TVG
Betfair will demonstrate a test model, or first stage application, of its proposed
U.S. exchange wagering system at the “Symposium on Racing & Gaming” in
Tucson beginning tomorrow. The University of Arizona’s Race Track Industry
Program presents the symposium. TVG Betfair is a symposium exhibitor and panel
participant.
In the fall of 2010, the California state
legislature added exchange wagering to the state’s horseracing wagering menu, with
implementation scheduled for next summer pending contractual agreements between
an exchange operator and state tracks and horsemen’s organizations and
regulatory approval.
“We are pleased to show the racing
industry an early version of our proposed California exchange wagering
product,” said Stephen Burn, CEO of TVG. “This is very much a first phase and
we’re hoping for extensive feedback from people at the symposium.”
Added Burn, “We know the introduction of
exchange wagering to the United States pari-mutuel market is eagerly
anticipated by consumers and we look forward to creating new wagering markets
for horse racing. This is a tool to benefit the entire industry and input from
industry stakeholders will help us develop the right product, with the right
pricing, for both the sport and the fans.”
Burn will participate in a Symposium
panel titled, “New Frontiers in Wagering,” scheduled for Wednesday.