TVG processed $108.8 million in total wagering during the first quarter of 2008, the highest first quarter total in the company's history and a 32% increase over the first quarter of 2007.
Churchill Downs Inc. and Magna Entertainment Corp. have pulled the plug on their involvement in Racing World UK, the United Kingdom broadcast and wagering venture launched two years ago.
Macrovision Corp. announced May 2 that it has completed its acquisition of Gemstar-TV Guide, the parent company of the TVG horse racing network.
The Thoroughbred Horsemen's Group claims it wants advance deposit wagering entities to pay a fairer share into purse coffers, but those on the other side of the negotiating table claim the math simply doesn't add up.
Wagering through the Oregon Racing Commission hub system jumped 17.4% in 2007, according to data compiled by the state regulatory agency.
Retired Hall of Fame jockey Chris McCarron will join TVG, America's Horseracing Network, as a member of the TVG broadcasting team, it was announced March 27. McCarron will make his on-air debut April 4, live at Keeneland Race Course.
Premier Turf Club has added Keeneland content to its list of track offerings, building on a business model that has allowed the North Dakota-based advance deposit wagering entity to realize four-fold growth in handle in the last few months.
TVG announced March 13 it has entered into a partnership to make horseracing programming from TVG Broadband, a new imprint offering digitized video for online media, available through Hulu's online video service, www.Hulu.com.
TVG broadcasts live from Tampa Bay Downs on March 15, covering four stakes races including the $300,000 Tampa Bay Derby (gr. III), the anticipated start for undefeated 2-year-old champion War Pass.
TVG has announced an exclusive multi-year agreement that ends an 18-month hiatus of Hawthorne Race Course from the racing network's line-up, and the Illinois track says it is all part of bigger plan to broaden its own plans for a self-run wagering entity.
The parent company of TVG Network reported the horse racing television channel realized a 10% increase in wagers processed for 2007, but saw overall revenues decline slightly for the year.
TVG announced that it has renewed its agreement with Fox Sports Net West and FSN Prime Ticket to exclusively air live horseracing from across the country.
TVG's will air on-site reports from the Northern California track.
Antitrust regulators cleared security-software maker Macrovision Corp.'s $2.8 billion purchase of television listings company Gemstar-TV Guide International, Inc., a government agency recently announced.
Overall wagering declined slightly in the United States in 2007 while purses increased, according to "Thoroughbred Racing Economic Indicators" data released Jan. 15.
TVG will broadcast the 37th Eclipse Awards ceremony Jan. 21 from the Beverly Wilshire Four Seasons Hotel in Beverly Hills, Calif.
By Dan Liebman - During dinner with colleagues the night of Dec. 29, a member of the party returned to the table and mentioned how the New York Giants were leading the New England Patriots in the fourth quarter. A television in an adjacent room was showing the game on CBS.
A contentious standoff over Gulfstream Park's racing signal has brought a chilling end to any warm fuzzies felt from the recent broad distribution deals emerging out of California, New Jersey, and New York.
The New York Racing Association has entered into a content exchange agreement with TrackNet Media Group for 2008, NYRA officials said Dec. 28. In addition, NYRA has new deals with TVG and Youbet.com for the upcoming year.
TrackNet Media Group and the New Jersey Sports and Exposition Authority have reached an agreement on content from Meadowlands and Monmouth Park for 2008.
A deal struck between TVG and the New Jersey Sports and Exposition Authority extends the network's previous agreement for rights to signals from Monmouth Park and Meadowlands, but allows the NJSEA to separately negotiate with entities affiliated with TrackNet Media Group.
Macrovision Corp., which develops technology to prevent unauthorized copying and viewing of video, music and other content, said Dec. 7 it will buy the parent company of TVG, Gemstar-TV Guide International Inc,. for $2.8 billion in cash and stock.
TVG will air special coverage of some of the world's top Thoroughbred races Thanksgiving week, including live broadcasts of the Hollywood Turf Festival, the Japan Cup program from Tokyo, and the Hill 'N' Dale Cigar Mile (gr. I) from Aqueduct.
Fueled by a record total from TVG, wagers handled through Oregon hubs jumped 19.7% for the third quarter of 2007, according to data released by the state's racing commission.
The impact of television on account wagering will be watched closely during an experiment in California that began Nov. 7 with the opening of Golden Gate Fields and Hollywood Park.
