Betfair Group on May 14 announced the appointment of Kip Levin as the new chief executive officer of its U.S. businesses comprising TVG and Betfair Casino.
TVG and Oaklawn Racing and Gaming announced Jan. 6 that the network will telecast the 57-day Oaklawn Park 2014 race meet beginning January 10, with daily, on-site, live coverage hosted by TVG's Frank Mirahmadi.
- By Frank Angst
Improved handle failed to translate to increased revenue at advance-deposit wagering company TVG Network during the three-month period ending Jan. 31.
TVG's horseracing broadcast lineup this weekend is highlighted by the Sept. 26 Kentucky Cup Day from Turfway Park.
TVG, the interactive horseracing network, has announced an agreement with Evangeline Downs Racetrack and Casino for the exclusive television and interactive wagering rights for the live Thoroughbred and Quarter Horse meets conducted at the Opelousas, Louisiana track.
Television Games Network will again sponsor the $2 million TVG Breeders' Cup Sprint (gr. I), the 6-furlong race that is part of the Breeders' Cup World Championships, to be held Nov. 4 at Churchill Downs.
Hall of Fame jockey Gary Stevens announced his retirement from riding Friday, but will not be leaving the sport. In a Churchill Downs press conference, Stevens said he would be joining the Television Games Network (TVG) as a racing analyst.
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.
Television Games Network (TVG), the Race For Education and the National Thoroughbred Racing Association (NTRA) have joined forces to offer a three-month summer internship with TVG's Production Department in Los Angeles for a college junior or senior (as of Fall 2005) studying broadcasting or journalism.
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.
The Bay Meadows racing signal will be available to all three legal account deposit wagering companies in California when the Bay Area track opens for business under new management Feb. 2.
The New York Racing Association and Television Games Network have reached a $13.5 million deal giving the network exclusive simulcasting rights outside of New York, according to a published report.
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.
Continuing to build on its increased distribution, TVG's handle on Saturday, the day of the Breeders' Cup World Thoroughbred Championships, was $3,362,026, 31.1% higher than on Breeders' Cup day in 2002.
U.S. viewers can catch the weekend's racing action from France on either TVG or HRTV, as both will feature coverage of France's group I races.
TV Games Network has filed a countersuit against Magna Entertainment Corp. in the brewing battle over the right to broadcast Maryland Jockey Club racing.
TV Games Network, a shareholder in Youbet.com with an option to buy a majority interest in the company, has filed a lawsuit against Youbet for proposed changes to voting and term limits for its board of directors.
- By Ray Paulick
By Ray Paulick -- It's almost August and the racing season is in full swing as major horses prep for this fall's Breeders' Cup World Thoroughbred Championships. Thanks to TVG, you can see it all from your living room.
Highlighted by record wagering on Kentucky Derby day, TVG posted the highest quarterly handle in company history for the quarter that ended June 30.
TVG will now be available on Cox Communications digital cable service in Santa Barbara and Bakersfield, California.
Henry Yuen, the former chairman and CEO of Gemstar-TV Guide International, parent company of the Television Games Network (TVG), has been charged in a civil lawsuit by the Securities and Exchange Commission with securities fraud, lying to auditors, and falsifying the company's books.
A multi-year deal between the Television Games Network and the DirecTV satellite service gives the 24-hour horse racing network access to an additional 11 million homes in North America.
On Friday Keeneland's 15-day spring meet opens in Lexington. The track has some new and improved ways to watch its races, whether you're on the grounds or at home.
The Television Games Network increased its handle by 251% from 2001 to 2002, the network announced Wednesday in releasing its final handle numbers for 2002.
Santa Anita heads into its annual meeting Dec. 26 without the television exposure enjoyed by its Southern California counterparts.
Viewers of the Television Games Network (TVG) can expect a real horseracing feast this Thanksgiving Holiday weekend as the network will present nine graded stakes races from the West to East Coast. Included are three grade I races, three grade II events and three grade III features, with live racing action from Hollywood Park, Churchill Downs, and Aqueduct.
The percentage of California handle attributed to advance deposit wagering (ADW) is slowly growing, with 5.7% of in-state handle now traced to bets made through one of three account wagering providers.
Recent approval from the Massachusetts State Racing Commission of the TVG network and Magna Entertainment's XpressBet system means bettors there soon will be able to sign up for account wagering with either provider.
The Thoroughbred industry today is still paying for a bad decision made more than 40 years ago. Not only did its popularity plummet as a result of being off television during that medium's original boom time, but more recently the struggle to get possession of the sport's archives and control and coordinate its television presence has cost the industry millions of dollars.
- By Ray Paulick
By Ray Paulick -- Personal experience confirms that people would rather bet on races they can watch on television.
Television Games Network has acquired 16.6% of Youbet.com's outstanding shares of common stock.
Despite not being able to take bets on the two California Thoroughbred tracks currently operating, the Television Games Network said it is running neck and neck with competing account wagering entity XpressBet on total telephone and Internet handle for the first 12 days of legal advance deposit wagering (ADW) by California residents.
Talks between Magna Entertainment and the TV Games Network are over, according to TVG president Mark Wilson, who has been negotiating with Magna chief executive officer James McAlpine in hopes of striking a deal to bring Santa Anita, Gulfstream Park, and other Magna tracks to TVG's racing and wagering network.
Mark Wilson, president and CEO of TVG, has issued a lengthy statement in response to widely-reported comments made by Jim McAlpine, President and CEO of Magna Entertainment Corporation, at the University of Arizona's Race Track Industry Program's "Symposium on Racing."
The long-winding process of making legal account wagering part of California's horse racing landscape got a quick approval Friday, Nov. 30, from the state Horse Racing Board.
The TV Games Network's parent company reported a 13.5% increase in net loss for the third quarter ending Sept. 30. The increase in losses was attributed to charges related to the merger between Gemstar and TV Guide in July 2000 and to higher operating expenses.
When California introduces account wagering, the TV Games Network will be ready for a full assault. Perhaps the last great frontier for the home-wagering revolution, the Golden State represents a golden opportunity for TVG when advance-deposit wagering becomes legal in the state Jan. 1, 2002.
Robert Fell has stepped down as chief executive officer of Youbet.com, an online horse racing and wagering company, and will be replaced by two men. Vice presidents Ronald Luniewski and Phillip C. Hermann will share CEO duties.
The Television Games Network can legally handle account wagers in Maryland, according to the state racing commission.
The TV Games Network debuted on basic cable television in the Lexington market in late December of last year. And for the first six months of this year, handle on simulcast-only days at Keeneland is down more than $4.7 million from the comparable period last year.
Youbet.com has signed a deal that could give the Television Games Network a majority interest in the online horse racing and wagering service. Under the terms of the agreement, Youbet.com will pay TVG fees based on the handle. Youbet.com also has issued warrants allowing TVG to buy 19.9% of the online service's 19.4 million shares of common stock for 1 cent per share. Youbet.com's stock reacted strongly to the news. The stock, which closed at 75 cents per share Friday, jumped 101% to peak at $1.51 within the first hour of trading Monday.
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