iGaming Business – Online gambling company Betfair has agreed a two-year deal with the Chester Race Company to become the official Wi-Fi and digital gaming partner of UK horseracing venue Chester Racecourse. The agreement, which covers the 2014 and 2015 seasons, will also include Chester Race Company’s nearby Bangor-on-Dee Racecourse. The ‘Always on Campaign’ partnership will be powered by Wi-Fi from UK telecommunications provider O2. Chester Racecourse successfully trialled O2 Wi-Fi during the 2013 horseracing season and has now opted to push ahead with the Betfair deal. In addition to the Wi-Fi agreement, Betfair will also sponsor four races at the…

iGaming Business – Online gambling company Betfair has joined forces with Income Access, a provider of technology and affiliate iGaming management solutions, to launch the Betfair Casino affiliate programme in the US state of New Jersey. The new affiliate programme will complement Betfair Casino’s online slots, poker and table game products that were launched in the state in November 2013. Betfair and Income Access will now work together to help affiliates benefit from these products and supply them with experience on how to best promote and drive traffic in the regulated New Jersey online gaming market. In addition, Betfair said…

iGaming Business – Casino operator Crown Resorts is set to increase its stake in online betting exchange Betfair’s Australian operations from 50% to 100%, according to Fairfax Media. Betfair operates in Australia as a joint venture between Crown and Betfair, but the report said that the latter is keen to offload its Australian stake because the venture has been far less profitable than it had hoped. Crown chairman James Packer is reportedly keen to complete a buy-out as the deal would secure 100% control of the company’s Tasmanian bookmaking licence. Crown and Betfair declined to comment, but such an agreement…

iGaming Business – Online gambling company Betfair has named Paul Cutter as its chief technology officer in what will be the third time the firm has appointed someone new to the role in the space of just five years. According to the CIO.co.uk website, Cutter previously served as director of software engineering at UK pay-television broadcast BSkyB for more than five years. In his new role, Cutter will now be based at Betfair’s Hammersmith headquarters in west London, where he will inherit about 700 IT staff members. Cutter will assume the role from Tony McAllister, a former IT executive at…

From iGaming Business Betting exchange and online casino operator Betfair has released its preliminary financial results for the twelve months to the end of April showing that total revenues from continuing operations fell by 0.38 percent year-on-year to £387 million. Betfair rejected a preliminary takeover approach from private equity firm CVC Capital Partners Limited in May that was reportedly worth £911.7 million and revealed annual reported earnings before interest, tax, depreciation and amortisation of 51.2 million, which represented a drop of some 39 percent year-on-year. London-based Betfair declared an annual loss from continuing operations of £49.4 million, which is down…

From iGaming Business In the UK, betting exchange and online casino operator Betfair has announced that the nation’s Court of Appeal has unanimously found in its favour regarding a judicial review instigated by rival William Hill over an earlier High Court of Justice ruling. William Hill had instigated the original action in September of 2011 in hopes of making customers of Betfair and other betting exchange operators subject to payment of the Horserace Betting Levy, which ran counter to an earlier consultation undertaken by the Horserace Betting Levy Board. Betfair subsequently won this case, which was something Martin Cruddace, Corporate…