Chuck Champion

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IRG a Hot Topic During Youbet Call

IRG a Hot Topic During Youbet Call

Youbet.com reported a decline in overall handle and increase in total revenue for the third quarter of 2007, but a related earnings conference call with analysts Nov. 7 was punctuated by discussion of the federal investigation involving the company's off-shore entity, International Racing Group.

Youbet.com Says CDI-MEC Partnership a Positive

Account wagering provider Youbet.com said it applauds the partnership between Churchill Downs Inc. and Magna Entertainment Corp. because it should assist in wagering growth.

Youbet .com Reports Strong Gain in Net Income

On the heels of increased revenue growth from International Racing Group, Youbet.com reported a record second-quarter net income of $2.2 million for the period that ended June 30. The figure is up from $1.3 million in the second quarter of 2005.

RCI Integrity Services: Taking the Lead

The Racing Commissioners International (RCI) is taking an industry leading position with their subsidiary RCI Integrity Services. The push forward was made during the 72nd annual convention of the RCI that is taking place at the Hyatt Regency Tamaya Resort near Albuquerque, N.M.

Youbet Chairman Discusses Launch of Youbet.net

Chuck Champion, president and CEO of Youbet.com discussed the launch of a new Web site, Youbet.net, Wednesday afternoon during the annual convention of the Association of Racing Commissioners International. Youbet.net will be a learning site for new players to learn more about pari-mutuel wagering.

Youbet.com Continues to Ride Growth Trend

Youbet.com, the online wagering company based in California, continued its growth trend in the third quarter of 2004 with income of $791,085, compared with a loss of $617,853 for the same period in 2003.

Youbet.com Turns Profitable in First Quarter

Youbet.com turned a profit for the first time in its history during the first quarter of 2004. The account-wagering company, which lost $1.2 million during the first quarter of 2003, had a net profit of $15,111 during this year's corresponding session.

Youbet Continues Strong Performance in Fourth Quarter

Youbet.com reported Thursday the fourth quarter of 2003 provided the eight straight quarter of net revenue growth for the company, though it continues to operate at a loss. Youbet also generated year-over-year increases in handle, net revenue, and earnings before taxes, depreciation, and amortization (EBITDA).

Another Strong Quarter for Youbet

Youbet.comcontinued strong gains in its online horse race wagering business during the third quarter of 2003, marking the sixth consecutive quarter in which the company has produced net revenue growth. Youbet also said it substantially increased operating capacity during the quarter.

Youbet Ready to Add Wireless Wagering

Youbet.com is poised to launch portable betting in the fourth quarter of 2003 through wireless technology such as java-enabled cell phones and handheld personal computers.

Youbet Settles Wood Trifecta Dispute

Youbet.com will award "promotional credits" to settle a dispute with players who had winning trifecta bets from the April 12 Wood Memorial deducted from their accounts due to a tote system snafu.

Youbet.com Cuts Losses During Third Quarter

A record $46.3 million was wagered through Youbet.com Inc. during the third quarter ended September 30, helping to narrow the online wagering company's overall losses to $2.1 million.

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