Hall of Fame jockey Gary Stevens has reached an agreement with HorseRacing TV to serve as an on-air analyst, the network announced Nov. 7.
California will embark on an eight-month experiment Nov. 7 that will allow all advance deposit wagering providers in the state access to all Thoroughbred signals.
HRTV and TVG will air live coverage of the Emirates Melbourne Cup (Aus-I), Australia's premier horse race, the evening of Nov. 5.
The parent company of TVG reported a record handle of $148.5 million for the third quarter of 2007, and announced a new wagering partnership in New York during a Nov. 1 conference call with analysts.
TVG is making exclusive video of selected daily workouts of Breeders' Cup contenders available to TVG subscribers through the network's Web site, the company announced Oct. 25.
Breeders' Cup Ltd. has anounced agreements to carry the World Championship signals with all major account deposit wagering platforms, including Youbet.com, which has been involved in a federal investigation regarding activities of its off-shore wagering entity, International Racing Group.
Advance deposit wagering, which in five years has grown to represent about 13.4 % of total handle through the California pari-mutuel system, was reauthorized by Gov. Arnold Schwarzenegger Oct. 13.
TrackNet Media Group is confident it will execute a contract to carry the Breeders' Cup World Championships signal, an executive with the content management company said Oct. 16.
TVG has taken umbrage with a published report about the joint dismissal of a lawsuit brought against the account wagering company by Churchill Downs Inc., claiming there was no settlement involved.
TVG will provide extensive live television coverage of Keeneland's fall race meeting, including live trackside broadcasts every Friday, Saturday, and Sunday during the first three weekends of the 17-day meet.
TVG, America's Horseracing Network, will provide live coverage of the entire fall season from Oak Tree at Santa Anita, including four grade I stakes on opening weekend, and the year's final "Win and You're In" Breeders' Cup Challenge Series races.
The president of a Louisiana horsemen's group has promised legal and legislative action if a solution isn't soon realized in the fractured advance deposit wagering industry.
The opening two days of the Keeneland September yearling sale are scheduled to be broadcast live by both HRTV and Racing World, and on a selected tape-delay basis by TVG.
A group of bettors frustrated with the fractured structure of advance deposit wagering are planning protests against racing entities they believe are responsible for the industry sector's ills.
The Jockey Club has weighed in publicly on the topic of account wagering economics, urging the pari-mutuel industry to urgently work together to devise a model that benefits horsemen, racetracks, and patrons.
TVG said July 26 it will televise the Old National Bank Claiming Crown, to be held Aug. 4 at Ellis Park in Henderson, Ky., and will accept all wagers on the event on a non-profit basis.
TVG announced July 25 that it will offer extended opening weekend coverage from Saratoga to air Saturday and Sunday, July 28-29. Opening weekend will include the debut of the $25,000 Breeders' Cup Challenge contest for TVG account holders.
Saying it was responding to the pleas of horsemen, TrackNet Media Group will offer Aug. 4 Claiming Crown racing at Ellis Park to arch-rivals TVG and Youbet.com, though a company executive said the move doesn't indicate a softening of the hard lines drawn by the parties.
TVG announced Monday, July 23, that it will air live racing and on-site programming during opening week of the 2007 Saratoga meet.
Horsemen are calling for an end to the stalemate over account wagering; and even though providers say they want it to end as well, there doesn't appear to be a resolution in sight.
TVG will kick off the 2007 season at the Del Mar Thoroughbred Club with live on-site coverage beginning July 18. TVG will broadcast live from Del Mar throughout the meet's opening week and every weekend, Friday through Sunday, until the season's conclusion Sept. 5. Special programming will include live editions of some of TVG's most popular shows and exclusive airings of several of the summer's premier Thoroughbred races.
Gemstar-TV Guide, which owns TVG, the account wagering service and horse racing network and publishes TV Guide magazine, said July 9 it had hired investment bankers to explore strategic alternatives, including the sale of the company.
TVG, in partnership with At The Races in the United Kingdom, will carry live racing from the prestigious Royal Ascot meeting, which runs June 19 through June 23. The partnership will allow racing fans in the United States to watch and wager on every race from the Royal Ascot,
The Longacres Mile (gr. III), the most important race in the Pacific Northwest since its inception in 1935, will be sponsored by TVG in 2007 and include Breeders' Cup incentives with a record $400,000 purse.
TVG has launched "TVG Progressive Jackpot," in which one entrant will win a prize of up to $150,000.
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