Betfair signs sponsorship agreement with Newbury

Betfair online gambling company has made a sponsorship agreement in February, for the giant National Hunt Meeting of Newbury.

The event brings forward one of the richest handicap hurdle race in Europe, which offers the prize money raised to 152,000.

The initial name of the race was Totesport Trophy, presently running under the name of Betfair Hurdle Race, according to the agreement which is signed for at least three years.

Betfair has also announced the sponsorship of coverage of RTE’s horseracing for the entire year 2012.

RTE has broadcasted on television 23 days of racing in Ireland and holds well-known festivals such as Leopardstown, Punchestown, Royal Ascot and Cheltenham.

As Betfair’s spokesman Barry Orr stated, Betfair is glad to be a part of RTE Sports for sponsorship of the media coverage. As one of the long time supporters of racing in Ireland, Betfair’s investment will be an important factor in securing the coverage of all races and sports in RTE.