Churchill Downs Inc., which announced Nov. 11 plans to purchase Youbet.com and its United Tote subsidiary for about $126.8 million, is on the lookout for other prospective purchases in the area of Internet wagering.
Friday, November 13, 2009
Several advance deposit wagering entities posted increased handle through the Oregon hub system in the second quarter of the year, despite an overall national decline blamed primarily on a revenue-sharing dispute between horsemen's groups and various tracks.
Tuesday, August 12, 2008
Wagering through the Oregon Racing Commission hub system jumped 17.4% in 2007, according to data compiled by the state regulatory agency.
Thursday, April 03, 2008
The parent company of TVG Network reported the horse racing television channel realized a 10% increase in wagers processed for 2007, but saw overall revenues decline slightly for the year.
Friday, February 15, 2008
The Kentucky racetrack cited the loss of two major outlets as the problem.
Thursday, January 03, 2008
Fueled by a record total from TVG, wagers handled through Oregon hubs jumped 19.7% for the third quarter of 2007, according to data released by the state's racing commission.
Monday, November 19, 2007
International Racing Group and parent company Youbet.com are facing a Nov. 12 deadline in regards to IRG's license to operate a wagering hub in Oregon, and basically have two avenues to pursue for continued operation there.
Thursday, November 01, 2007
Churchill Downs Inc. has acquired certain assets of AmericaTAB, Bloodstock Research Information Services, and the Thoroughbred Sports Network, but officials with the Louisville, Ky.-based company said it will be business as usual at the outset.
Tuesday, June 12, 2007
Youbet.com won't be offering Derby wagering this year, but its customers will have a shot at $1 million in a contest tied to the two marquee races at Churchill Downs this Friday and Saturday.
Wednesday, May 02, 2007
MTR Gaming Group has launched an online account wagering service called RacelineBet.com, which is affiliated with AmericaATB.
Tuesday, May 01, 2007
Youbet.com announced Monday that it is at an impasse in negotiations with TrackNet Media that could result in the online wagering company being unable to take bets on this year's Kentucky Derby Presented by Yum! Brands (gr. I).
Monday, April 23, 2007
A decision by the AmericaTAB account wagering consortium to join TrackNet Media Group is a sign of support for efforts by Churchill Downs Inc. and Magna Entertainment Corp. to end exclusive contracts, an official said.
Friday, April 20, 2007
TrackNet Media Group will be a content provider for AmericaTAB under an agreement announced April 18.
Thursday, April 19, 2007
WinTicket.com has added live video-streaming to its mobile Web site, which means users can watch races on mobile devices.
Wednesday, January 17, 2007
Hawthorne Race Course, which opens for live racing Sept. 15, and TVG have ended their exclusive contract, which led the Illinois track to strike deals with Youbet.com and XpressBet to offer wagering on its signal.
Friday, September 15, 2006
Churchill Downs Inc. exercised its contractual rights in regard to an account wagering dispute in Illinois by revoking permission for TVG sub-licensees to take bets on the Arlington Park signal, a company official said a day after the Arlington meet ended. Meanwhile, it remains unclear whether the Hawthorne Race Course signal would be available through TVG or other account wagering outlets.
Wednesday, September 13, 2006
McKay Smith, formerly director of product development for the National Thoroughbred Racing Association and Breeders' Cup, has joined AmericaTab as senior director of marketing.
Wednesday, August 30, 2006
Ronald Cote of Middletown, Delaware finished first in the second annual "Handicapping Open" sponsored by AmericaTab.
Friday, August 11, 2006
Racetracks and horsemen in Ohio have signed an agreement that allows River Downs to offer its signal to account-wagering services effective Sept. 2, a track official said.
Friday, September 02, 2005
Racetracks and Thoroughbred horsemen in Ohio remain in a stalemate that has removed the River Downs live signal from all account-wagering services, including one in which the track has ownership.
Wednesday, August 24, 2005
The Ohio Horsemen's Benevolent and Protective Association has approved the transmission of Thoroughbred signals from Ohio to the TV Games Network and XpressBet, and also approved the sending of the signal from Thistledown to Youbet.com. However, it has failed strike a deal with AmericaTAB, the account-wagering company owned by Ohio interests.
Tuesday, August 09, 2005
North American racetracks hosting lemonade stands on Belmont Stakes Day collectively raised more than $114,000 to benefit Alex's Lemonade Stand For Pediatric Cancer Research, the charity founded by Alexandra "Alex" Scott in 2000.
Sunday, June 12, 2005
The North American racetracks hosting lemonade stands on Belmont Stakes Day collectively raised more than $114,000 to benefit Alex's Lemonade Stand for Pediatric Cancer Research, the charity founded by Alexandra "Alex" Scott in 2000. The figure is expected to increase as nine tracks are yet to report their figures and others are finalizing exact amounts.
Sunday, June 12, 2005
Support for Alex's Lemonade Stand continued to grow June 3 with the announcement that more racetracks in North America--even an account wagering service--had committed to host stands June 11, the day of the Belmont Stakes (gr. I).
Friday, June 03, 2005
The Thoroughbred industry is lining up legal assistance in its effort to understand the ramifications of a World Trade Organization Appellate Body ruling that calls into question the fairness of the Interstate Horseracing Act of 1978.
