was on horse racing. Today, or more realistically in the coming months and years, Americans will be able to bet on baseball, basketball, football and hockey, among other sports. They’ll be […]

The post View From The Eighth Pole: Who Wins From Sports Betting? appeared first on Horse Racing News | Paulick Report.

Ehalt: Even After 18 Years, TVG Still Facing ‘Huge Challenges’ In Promoting Sport

The Television Games Network (TVG) was launched 18 years ago, becoming the first network dedicated to solely covering horse racing. During TVG’s first few years it was only available via the Dish network, but in the nearly two decades since its launch, it has grown to the point where it is now available to 12 […]

The post Ehalt: Even After 18 Years, TVG Still Facing ‘Huge Challenges’ In Promoting Sport appeared first on Horse Racing News | Paulick Report.

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