Posted: Feb. 7, 2017
Betfair US/TVG, which operates a national advance deposit wagering system and provides ADW, exchange wagering, and online casino services in New Jersey, has joined the National Thoroughbred Racing Association with Chief Executive Officer Kip Levin as its representative on the board of directors.
The NTRA board will vote to ratify Levin’s appointment at its meeting in April.
“The NTRA has done exceptional work advocating on behalf of its stakeholders, including tracks, horsemen and horseplayers, the most recent example being the great work it has done in support of modernizing IRS rules to the industry’s benefit,” Levin said in a statement. “I look forward to working with the NTRA board on programs and policies that bolster the overall economic health of the Thoroughbred racing industry and to further exploring how TVG can continue to support the racing industry as a whole.”
“The perspective of one of the world’s largest gaming operators and its national television network will be a welcome addition to our board of directors,” NTRA President and CEO Alex Waldrop said. “We expect that Kip and his years of expertise will be great assets as we continue to identify ways to best serve the Thoroughbred racing industry.”
Levin has been CEO of Betfair US and TVG since May 2014, responsible for leading and managing all aspects of United States business operations, including the television network and wagering businesses. Levin was part of TVG’s acquisition of and merger with HRTV to form TVG2, the growth of Betfair’s legal U.S. online casino, and the U.S. launch of Betfair’s exchange wagering platform in New Jersey.
New Jersey currently is the only state with an active exchange wagering platform. The New Jersey Thoroughbred Horsemen’s Association, through its lease of Monmouth Park, was instrumental in the push for exchange wagering; Monmouth is represented on the NTRA board by Dennis Drazin, the lead adviser for Darby Development, the horsemen’s racetrack operating company.
The Thoroughbred Horsemen’s Association is represented on the NTRA board by THA Chairman Alan Foreman.
Other NTRA board members are Reynolds Bell (Thoroughbred Owners and Breeders Association), Robert Clay (The Jockey Club), Craig Dado (Del Mar Thoroughbred Club), Greg Avioli (Thoroughbred Owners of California), Craig Fravel (Breeders’ Cup), Chris Kay (New York Racing Association), Mike Rogers (The Stronach Group), William Thomason (Keeneland), Judy Wagner (Horseplayers’ Representative), Waldrop, and Scott Wells (Thoroughbred Racing Associations).