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David Yu
Betfair is a British gambling company founded in 2000. Its product offering includes betting exchange, sports betting, online casino, online poker, and online bingo. Business operations are led from its headquarters in London, alongside satellite offices in Ceuta, Dublin, Leeds, and Malta. In February 2016, Betfair merged with Paddy Power to create Flutter Entertainment. History The company was founded in June 2000, by Andrew Black and Edward Wray. Softbank purchased 23% of Betfair in early April 2006, valuing the company at £1.5 billion. In December 2006, Betfair completed the purchase of the horseracing publishing company Timeform (which traded under the name Portway Press Ltd). Betfair was the first betting company to sponsor an English football team, featuring on the kit of Fulham in the 2002–03 season before the Gambling Act 2005 prohibited the industry from advertising on television and radio. In March 2007, Betfair launched its own Betfair Radio service, available ...
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Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct Commercial law, legal entities for the purposes of taxation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it. The ''Houston Chronicle'' highlighted that the creation of a division "is substantially easier than developing subsidiaries. Because a division is an internal segment of a company, not an entirely separate enti ...
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Softbank
is a Japanese multinational Investment company, investment holding company headquartered in Minato, Tokyo, that focuses on investment management. The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation. With over $100 billion in capital at its onset, SoftBank's SoftBank Vision Fund, Vision Fund is the world's largest technology-focused venture capital fund. Fund investors included sovereign wealth funds from countries in the Middle East. The company is known for the leadership of its controversial founder and largest shareholder Masayoshi Son. Its investee companies, subsidiaries and divisions, including several unprofitable Unicorn (finance), unicorns, operate in robotics, artificial intelligence, software, logistics, transportation, biotechnology, robotic process automation, Property technology, proptech, real estate, hospitality, broadband, f ...
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The Daily Telegraph
''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a British daily broadsheet conservative newspaper published in London by Telegraph Media Group and distributed in the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as ''The Daily Telegraph and Courier''. ''The Telegraph'' is considered a newspaper of record in the UK. The paper's motto, "Was, is, and will be", was included in its emblem which was used for over a century starting in 1858. In 2013, ''The Daily Telegraph'' and ''The Sunday Telegraph'', which started in 1961, were merged, although the latter retains its own editor. It is politically conservative and supports the Conservative Party (UK), Conservative Party. It was moderately Liberalism, liberal politically before the late 1870s.Dictionary of Nineteenth Century Journalismp 159 ''The Telegraph'' has had a number of news scoops, including the outbreak of World War II by rookie reporter Clare Hollingworth, desc ...
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Racing Post
''Racing Post'' is a British daily horse racing, greyhound racing, and sports betting publisher published in print and digital formats. It is printed in tabloid format from Monday to Sunday. , it has an average daily circulation of 60,629 copies. History Launched on 15 April 1986, the ''Racing Post'' is a daily national print and digital publisher specializing in the British horse racing industry, horse racing, greyhound racing, and sports betting. The paper was founded by UAE (United Arab Emirates) Prime Minister and Sheikh of Dubai Sheikh Mohammed bin Rashid Al Maktoum, a racehorse owner, and edited by Graham Rock, who was replaced by Michael Harris in 1988. In 1998, Sheikh Mohammed sold the license for the paper to Trinity Mirror, owners of '' The Sporting Life'' for £1, although Sheikh Mohammed still retains ownership of the paper's name, and Trinity Mirror donated £10 million to four horse racing charities as a condition of the transfer. In 2007, Trinity ...
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Fixed-odds Betting
Fixed-odds betting is a form of gambling where individuals place bets on the outcome of an event, such as sports matches or horse races, at predetermined odds. In fixed-odds betting, the odds are fixed and determined at the time of placing the bet. These odds reflect the likelihood of a particular outcome occurring. If the bettor's prediction is correct, they receive a payout based on the fixed odds. This means that the potential winnings are known at the time of placing the bet, regardless of any changes in the odds leading up to the event. Fixed-odds gambling involves placing bets on events with predetermined odds. Bookmakers aim to create an overground, where the sum of probabilities quoted for all possible outcomes exceeds 100%, ensuring profit. Imbalanced books can occur, leading to higher or lower payouts than expected. The advent of the internet and betting exchanges has led to opportunities for fixed-odds arbitrage actions and Dutch books. When a bet has a positive expec ...
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Gibraltar
Gibraltar ( , ) is a British Overseas Territories, British Overseas Territory and British overseas cities, city located at the southern tip of the Iberian Peninsula, on the Bay of Gibraltar, near the exit of the Mediterranean Sea into the Atlantic Ocean (Strait of Gibraltar). It has an area of and is Gibraltar–Spain border, bordered to the north by Spain (Campo de Gibraltar). The landscape is dominated by the Rock of Gibraltar, at the foot of which is a densely populated town area. Gibraltar is home to some 34,003 people, primarily Gibraltarians. Gibraltar was founded as a permanent watchtower by the Almohad Caliphate, Almohads in 1160. It switched control between the Nasrids, Crown of Castile, Castilians and Marinids in the Late Middle Ages, acquiring larger strategic clout upon the destruction of nearby Algeciras . It became again part of the Crown of Castile in 1462. In 1704, Anglo-Dutch forces Capture of Gibraltar, captured Gibraltar from Spain during the War of the S ...
