David Nathanson has been appointed senior vice president and general manager of TVG, the interactive horseracing network owned by Gemstar-TV Guide International.
TVG Network processed $114 million in wagers during the second quarter, marking the first time that quarterly wagering went over the $100 million mark and resulting in a 29% increase in wagering over the second quarter of 2004.
The National Thoroughbred Racing Association Breeders' Cup Limited, and Television Games Network announced Monday that TVG, the interactive sports television horse racing network and account wagering provider, will sponsor the $1 million Breeders' Cup Sprint at this year's Breeders' Cup World Thoroughbred Championships.
TVG Network, the interactive horseracing network, and the Thoroughbred Owners of California announced Thursday the two organizations are partnering to offer the first TVG/TOC Short Film Contest, in which amateur filmmakers producing films about Thoroughbred horseracing will compete for $20,000 in cash prizes and an internship at TVG.
Total wagering on the TV Games Network increased 42% in 2004, and grew 29% in the fourth-quarter of 2004, the network said in a Feb. 24 release. The increase in business was punctuated by record single-day total wagering of $5,148,375 on May 1, Kentucky Derby (gr. I) day.
TV Games Network launched on cable television in 13 markets via Comcast Communications, the company announced Sept. 14. About 11 million subscribers will have access to the network through the new carriage deals.
TVG posted the highest quarterly handle in company history for the quarter that ended June 30, Ryan O'Hara, TVG president announced Friday. Keys to the second quarter figures were record wagering of $5.2 million on Kentucky Derby day (May 1) and $3.2 million on Belmont Stakes day (June 5).
The TV Games Network will celebrate its fifth anniversary with a one-hour special that will air July 21 at 9 p.m. EDT. The show will be rebroadcast several times beginning at 12:30 a.m. July 22.
TVG and Emerald Downs said June 10 they have signed a multi-year agreement for the exclusive television and account wagering rights to Emerald Downs' races.
Ryan O'Hara, the recently appointed chief operating officer of TV Games Network, has been promoted to president, parent company Gemstar-TV Guide announced Thursday.
TV Games Network had a record handle for the both the first quarter of 2004 and the May 1 Kentucky Derby (gr. I).
TV Games Network rolled out new graphics and features, which began appearing in conjunction with the opening of Hollywood Park's spring/summer season, at the April 22 California Horse Racing Board meeting. It also announced an increase in the number of viewers and a slight shift toward experienced racing fans.
- By Victor Ryan
Wagering through TV Games Network rose 34% in 2003 to $213,725,181 and television distribution of the network increased by 45%, the company reported Thursday.
Gemstar-TV Guide International announced it has named Ryan O'Hara chief operating officer of its TVG Network.
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