Betfair US has announced this week that new partnerships with gaming venues in New York and New Jersey have been formed, with the brand set to work with Tioga Downs and the Meadowlands covering online, mobile and retail sports betting options.
The new agreements will see Betfair US providing a full suite of quality sports betting products to customers in both states, pending legislation and regulatory matters. The company is a subsidiary of Paddy Power Betfair, ready to get started offering the best in sports betting services to US residents via their branch in the states.
Paddy Power recently announced they will combine their United States operations with FanDuel, a leading daily fantasy sports company, pending closing conditions and regulatory approvals. The transaction is expected to finish up in the 3rd quarter of this year.
Partnering with the Meadowlands Racetrack will see Betfair US offering sports betting services to residents in East Rutherford, New Jersey, a location near Times Square of New York. Real estate developer, Jeff Gural, and his partners, rebuilt the venue in 2013, creating a state of the art facility with modern and luxury amenities.
Commenting on the recent deal in a press release, Betfair US CEO, Kip Levin, stated: “We could not be more excited to partner with Jeff Gural and his partners for sports betting in New Jersey and New York. Meadowlands Racetrack has the potential to be among the best, if not the best, sports betting venues in the US. Combining these premier facilities with the global sports betting prowess of Paddy Power Betfair is a great match and will enable us to bring an unparalleled sports betting experience to customers in the northeast.”
The Tioga Downs facility is located in New York and recently opened with licensing as one of the state’s four commercial casino gaming venues. The property includes a hotel, casino floor with slot machines, table games and horse racing, along with an entertainment center.
Chairman of New Meadowlands Racetrack LLC and Tioga Downs LLC, Jeff Gural stated: “Sports betting is a great opportunity for Meadowlands and Tioga Downs. We went through a diligent process and reviewed several options to provide customers with the best sports betting experience possible. In the end, Betfair’s world leading products and experience proved the best choice. We are eager to get started with our partners, with whom we have had a long relationship for racing with TVG, on this exciting venture.”