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Contract Deadlock Will Stop TVG/FanDuel Spa Wagering


A New York Racing Affiliation spokesperson mentioned July 10 that as of 5:30 p.m. there had been no motion in stalled contract negotiations with TVG/FanDuel and that the foremost advance-deposit wagering firm wouldn’t be accepting wagers on the opening-day July 11 card at Saratoga Race Course.

TVG/FanDuel has been unable to deal with wagers on NYRA races since July 4 resulting from an lack of ability to agree on the monetary phrases of a brand new wagering contract.

The 2 sides talked Wednesday, but it surely didn’t resolve the deadlock.

“Regardless of NYRA’s greatest efforts, TVG/FanDuel has been unwilling to barter on the phrases of a brand new contract. Because of this, pari-mutuel wagering on the summer time meet at Saratoga Race Course won’t be accessible on TVG/FanDuel platforms when the meet opens Thursday. As a not-for-profit franchised by New York State, NYRA’s core mission is to conduct world-class Thoroughbred racing for the advantage of the state’s financial system whereas creating alternatives for horsemen and breeders to compete for strong purses and awards 12 months a 12 months. To meet that mission, NYRA will proceed working to realize an equitable decision to this deadlock,” mentioned Pat McKenna, NYRA’s vp of communications. “This has nothing to do with NYRA’s backside line. Fairly, it’s about gaining honest compensation to help the trainers, breeders, house owners, and others who make racing doable in New York. Accordingly, NYRA has provided TVG/FanDuel the very same charges that had been in impact beneath the prior contract in each state apart from New York.”

In response, Andrew Moore, normal supervisor of racing for FanDuel Group, mentioned TVG/FanDuel was absolutely ready “for the eventuality that we are going to not have the Saratoga content material.”

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“This case is dangerous for nearly everybody—us, NYRA, and followers. In an period when folks have extra content material than ever to wager on, it isn’t optimum that the biggest distributor of horse racing content material and sports activities betting is not capable of supply NYRA’s content material to its buyer base. Nobody is successful right here and hopefully we are able to have this content material again accessible to TVG and FanDuel Sportsbook prospects very quickly. However the enterprise phrases should make sense or else we put in danger our capacity to proceed our important funding in advertising, selling and televising racing,” Moore mentioned. “As at all times, we’ll endeavor to present our prospects the very best expertise with the content material that we now have. Not having Saratoga can be very disruptive to their expertise. That mentioned, we’re absolutely ready for the eventuality that we are going to not have the Saratoga content material. That was our expectation after we did not conform to the brand new phrases NYRA is proposing. We’re not looking for higher phrases than our prior settlement.”

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