TVG: Record Handle for First Quarter

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(Edited press release)

TVG processed $108.8 million in total wagering during the first quarter of 2008, the highest first quarter total in the company’s history and a 32% increase over the first quarter of 2007.

The significant increase in TVG’s wagering business came during a quarter when overall wagering on United States horseracing declined 3.1%.

“During the first quarter, our core wagering business prospered in an extremely difficult business environment for the entire horseracing industry, including other ADW providers, which is very encouraging,” said David Nathanson, general manager of TVG.

TVG’s cable and satellite television distribution increased 47% year-over-year to 30 million U.S. households, Nathanson added.

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