Feb 20, 2015
Thoroughbred television networks merging
By: SPORTS NETWORK
Los Angeles, CA (SportsNetwork.com) - Television Games (TVG), a subsidiary of Betfair, and The Stronach Group announced Wednesday that the operations of Stronach's HRTV are being assumed by TVG.
"This is a very exciting step for TVG and HRTV as it enhances our ability to deliver premier horse racing content to our viewers, to show more races and to promote racing in the US," said TVG CEO Kip Levin. "With our recent investment in our new, state of the art, HD studios now complete, we're pleased to expand our coverage of the Stronach Group tracks as part of a unified TV platform. This agreement is part of TVG's commitment to deliver the very best in US racing, to generate incremental wagering on our advanced-deposit wagering platform and, to drive additional advertising and distribution opportunities."
The combined networks will feature races from The Stronach Group's tracks: Santa Anita, Gulfstream Park, Pimlico, Laurel Park and Golden Gate Fields over a seven-year period. This is in addition to the tracks already broadcast by TVG.
"Combining the significant investments we have made in our facilities and racing content with TVG's significant investments in television technology and distribution is the best way forward for ensuring a world class experience for all of our important customers and our fellow stakeholders in racing," said Alon Ossip, CEO of the Stronach Group.
The operations of HRTV will originate from the TVG Studio complex in Los Angeles.
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