NEWS

WIRES

OTHER

TVG (Betfair US) and TrackNet Media Group Reach Agreement For Account Wagering

LOS ANGELES, May 1 /PRNewswire/ -- TVG and TrackNet Media Group, LLC today announced a deal allowing TVG to accept online wagering on TrackNet affiliated tracks, including those operated by Churchill Downs Incorporated and Magna Entertainment Corp. TVG customers will now be able to wager on races from Churchill Downs and Pimlico Race Course, hosts of the Kentucky Derby and Preakness Stakes, respectively. TVG and TVG.com were recently acquired by Betfair, the world's largest, legal, online wagering company.

"We're delighted to reach an agreement with an esteemed partner like TrackNet, the unrivaled leader in horse racing content in the United States," said Gerard Cunningham, president of Betfair US. "The addition of the Kentucky Derby and Preakness Stakes simplifies betting for our customers who can now wager on all three Triple Crown events (from one account). This not only benefits the betting public, but also horsemen, owners and the racing industry as a whole."

As well as accepting wagers through TVG.com, TVG will also stream live video content of races originating from all TrackNet race tracks. As a result of the agreement, TVG's roster of tracks available for wagering and streaming expands to include Arlington Park, Calder Race Course, Churchill Downs, Hoosier Park, Laurel Park, Lone Star Park, The Meadows, Pimlico, Pinnacle Race Course, Portland Meadows and Remington Park. HRTV will remain the exclusive television broadcast company for races originating at all TrackNet affiliated racetracks.

"Under Betfair's new ownership, TVG has made significant strides to ensure its commitment to U.S. racing in a short time, and we're hopeful this partnership will continue to evolve for the betterment of the sport," said Scott Daruty, president of TrackNet Media Group, LLC. "TVG offers one of the most robust wagering platforms in our industry and we are pleased that they will now join all of the other major, national account wagering companies in offering the TrackNet content."

About TVG

TVG, the official TV and Interactive Wagering partner of the National Thoroughbred Racing Association (NTRA) and a subsidiary of Betfair Group Ltd, the premier e-gaming betting community, is among the most widely distributed horseracing networks in the world. TVG is the largest advance deposit wagering company in the US, accepting over $500 million in wagers in 2008. TVG viewers in certain areas can wager interactively on races via telephone, the Internet, TVG Mobile or Interactive Television by establishing a wagering account online at www.tvg.com or by telephone at 1-888-PLAY-TVG.

About TrackNet Media Group LLC

TrackNet Media Group, LLC is a venture of North America's premier horse racing and entertainment companies, Churchill Downs Incorporated (Nasdaq: CHDN) and Magna Entertainment Corp. TrackNet sells horse racing content from its stable of racetracks to a variety of domestic and international wagering outlets, including racetracks, casinos, off-track wagering facilities, and advance deposit wagering companies. TrackNet also purchases horse racing content from third party racetracks for distribution to its member racetracks and its affiliated advance deposit wagering platforms, including XpressBet, TwinSpires, WinTicket.com and BrisBET. TrackNet employs the highest standards of wagering security and integrity when licensing horse racing content to third parties to reduce the chances of signal piracy and ensure content producers receive the compensation they are due. TrackNet is headquartered inLouisville, Ky., and also has offices inArcadia, Calif.

SOURCE TVG