Television Games Network

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Handle Up, Revenue Flat at TVG

Improved handle failed to translate to increased revenue at advance-deposit wagering company TVG Network during the three-month period ending Jan. 31.

Evangeline Downs Enters Into Agreement With TVG

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.

Gary Stevens Retires; To Join TVG as Analyst

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 Wagering Tops $100 Million in Second Quarter

  • News

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.

TVG, NTRA, and Race for Education Team Up for Internship Program

  • News

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.

TVG to Sponsor Breeders' Cup Sprint

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.

Bay Meadows Signal Expands to TVG

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.

TVG BC Day Handle Up 31%

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.

TVG Sues Youbet to Protect Voting Interest

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.

Summer Tubing

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.

Former Officers of TVG Parent Charged by SEC

  • News

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.

Holiday Feast of Racing Scheduled on TVG

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.

Account Wagering Goes Into Effect in Massachusetts

  • News

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.

Pay TV: NTRA Channels Energies Into Controlling Small Picture

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.

Betting on Television

By Ray Paulick -- Personal experience confirms that people would rather bet on races they can watch on television.

TVG Chief Pleased With Early California Account Wagering Figures

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.

TVG-Magna Negotiations at Impasse Over Exclusive Contracts

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.

TVG's Wilson Responds to Comments by Magna's McAlpine

  • News

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."

TVG Preparing for California Market

  • News

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.

Fell Steps Down As Youbet.com CEO

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.

Simulcasting Off at Keeneland

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 Strikes Deal With TVG; Stock Soars

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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