Paddy Power Betfair

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 […]

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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 […]

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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 […]

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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 In a subsequent statement published by LegalSportsReport, Paddy Power Betfair said: “Paddy Power Betfair […]

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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 […]

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Betfair US/TVG’s Levin Sees ‘Positive Early Indicators’ In Exchange Wagering Launch In New Jersey

Earlier this year, Paddy Power Betfair, the U.K.-based gambling giant, launched its exchange wagering platform in New Jersey in partnership with Monmouth Park, making New Jersey the first state to offer the fast-paced form of wagering popular in other countries. Kip Levin, a relative newcomer to racing who was named CEO of Betfair US and […]

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