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Stock Symbol
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock or security on a particular stock exchange. Ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) which provide a shorthand for investors to refer to, purchase, and research securities. Some exchanges include ticker extensions, which encode additional information such as share class, bankruptcy status, or voting rights into the ticker. The first ticker symbol was used in 1867, following the invention of the ticker tape machine by Edward Calahan. It was used to identify shares of the Union Pacific Railroad Company. Interpreting the symbol Stock symbols are unique identifiers assigned to each security traded on a particular market. A stock symbol can consist of letters, numbers, or a combination of both, and is a way to uniquely identify that stock. The symbols were kept as short as possible to reduce the number of char ...
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London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral. Since 2007, it has been part of the London Stock Exchange Group (LSEG, which the exchange also lists (ticker symbol LSEG)). Despite a post-Brexit exodus of stock listings from the LSE, it was the most valued stock exchange in Europe as of 2023. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to a 2020 Financial Conduct Authority report, approximately 15% of British adults reported having investments in stocks and shares. History Coffee House The Royal Exchange, London, Royal Exchange had been founded by the English financier Thomas Gresham and Sir Richard Clough on the model of the The Belgian bourse of Antwerp, An ...
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New York Racing Association
The New York Racing Association, Inc. (NYRA) is the not-for-profit corporation that operates the three largest thoroughbred horse racing tracks in the state of New York (state), New York, United States: Aqueduct Racetrack in South Ozone Park, Queens; Belmont Park in Elmont, New York, Elmont; and Saratoga Race Course in Saratoga Springs, New York, Saratoga Springs. Racing at NYRA tracks is year-round, operating at Belmont Park from May to mid-July and from September through October; at Saratoga Race Course from mid-July through Labor Day; and at Aqueduct from November through April. The New York Racing Association is the successor to the Greater New York Association, a non-profit racing association created in 1955. NYRA is separate from the governing body that oversees racing in New York, currently the New York State Gaming Commission. History In 1913, racing returned to New York after a hiatus due to the Hart–Agnew Law. Only four tracks had survived the hiatus. These were Aq ...
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TV Guide (magazine)
''TV Guide'' is an American biweekly magazine that provides television program listings information as well as television-related news, celebrity interviews and gossip, film reviews, crossword puzzles, and, in some issues, horoscopes. The print magazine's operating company, TV Guide Magazine LLC, is owned by NTVB Media since 2015. The magazine was spun off from TV Guide in 2008 by then-owner Macrovision to OpenGate Capital for $1 and a $9.5 million loan. ''TV Guide Magazine'' has a license to use the TV Guide name and distinctive red and white logo in print publications only; it is prohibited from using the branding or logo online. While the TV Guide trademark and other intellectual property is owned by Fandom, Inc., the ''TV Guide'' name and editorial content from the magazine are licensed by Fandom for use on the magazine's promotional website and mobile app. History Prototype The prototype of what would become ''TV Guide'' magazine was developed by Lee Wagner (1910–1993 ...
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Macrovision
TiVo Corporation, formerly known as the Rovi Corporation and Macrovision Solutions Corporation, was an American technology company headquartered in San Jose, California. Now operating as Xperi, the company is primarily involved in licensing its intellectual property within the consumer electronics industry, including digital rights management, electronic program guide software, and metadata. The company holds over 6,000 pending and registered patents. The company also provides analytics and recommendation platforms for the video industry. In 2016, Rovi acquired digital video recorder maker TiVo Inc., and renamed itself TiVo Corporation. On May 30, 2019, TiVo announced the appointment of Dave Shull as the company's new president and CEO. On December 19, 2019, TiVo merged with Xperi; the combined firm operates as Xperi. History Macrovision Corporation was established in 1983 by Victor Farrow and John O. Ryan. The 1984 film '' The Cotton Club'' was the first video to be en ...
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TVG Network
FanDuel TV (formerly TVG) is an American sports betting-oriented digital cable and satellite television network owned by FanDuel Group, the U.S. subsidiary of Irish bookmaker Flutter Entertainment. It primarily airs live coverage of U.S. and international horse racing, as well as studio shows focused on mainstream sports from the perspective of sports betting. The network was originally established as TVG, which primarily focused on horse racing. In 2008, the network was sold to Betfair. It acquired its main competitor, HRTV, in 2015; the network was renamed TVG2 in October of that year. In 2018, the channel began to add studio programs devoted to mainstream sports from the perspective of sports betting. In 2022, the network was relaunched as FanDuel TV, which expands upon this programming strategy and began forays into live sports coverage outside of horse racing. The TVG brand continues to be used for the network's wagering platform. History TVG (1999–2022) FanDuel TV ...
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