Betfair deals with Meadowlands and Tioga after the brand has reached long-term agreements for retail and online/mobile sports betting with Meadowlands Racetrack in New Jersey and Tioga Downs Casino in New York. Under the deals, Betfair US will provide a full suite of cutting-edge sports betting products to customers in New Jersey and New York pending legislative and regulatory authorization.
Paddy Power Betfair plc is one of the largest publicly traded sports betting companies in the world with leading brands Paddy Power Poker and Betfair Poker in the United Kingdom and Europe, Sportsbet in Australia and TVG in the US. Across its four major brands, Paddy Power Betfair has five million active customers and processed over $15 billion in sports wagers in 2017. The company recently announced that, subject to customary closing conditions and regulatory approvals, it is combining its US operations with leading daily fantasy sports company FanDuel. This transaction is expected to complete in Q3 2018.
Kip Levin, CEO of Betfair US:
Meadowlands Racetrack is on the grounds of the renowned Meadowlands Sports Complex in East Rutherford, New Jersey, which is located less than 10 miles from Times Square in the heart of Manhattan and in one of the most densely populated areas of the U.S. Rebuilt by Chairman Jeff Gural and his partners in 2013, the facility is state-of-the-art with modern and luxurious amenities for racing and sports betting customers. Tioga Downs, located in Nichols, NY, recently opened one of New York’s four commercial casino facilities featuring a hotel, entertainment center and modern casino floor featuring slots, table games and horse racing.