{"id":116,"date":"2018-11-13T00:00:00","date_gmt":"2018-11-13T00:00:00","guid":{"rendered":"https:\/\/gbc.ng\/chase-carey-responsibility-must-drive-f1-betting-partnerships\/"},"modified":"2018-11-13T00:00:00","modified_gmt":"2018-11-13T00:00:00","slug":"chase-carey-responsibility-must-drive-f1-betting-partnerships","status":"publish","type":"post","link":"https:\/\/gbc.ng\/index.php\/chase-carey-responsibility-must-drive-f1-betting-partnerships\/","title":{"rendered":"CHASE CAREY \u2013 RESPONSIBILITY MUST DRIVE F1 BETTING PARTNERSHIPS"},"content":{"rendered":"<p><strong>Chase Carey<\/strong>, President &amp; Executive Chairman of\u00a0<strong>Formula 1<\/strong>, has personally backed the sport\u2019s decision to align itself with sports betting.<\/p>\n<p>Updating stakeholders, Carey insists that F1 governance will monitor wagering activities and sanctioned bookmaker marketing, stating that betting on F1 will be undertaken in a\u00a0<em>\u2018responsible manner\u2019.<\/em><\/p>\n<p>\u201cWith betting obviously we have responsibilities that go with it,\u201d Carey detailed to F1 investors.\u201dWe want to make sure it\u2019s done in a healthy way, we want to make sure it\u2019s done with proper integrity tools around it.\u201d<\/p>\n<p>Carey\u2019s makes his statement, as F1 strategic partner\u00a0<strong>Interregional Sports Group (ISG)<\/strong>\u00a0last week launched its\u00a0first commercial partnership packages\u00a0for betting incumbents.<\/p>\n<p>Working in partnership with Sportradar as data lead and distributor, F1 will begin to expand its in-play betting capacities, a move Carey believes will broaden F1\u2019s appeal to wider audiences.<\/p>\n<p>\u201cI think that type of engagement in a sport widens its appeal to others, it makes the experience better, and obviously it\u2019s business opportunities for us,\u201d he added.<\/p>\n<p>Leading Formula 1, the world\u2019s most followed motorsport format, Carey outlined that commercial partnerships with bookmaker would have to adhere to strict responsibility codes.<\/p>\n<p>He said: \u201cI think we have to make sure we have integrity and disciplines around to make sure that with anything one bets on there is a proper oversight, and it\u2019s properly policed and maintained.\u201d<\/p>\n<p>Closing his address, Carey confirmed that F1 will have no revenue share attached to betting activities, stating that commercial tie-ups were should be kept as \u201cstraight sponsorship deals\u201d.<\/p>\n<p>\u201cWe are not in the betting business,\u201d he concluded. \u201cThe sports is more engaged with opportunities to bet and promoting the betting aspect of it, but we\u2019re not in the gambling or betting business<\/p>\n<p class=\"author__bio\" itemprop=\"description\">\n<p class=\"comment-form-comment\"><label class=\"show-on-ie8\" for=\"comment\">Comment<\/label><br \/>\n<textarea aria-required=\"true\" cols=\"45\" id=\"comment\" name=\"comment\" placeholder=\"Message\" rows=\"8\"><\/textarea><\/p>\n<p class=\"comment-form-author\"><label class=\"show-on-ie8\" for=\"author\">Name<\/label><input aria-required=\"true\" id=\"author\" name=\"author\" placeholder=\"Name...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-email\"><label class=\"show-on-ie8\" for=\"name\">Email<\/label><input aria-required=\"true\" id=\"email\" name=\"email\" placeholder=\"Email...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-url\"><label class=\"show-on-ie8\" for=\"url\">Url<\/label><input id=\"url\" name=\"url\" placeholder=\"Website...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-cookies-consent\"><input id=\"wp-comment-cookies-consent\" name=\"wp-comment-cookies-consent\" type=\"checkbox\" value=\"yes\"\/> <label for=\"wp-comment-cookies-consent\">Save my name, email, and website in this browser for the next time I comment.<\/label><\/p>\n<p class=\"form-submit\"><input class=\"submit\" id=\"comment-submit\" name=\"submit\" type=\"submit\" value=\"Send\"\/> <input id=\"comment_post_ID\" name=\"comment_post_ID\" type=\"hidden\" value=\"2060\"\/> <input id=\"comment_parent\" name=\"comment_parent\" type=\"hidden\" value=\"0\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chase Carey, President &amp; Executive Chairman of\u00a0Formula 1, has personally backed the sport\u2019s decision to align itself with sports betting. Updating stakeholders, Carey insists that F1 governance will monitor wagering activities and sanctioned bookmaker marketing, stating that betting on F1&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,6,2,3],"tags":[],"class_list":["post-116","post","type-post","status-publish","format-standard","hentry","category-america","category-asia","category-europe","category-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CHASE CAREY \u2013 RESPONSIBILITY MUST DRIVE F1 BETTING PARTNERSHIPS - GBC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc.ng\/index.php\/chase-carey-responsibility-must-drive-f1-betting-partnerships\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CHASE CAREY \u2013 RESPONSIBILITY MUST DRIVE F1 BETTING PARTNERSHIPS - GBC\" \/>\n<meta property=\"og:description\" content=\"Chase Carey, President &amp; Executive Chairman of\u00a0Formula 1, has personally backed the sport\u2019s decision to align itself with sports betting. 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