Wednesday, May 04, 2005
Five account-wagering hubs in Oregon handled a total of $883 million last year, up about 6% from the 2003 figure. Meanwhile, fourth-quarter handle for 2004 was down slightly from the same period in 2003, according to Oregon Racing Commission statistics.
Friday, March 04, 2005
The second annual AmericaTab "Road to the Derby" handicapping contest is set to begin Saturday with the running of the $100,000 Southwest Stakes from Oaklawn Park.
Friday, February 18, 2005
Prairie Meadows cannot receive payments from services that take Internet or telephone wagers from Iowa residents, according to an Iowa attorney general's opinion.
Tuesday, February 01, 2005
Youbet.com and AmericaTab, two online wagering companies, will again be able to offer races from all Magna Entertainment Corp.-owned racetracks under agreements announced Dec. 23.
Thursday, December 23, 2004
AmericaTab followed the success of its first Players' Pool on the Breeders' Cup Ultra Pick 6 with its second hit in a month. Bettors had one winning pick six ticket and 28 consolation tickets Nov. 28 at Hollywood Park.
Wednesday, December 01, 2004
The first-ever national Breeders' Cup Ultra Pick 6 "Players' Pool" introduced by AmericaTab produced five winning tickets that paid a total of $280,748.
Monday, November 01, 2004
The five account wagering hubs in Oregon handled $179,546,773 in the first quarter of 2004, up 13.16% from the first quarter of 2003. Several of the companies had record first quarters.
Friday, May 07, 2004
Not near a racetrack or OTB? Want to bet the Preakness? Then you'll need to open an account with XpressBet, the wagering platform of Pimlico Race Course owner Magna Entertainment Corp.
Tuesday, May 04, 2004
Five account-wagering hubs in Oregon handled $226.97 million in the fourth quarter of 2003, up $75.72 million from the same period in 2002, according to Oregon Racing Commission statistics.
Tuesday, March 23, 2004
The Ohio Horsemen's Benevolent and Protective Association and Beulah Park have struck a deal on revenue splits for account wagering, but the chief negotiator for the horsemen's group called it a big-picture issue that needs attention and leadership on the national level.
Monday, March 08, 2004
The president of a growing account wagering service said handle declines at major winter meets aren't good for racing, and he suggested it's time for a "fragmented industry" to move forward in the best interests of its customers, racetracks, and horsemen.
Monday, March 08, 2004
Handle through the AmericaTab family of account-wagering services was up almost 90% the first six days of January even though the services weren't permitted to offer betting on Magna Entertainment Corp. racetracks, including premier meets at Gulfstream Park and Santa Anita Park.
Wednesday, January 07, 2004
Handle through the AmericaTab family of account-wagering services was up almost 90% the first six days of January even though the services weren't permitted to offer betting on Magna Entertainment Corp. racetracks, including premier meets at Gulfstream Park and Santa Anita Park.
Wednesday, January 07, 2004
Youbet.com said Dec. 30 it hopes to strike a deal with Magna Entertainment Corp. to offer wagering on all the company's racetracks.
Wednesday, December 31, 2003
Youbet.com said Dec. 30 it hopes to strike a deal with Magna Entertainment Corp. to offer wagering on all the company's racetracks.
Wednesday, December 31, 2003
AmericaTab has launched a new wireless wagering service that will be offered free to customers with any affiliate account. AmericaTab has launched the product with its "On the Go" label.
Wednesday, December 31, 2003
Online wagering company AmericaTab announced Friday its latest affiliate with the launch of tBet.com, owned and operated by Times: standard inc.
Friday, October 17, 2003
AmericaTab reported a record month for total handle in May and broke a single-day handle record on Kentucky Derby Day (May 3).
Wednesday, June 04, 2003
HipodromoEnLinea.com, designed to bring online pari-mutuel wagering to Spanish-speaking people in the United States, has joined the list of affiliates in the AmericaTab program.
Wednesday, May 28, 2003
AmericaTab and its affiliates set a one-month handle record in March with $8.3 million in wagers, the company reported April 10. It was the second consecutive month of record-breaking handle.
Thursday, April 10, 2003
An eight-hour power outage Sept. 14 shut down an Oregon wagering hub and cost three online wagering services about $100,000 in handle.
Tuesday, September 17, 2002
TV Games Network and AmericaTAB have signed a patent license and content agreement that allows AmericaTAB to accept wagers on TVG's exclusive partner tracks, and implement TVG technology.
Tuesday, May 07, 2002
Youbet.com, the online horse racing and wagering service, is being sued by a Kentucky racing information company for allegedly failing to pay an estimated $80,000 in royalties.
Thursday, March 28, 2002
The majority owner of a growing account-wagering service based in Ohio said exclusive contracts that govern betting could cripple the pari-mutuel industry at a time when it is poised for explosive growth. The comments came on the heels of a spirited debate between the TV Games Network and Magna Entertainment over exclusivity, an issue that won't go away.
Friday, December 21, 2001
AmericaTab, an online wagering company owned by two Ohio racetracks -- Beulah Park and River Downs -- has added Northfield Park to its stable. The northern Ohio harness track has been approved as an equity partner in AmericaTab by the Oregon Racing Commission.
Wednesday, November 21, 2001
