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CDI Completes Merger with Youbet.com

CDI Completes Merger with Youbet.com

Churchill Downs Inc. announced June 2 that it has completed its merger with Youbet.com.

 Wednesday, June 02, 2010
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

Youbet Reports Rise in Net Income

After turning over a new leaf in management, Youbet.com's net income for the third quarter of 2008 experienced a significant increase in profit from the year before.

 Thursday, November 06, 2008
Youbet Focus of Potential Takeover?

Youbet Focus of Potential Takeover?

A public equity investment firm managed by the president and chief executive officer of Youbet.com is considering several options for the online wagering and tote company, including a potential takeover, according to a recent filing with the Securities and Exchange Commission.

 Monday, October 13, 2008
Youbet Examining Possible TVG Deal

Youbet Examining Possible TVG Deal

Youbet.com, during an Aug. 5 conference call in which it reported a profit for the second straight quarter, said it is evaluating the effects of a possible merger with TVG.

 Tuesday, August 05, 2008
Youbet: 2007 Loss Now $28.4 Million

Youbet: 2007 Loss Now $28.4 Million

Youbet.com has restated its earnings for 2007 due to a recalculation of an earn-out payment to the former owners of defunct subsidiary International Racing Group, increasing its annual loss for the year to $28.4 million.

 Friday, July 11, 2008
Youbet Regains NASDAQ Compliance

Youbet Regains NASDAQ Compliance

Youbet.com announced May 21 it had regained compliance with NASDAQ trading requirements after its stock price traded above $1 for 10 consecutive business days.

 Wednesday, May 21, 2008
Youbet Focusing on the Future

Youbet Focusing on the Future

Youbet.com put the memory of its association with former subsidiary International Racing Group in its rear-view mirror during a May 6 conference call where it reported a net income of $774,000 for the first quarter of 2008.

 Tuesday, May 06, 2008