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CDI Plans to Acquire Youbet.com for $126.8M

CDI Plans to Acquire Youbet.com for $126.8M

Churchill Downs Inc. is expanding its presence in the advance deposit wagering market with the purchase of Youbet.com for $126.8 million. United Tote is included in the proposed deal.

 Wednesday, November 11, 2009

Haden to Replace True as United Tote Chief

Dawn Haden will replace Jeff True as president of United Tote, parent company Youbet.com has announced.

 Tuesday, October 06, 2009
Youbet.com: Handle Up, Net Income Down

Youbet.com: Handle Up, Net Income Down

Youbet.com reported Aug. 12 a 3% increase in revenue for the second quarter of 2009 but a 27.9% decrease in net income.

 Thursday, August 13, 2009
Youbet Looking Beyond Racing for Growth

Youbet Looking Beyond Racing for Growth

Flush off a quarter in which it saw increased handle and profit, Youbet.com said May 13 it would look at possibly establishing a presence in another country in an effort to expand its wagering offerings beyond horse racing.

 Wednesday, May 13, 2009
Impairment Hits Youbet Bottom-Line

Impairment Hits Youbet Bottom-Line

Youbet.com reported a loss of $4.5 million for 2008, fueled by an $11.2 million fourth-quarter impairment charge for subsidiary United Tote, the company reported March 5.

 Thursday, March 05, 2009
Goldberg Named COO at Youbet.com

Goldberg Named COO at Youbet.com

Youbet.com has named David Goldberg chief operating officer, the company announced Nov. 3.

 Monday, November 03, 2008