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Youbet.com today announced the opening of its new Oregon wagering hub. The new hub allows Youbet.com customers access to racetracks previously available only through the TV Games Network. Along with the new hub, Youbet has adjusted its price. The service now charges a fee per transaction instead of a monthly fee.
Thursday, August 30, 2001The Oregon wagering hub first operated by NTRA Services and now in the hands of the TV Games Network handled $13,033,508 for the second quarter of this year, more than double the first-quarter handle and by far its best three months ever.
Tuesday, August 07, 2001Youbet.com will begin taking bets through its new Oregon wagering hub in August, a month earlier than expected. Once the hub is operating, customer can beginning wagering on racetracks once offered exclusively through the TV Games Network. Youbet.com is anticipating significantly higher revenue by the first quarter of next year.
Thursday, July 26, 2001The Oregon Racing Commission on Friday approved an application by the TV Games Network for to operate a wagering hub. Currently, TVG wagers run through a hub operated by NTRA Services, a subsidiary of the National Thoroughbred Racing Association and marketing partner of TVG.
Friday, June 22, 2001NTRA Services will not renew its license to operate a wagering hub in Oregon. Instead, the TV Games Network, for which the National Thoroughbred Racing Association subsidiary operates the hub, is expected to apply for the license itself.
Tuesday, June 19, 2001The NTRA Services wagering hub in Oregon handled $6,133,521 for the first quarter of 2001, by far the highest figure for a three-period since the first report was submitted early last year. The handle, generated by bettors in Kentucky, Louisiana, Maryland, and Oregon, is almost twice as large as the handle recorded for the first three months of 2000.
Wednesday, April 25, 2001Tom Moyer, who bought the operating rights to Portland Meadows last month, will keep the track open up to three years then develop the property. The racetrack will be managed in the meantime by Magna Entertainment, which may step in and preserve live racing in the Portland area with a new or existing track.
Tuesday, April 03, 2001Real estate developer Tom Moyer bought the operating rights for Portland Meadows, Oregon's largest racetrack. The change, however, does not bring much stability to the state's Thoroughbred racing industry.
Friday, March 23, 2001The Ohio-based online wagering service has been approved to operate in Oregon, where other entities such as NTRA Services and US Off-Track have set up betting hubs that return a portion of revenue to the horse and Greyhound industries.
Wednesday, February 21, 2001The NTRA Services wagering hub in Oregon registered a 35% increase in handle in the third quarter of 2000 compared with the year-earlier period. According to Oregon Racing Commission figures, the betting hub, operated on behalf of the TV Games Network, handled $4,283,997 in the third quarter of 2000, up 35% from the hub's first three months of operation in 1999.
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