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Thread: 4NJbets news...
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Old 02-20-2013, 10:43 PM   #21
Rutgers
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Join Date: Jun 2009
Location: The State of Rutgers
Posts: 306
Quote:
Originally Posted by Pacingguy

For the record, Scientific Games, the current operator of 4NJBets is not a NJ company as is Betfair (TVG). The contract was up for renewal and TVG won. It is important to note that Betfair has a platform they can use for Exchange wagering so that may have been one of the reasons why they won it.
Scientific Games is now Sportech. They are the platform operator for 4NJbets, they are not the actual bet taker. New Jersey Account Wagering is. NJAW is a partnership of NJSEA and PennWood racing. (which is now more complicated then that because of the leases with MP and the Big M). Sportech, a non-NJ entity, is basically providing a service to NJAW, which is a NJ entity.

So my question is, is TVG replacing Sportech as the platform operator for NJAW or is it replacing NJAW was the ADW in NJ?

If TVG does become just the platform operator and not the ADW itself, NJAW will (or should) determine any fees and/or rewards, not TVG.
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