M&A News

Betfair's TVG has acquired the HRTV horse racing television network from The Stronach Group, in a deal which will bring together the US' leading racetracks under a single TV network.

The deal will see HRTV’s television operations combined with Betfair's TVG network, with Betfair to own 100 per cent of the equity in the unified television platform.

As part of the acquisition, TVG has acquired broadcast rights to all races from Santa Anita, Gulfstream Park, Pimlico, Golden Gate Fields and Laurel Park for a term of seven years.

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