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Betfair ready to move in US online gambling
 June 28, 2009, 10:09 am (2 years ago)Betfair was the topic of a highlighting article in the publication Venture Beat this week which examined the UK betting exchange’s perceptive shift into American horse racing.
The action officially develops the “carve-outs” in the frequently puzzling US political deal-making process and biased federal regulations that allow online betting in horse racing.
Betfair is sturdily placed in the positioned after its attainment of the Los Angeles-based American TV Games Network (TVG), an online horse race betting company with its own TV channel, for $50 million in January 2009.
Although it manages in just 16 states, the 10-year-old TVG managers the biggest officially permitted online gambling web site in the U.S., states Tony McAlister, head technology officer of Betfair. And its horse racing channel hits a enormous 72 million households.
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