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.
- By Jack Shinar
The California Authority of Racing Fairs (CARF) has became the state's only racing association to complete agreements with all three licensed advanced deposit wagering companies.
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.
TVG has announced it will offer exclusive live coverage of the Keeneland July Select Yearling Sale.
For the second consecutive year, TVG will offer live coverage and analysis of the Keeneland July select yearling sale in Lexington. The programs will air from 7-10:30 p.m. (EDT) on July 15 and 16.
TVG will offer live coverage and analysis of the Keeneland July select yearling sale July 15 and 16 from 7-10:30 p.m.
Trading was heavy again on Gemstar-TV Guide International Tuesday, but the media and technology company that lost 39% of its stock value Monday ended the day with a small gain.
Gemstar-TV Guide International, the parent company of the TV Games Network, lost 39% of its value Monday in a frenzy of selling. Investors reacted to a ruling June 21 that Gemstar's patents for an interactive television program guide have not been infringed by competing products.
Gemstar-TVG Guide International, the parent company to the TV Games Network racing channel, suffered a serious blow in court Friday when it lost a crucial patent infringement case.
Television Games Network has acquired 16.6% of Youbet.com's outstanding shares of common stock.
Gemstar-TV Guide International, parent company to the TV Games Network, posted a steep first quarter net loss due to $297.8 million write-off and declining revenu
- By Tom LaMarra
In its 2001-02 annual report, the National Thoroughbred Racing Association outlines a $59.5-million budget that relies heavily on revenue from Breeders' Cup Ltd. and membership dues. The NTRA and Breeders' Cup now operate under a joint spending plan.
The TV Games Network is enjoying record growth due to the opening of Hollywood Park, the Kentucky Derby (gr. I), and an increasing popularity in Quarter Horse racing at Los Alamitos.
- By Tom LaMarra
TV Games Network and AmericaTAB have signed a patent license and content agreement that allows AmericaTAB to accept wagers on TVG's exclusive partner tracks, and implement TVG technology.
Online wagering company America Tab has gained access to many of the country's premier racetracks by entering into a patent and content licensing agreement with the TV Games Network.
Gemstar-TV Guide stock plunged Friday after a report released two days ago said the company may have engaged in "patent misuse" and that its on-going patent infringement lawsuit may be groundless.
- By Tom LaMarra
Officials with Hollywood Park and the Thoroughbred Owners of California struck a deal April 23 on revenue splits for wagers made on the track's races. The Hollywood Park spring meet opens April 24.
Youbet.com has signed a one-year marketing agreement that makes the California-based company the official online wagering service for this year's Kentucky Derby (gr. I).
Trainer Tom Amoss will join the cast for "The Works," a TV Games Network program sponsored by Keeneland, from April 22-May 1.
TVG will again produce "The Works" from Churchill Downs, focusing on Kentucky Derby and Oaks-bound horses and their daily doings at the Louisville track.
Gemstar-TV Guide became part of its eighth class action suit in two weeks on Tuesday.
In a deal that will give it exposure in a major market, TV Games Network has reached a two-year agreement to exclusively air live Southern California horseracing on FOX Sports Net West (FSN) and FOX Sports Net West 2 (FSN2).
On Saturday, TVG will unveil a new show devoted to Quarter Horse racing.Called "The Quarters," it will feature on-site production from Los Alamitos Racecourse in Cypress, California, and run from 11 p.m. to 2 a.m. (ET) on Thursday through Saturday and 9 p.m. to
midnight (ET) on Sunday each week.
TVG will unveil a new Sportscenter-type stakes recap show Sunday, April 7 at 8 p.m. eastern time.
Gemstar-TV Guide, the parent company of the TV Games Network, took a heavy blow in the stock market Tuesday after an analyst questioned the accounting of $127.6 million in revenue.
Adelphia Communications on April 1 launched the TV Games Network on digital cable television in certain parts of Los Angeles.
- By Jack Shinar
The California Horse Racing Board heard a positive report on the startup of account wagering. But it was tempered by concern over a leveling off of activity in recent weeks. It was also reported that an agreement still has to be reached for the upcoming Hollywood Park meet.
More than $14.5 million has been wagered through California's advance deposit wagering system in the first two months of operation, or about 3.5% of total handle. But while account wagering services had a burst of activity, officials said they were concerned about the leveling off of wagering and the number of new account holders over the past four weeks.
- By Ron Mitchell
A founder of Youbet.com who recently rejoined the pari-mutuel wagering network says the company's new management team is focusing on marketing, cooperative efforts with racetracks, and raising capital.
TVG announced the launch of Exactamundo, a handicapping game that rewards TVG account holders for selecting the correct exacta in TVG's weekly Saturday Spotlight Race.
TVG has announced it would offer exclusive live U.S. television coverage as well as in-home wagering on the $6-million Dubai World Cup (UAE-I) from Nad Al Sheba Racecourse in Dubai, U.A.E. on Saturday.
Gemstar-TV Guide stock plummeted Tuesday morning on the heels of poor fourth quarter and year-end results. As of 3 p.m., the parent company of the TV Games horse racing network was down $4.21 to $17.52, a drop of 19.4%.
TVG will air the preview works from the Barretts Selected 2-year-olds sale from Fairplex Park in Pomona, Calif. The show will air Feb. 28 for one hour beginning at 11:00 a.m. The sale will be held March 5.
Youbet.com has been licensed by the California Horse Racing Board to offer account-wagering services to residents of California, effective immediately. Meanwhile, through Feb. 18, account-wagering handle through two other systems topped $5 million in the Golden State.
TVG launched its newly redesigned Web site, TVGNetworks.com, featuring complete interactive wagering capabilities with real-time odds and betting pool information.
Barretts Equine Limited and the TVG Network have announced that a replay of Barretts' Feb. 25 video preview will be broadcast on TVG on Thursday, Feb. 28 from 8 -9 a.m. (PST; 11-12 EST).
TVG announced that the network will be airing the under tack show for the Fasig-Tipton selected 2-year-olds in training sale from Calder Race Course in Miami, Fla.
The Thoroughbred Owners of California is using a deal with Magna Entertainment as leverage in an attempt to garner a greater share of pari-mutuel takeout from account wagers made through the TV Games Network. In question is a share of the money TVG pays to the National Thoroughbred Racing Association.
Bo Derek, Alex Trebek, Jerry O'Connell, and David Cassidy are among the celebrities scheduled to appear on TVG's second annual Viewer's Choice Awards that will air tonight (Feb. 11) at 9:00 (EST/6:00 PST).
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.
- By Ray Paulick
By Ray Paulick -- Concern for the racing fan and the industry doesn't appear to be driving some of the decisions regarding account wagering in California.
- By Tom LaMarra
In an open letter to the California Thoroughbred industry, Thoroughbred Owners of California chairman Jack Owens said the organization has taken its "stewardship role very seriously" in regard to account wagering, and said its agreement with Magna Entertainment is a "critical benchmark" for negotiations with other companies.
Magna Entertainment Corp. said it would pay a racetrack partner in its new XpressBet account wagering system up to 60% of the takeout if the bet is placed with a 25-mile radius of that track.
Oaklawn Park raises the curtain on its 54-day meet Friday in the heart of Hot Springs National Park in Arkansas. The oval first saw racing in 1905.
The California Horse Racing Board has granted licenses to two companies to offer account wagering effective immediately, and betting will begin. But the licenses are time-sensitive, and some deals with horsemen remain in limbo.
TVG, the 24-hour interactive horse racing network, announced Wednesday its television network will be included in the digital cable television service for select Los Angeles area cable systems owned and operated by Adelphia Communications.
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