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.
- By Tom LaMarra
Account-wagering providers and others in the pari-mutuel industry are working behind the scenes to remedy a situation that has kept bettors with certain credit cards from making legal Internet wagers.
The queen and king of racing Muledom are set for another match race May 23 at Los Alamitos Race Course in Southern California.
TV Games Network has reached agreements with two cable television services that will carry the 24-hour horseracing and interactive wagering network.
The TVG network reported Monday that the Kentucky Derby fueled the largest single day of wagering in the company's history. TVG handled $4,045,559 on Saturday, May 3.
TVG will re-air an original 30-minute documentary on Laffit Pincay Jr. April 30 and May 1. "Ride to the Record,˜ filmed in 1999, chronicles the life of the "world's winningest rider.˜
Bits and pieces from around the industry...
"The Works," will once again highlight the TVG pre-race coverage of the Kentucky Derby and Kentucky Oaks, both grade I. The series of eight half-hour shows will air at 11:30 a.m. (EST) beginning April 24 and continuing through May 1. The shows will be replayed each evening and prior to the following morning's telecasts.
In a deal announced April 9, Rupert Murdoch's News Corp., part owner of TV Games Network parent Gemstar-TV Guide, would acquire General Motors' stake in Hughes Electronics and another piece of Hughes from public shareholders.
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.
Gemstar-TV Guide International reported a net loss of $6.23 billion, mainly from write-downs for goodwill, for fiscal year 2002. Meanwhile, the company's interactive platform sector, which includes the TV Games Network, posted revenue gains.
TVG's weekly highlight show, "The Finish Line," begins its second season April 6 at 8 p.m. EST.
Viewers can see racing live from Keeneland April 4-25 on TVG.
Television Games Network will present live coverage of the Dubai World Cup program March 29 from 10 a.m. to 1 p.m. EST.
The Television Games Network (TVG) announced today it has reached a multi-year agreement with Atlanta-based Cox Communications, Inc. to carry the 24-hour horseracing and interactive waging network.
TVG will provide live, on-site coverage of the Sandy Lane Gold Cup from Garrison Savannah, just outside Bridgetown, Barbados, this Saturday.
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.
Account wagering through several hubs based in Oregon continued to ramp up in the fourth quarter of 2002, according to figures released by the Oregon Racing Commission.
After a substantial absence, TVG is back in the feature-story business. On Sunday, Feb. 16, the network will air the first installment of a two-part series titled "In Training: The Sales," which will conclude the following evening. Airtime both nights is 8-8:30 p.m. ET.
The most memorable moments and individuals of the 2002 racing season, as selected by TVG viewers, will be announced when the third annual TVG Viewers' Choice Awards is broadcast Feb. 17 on a live 90-minute program from 8:30-10 p.m. (ET).
- By Jack Shinar
Nearing the end of the first year of account wagering in California, the president of the Thoroughbred Owners of California has expressed frustration with the lack of television exposure so far.
The Hong Kong International races on Sunday will be shown on TVG beginning at 2 a.m. (ET). The special 2 1/2 hour telecast will include live coverage the group I Hong Kong Cup, group I Hong Kong Vase, and group I Hong Kong Mile, and tape delayed coverage of the group II Hong Kong Sprint. All races are on turf.
TVG will provide live coverage of three of the four Hong Kong International Races Sunday from Sha Tin Racecourse.
TVG will present live coverage of the Grade I, $200,000 Hollywood Starlet on Saturday and the Grade II, $150,000 Bayakoa Handicap on Sunday as part of "Trackside Live!: Hollywood Park."
- By Jack Shinar
Santa Anita heads into its annual meeting Dec. 26 without the television exposure enjoyed by its Southern California counterparts.
Rich Wilcke leads Equine Association Management Clinic...Thistledown customer appreciation day is Dec. 21...TVG broadcasts Los Alamitos Million Futurity.
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.
Eleven older horses, including East Coast-based invaders Cetewayo and Rochester, have been entered for Saturday's 1 1/2-mile Hollywood Turf Cup (gr. IT).
Jockey Julie Krone will return to riding Friday at Santa Anita. Krone, a Hall of Fame jockey, has not ridden since April of 1999. The race is also the first race for her mount, Justly Royal.
A tote malfunction on Tuesday prompted Churchill Downs to refund all wagers in a Pick 4 pool and provide payouts to patrons who held what would have been winning tickets.
Tom Amoss is pulling double duty these days at Arlington Park. He trains Bessemer Trust Breeders' Cup Juvenile contender Lone Star Sky, and he serves as an analyst on the "The Works," the popular daily program on the TV Games Network.
TVG announced Oct. 17 that its popular program, "The Works," sponsored by the NTRA and Breeders' Cup, will kick off the network's coverage of the 2002 Breeders' Cup World Thoroughbred Championships tomorrow with the first of seven, one-hour shows airing from 11 a.m.-noon (EDT) through Thursday, Oct. 24.
TVG will present live coverage of tomorrow's 11th annual Calder "Festival of the Sun" from Calder Race Course in Miami.
TVG's popular show "The Works," will begin Oct. 18 and air through Oct. 24, two days prior to the Breeders' Cup World Thoroughbred Championships at Arlington Park.
Henry Yuen has resigned as chief executive officer of Gemstar-TV Guide International and will be replaced by Jeff Shell, the company announced Oct. 8. Gemstar-TV Guide is the parent company of the TV Games Network.
To offer in-depth, post-race coverage of the large number of Breeders' Cup prep races on tap this week, TVG's weekly magazine show, "The Finish Line," will expand from one to two hours this Sunday (October 6), and will air in a new time slot, beginning at 8:00 p.m. ET, the network announced.
TVG will present exclusive live coverage of Sunday's €1.6 million Prix de l'Arc de Triomphe (Fr. I) from Longchamp Racecourse outside of Paris during a special three-hour program airing from 9 a.m.-Noon EDT. Post time for the Arc, a 1 1/2-mile race for horses 3-and-up, is 11:30 a.m. ET.
Several local charities will be using Keeneland's race meet as a springboard for their fundraising efforts this fall.
Gemstar-TV Guide International, the parent company of the TV Games Network, posted a preliminary second-quarter loss of $953.8 million after more than $1 billion in asset write-downs.
Super Derby XXIII (gr. II) will air live on the TV Games Network at 6:05 p.m. EDT Saturday.
The TV Games Network has experienced explosive growth since California adopted advanced deposit wagering last January.
A 9/11 tribute Wednesday will be broadcast on TVG at 4:10 p.m. (ET) and simulcast to racetracks.
TVG will offer live coverage of the Keeneland September yearling sale next Monday through Wednesday (Sept. 9-11). Reports from the Keeneland sale pavilion will start each day at 1 p.m. (ET). A 30-minute recap show of the sales' first three days will air on Wednesday at 10 p.m. with a repeat showing on Thursday at 11:30 a.m.
TVG will offer live coverage of the Saratoga select yearling sale.
TVG to air from Saratoga...Blythe Miller injured in fall...Public invited to Hall of Fame ceremony and autograph session...Ray Sibille injured...Irish Fest at Arlington.
Racing and breeding news and information.
- By Ray Paulick
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.
TVG will offer exclusive live network coverage of Saturday's $400,000 John C. Mabee/Ramona Handicap (gr. IT) and the $200,000 Bing Crosby Breeders' Cup Handicap (gr. II) from Del Mar Thoroughbred Club. On Sunday, TVG will have exclusive coverage of the Eddie Read Handicap (gr. IT).
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.
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