The deal will see TVG
assuming the operations of HRTV, which will be run from the TVG
Studio complex in Los Angeles.
mobile betting up 85% as native iPhone and iPad apps launched
It would appear Cunningham will not be replaced, while Stephen Burn, previously Betfair director of racing, is now running TVG
Capital Partners is the largest international private equity firm focused on the Asian communications, media and technology sector.
But severe financial difficulties forced TVG
to file a voluntary petition for reorganization under Chapter 11 of the U.
delivers risk-adjusted rates of return, which exceed expectations and build and sustain investor trust throughout the investment cycle.
App for iPad demonstrates TVG
's commitment to the industry through the development of new wagering platforms that appeal to both current core and new generation racing fans," said Bhavesh Patel, TVG
's Senior Vice President of Television Operations and Marketing.
64 USD per each TVG
share, total 28 million TVG
shares after the deal).
Cunningham's marketing expertise will be tested in a sport struggling to reverse a long period of decline, but buying TVG
was two bets in one - a bet on TVG
's future and another on legal changes to open the way to a massive new online gaming, sports and exchange betting market.
Network is an interactive horse racing network that allows viewers to bet on races via telephone and the Internet in states where that is legal, Gemstar said.
is expecting approximately 250 delegates from 170 companies.
July 22, 2014 /PRNewswire-iReach/ -- Today, TVG
Network and the New York Racing Association ("NYRA") announced a multiyear extension of their agreement for TVG
to televise, stream and accept wagers on live horse races from The New York Racing Association's Aqueduct Racetrack, Belmont Park and Saratoga Racecourse on a daily basis.