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Formula One agrees $100 million deal to add in-race betting and gambling partners

he cars wait to go out in the Pitlane during qualifying for the Australian Formula One Grand Prix. Liberty Media purchased F1 for $8 billion in 2016. Previous F1 boss Bernie Ecclestone was thought to have been against gambling associations. Formula One has announced a sponsorship and data rights deal with sports marketing company Interregional Sports Group (ISG) that it said will enable the development of live in-play betting at Grand Prix. "As part of the deal, ISG will have the right to sub-licence betting partnership rights to select betting brands around the world, subject to regulations," F1 said in a statement Tuesday, without providing full financial details. Mark Thompson | Getty Images Sport | Getty Images he cars wait to go out in the Pitlane during qualifying for the Australian Formula One Grand Prix. It said that would include regionalized, branded onscreen graphics, physical and virtual trackside signage, and other forms of integration across F1's digital and social platforms. "Data and sponsorship partnerships like this are common practice across almost all premium sports and this is the latest step in our mission to make Formula One the world's leading sports entertainment experience," Sean Bratches, F1's managing director of commercial operations, said. Liberty Media, which purchased F1 from Bernie Ecclestone in 2016, has touted gambling partnerships as potential revenue streams since its takeover. However, Ecclestone said at the time he was hesitant about what that would do for the brand's image.

For the original version including any supplementary images or video, visit https://www.cnbc.com/2018/09/18/formula-one-agrees-100-million-deal-to-add-in-race-betting-and-gambling-partners.html

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Maine High Court May Take On Indian Gambling Question

Revenue generated by the casino would be put back into the community, providing vital funding for social services and related programs, according to the text of the order. "We are a regional community," Bear said in a statement on the passing of the order in August. "When one of us does well, we all do well. These shared tribal casino funds will allow our community to operate critical government programs and services, rebuild crumbling infrastructure, bolster our schools and support facilities that care for our elderly neighbors and provide fire protection and safety. This casino should not be built to benefit an individual; rather, it should create shared economic prosperity.

For the original version including any supplementary images or video, visit https://www.law360.com/articles/1084252/maine-high-court-may-take-on-indian-gambling-question

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