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TVG Wins Approval to Operate Betting Hub

The 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.

Legislative Issues Said to Have Stalled OTB Sale

The sale of New York City Off-Track Betting apparently hinges on legislative changes that would make the entity more attractive to potential buyers. Meanwhile, it appears the state legislature may have more time to examine the issue given the fact they may remain in Albany into the summer.

Youbet.com Predicts Profitability by 2002

Youbet.com, an online horse racing and wagering site that has burned through more than $64 million since 1998, expects to begin turning a profit in 2002. The company also expects to have more than 20,000 subscribers by the end of the year.

Wagering on the Future

By Ray Paulick -- The recent agreement between the TV Games Network and Youbet.com looks like a win-win-win-win situation for the racing industry.

Nasdaq May Still Pull Youbet Listing

The Nasdaq stock exchange notified Youbet.com officials Tuesday that the company still fails to meet its minimum price requirement and is subject to being delisted. To remain on the exchange, Youbet.com stock needed to trade about $1 per share for 10 consecutive days before Monday.

Youbet Notches Record Week

Youbet.com just completed its busiest week ever. The Preakness Stakes (gr. I) and a handicapping contest held in conjunction with the Daily Racing Form attracted $2.6 million in online wagers for the week ending May 19.

Churchill Joins NYRA, TVG in New York Bidding

Churchill Downs Inc. ended weeks of speculation Tuesday when it confirmed it has joined the New York Racing Association and the TV Games Network in a bid to purchase New York City Off-Track Betting Corp. The company has withdrawn the bid it previously submitted on its own behalf to the New York City Development Corp., which is overseeing the possible sale of New York City OTB.

TVG Targeted for Two More States

A deal between TV Games Network's parent company and Comcast, the nation's third leading cable operator, will put the horse racing network in two more states before September.

TVG Generates nearly $2 million for Kentucky Racing

Account wagering by TV Games Network subscribers generated an additional $440,000 in source-market fees for Kentucky horsemen and racetracks since October. The money, distributed this week, raises the total fees generated by the horse racing network to $1.95 million since September 1999.

The Importance of TVG

By Ray Paulick -- Without question, the TV Games Network has fallen short of the mark in its first 18 months of existence.

Breeders' Cup Deal With TVG Poses Questions

A deal that gives the TV Games Network the exclusive right to conduct interactive wagering on Breeders' Cup Championship Day races has left other account-wagering providers wondering how the decision will impact their ability to carry the Breeders' Cup program Nov. 4 at Churchill Downs.

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