Betfair Acquire TVG Network
2nd February, 2009
Betfair Group Limited, the online betting exchange operator has made the announcement of it’s acquisition of TV Games (TVG) Network from Macrovision Solutions Corporation.
Betfair was twice named as the UK’s Company of the Year by the Confederation of British Industry. It is not only one of the leaders of iGaming betting, but it is also the only betting company to have won a Queen’s Award for Enterprise.
TVG Network is the official television and interactive wagering partner of the National Thoroughbred Racing Association (NTRA), the broad-based coalition of horseracing interests, in-charge of increasing the popularity of the sport.
Fred Amoroso CEO and President at Macrovision said “The divestiture of the TVG Network marks another milestone in a set of objectives we set for ourselves when we acquired Gemstar-TV Guide in 2008 and helps to focus our company around the goal of powering a uniquely simple home entertainment experience,”
Betfair President, Gerard Cunningham, said “We are tremendously excited to be the new owners of TVG Network and look forward to building upon the worldwide experience of Betfair to help grow the business. We Believe TVG Network to be the premium product in the sector with exceptional staff loyal customers and we look forward to working with the horseracing industry to help promote this great sport.”
