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Magna Packaging Properties to Drive Down Debt

Officials with Magna Entertainment spent a good deal of time May 9 highlighting the company's continued attack on staggering debt, and how it will correct an admittedly disappointing start for the slots operations at Gulfstream Park.

TVG Expands Programming Delivery to Dubai, Saudi Arabia

TVG May 9 announced that it reached an agreement with Dubai Sports Channel to significantly increase international exposure for American Thoroughbred horseracing by making the programming available to more than eight million homes across the Arabian Peninsula.

High Jinx

By Ray Paulick - Finally, after 23 years, Breeders' Cup officials can let out a sigh of relief. James Tafel's Street Sense proved that life does exist for a horse after winning the Bessemer Trust Breeders' Cup Juvenile (gr. I).

Horsemen: Don't Hold Triple Crown Races 'Hostage'

Major horsemen's groups have banded together to ask racetracks and account wagering providers to make the Triple Crown races available to all wagering services in light of a conflict that is spreading ill will as horse racing's most prominent and lucrative day approaches.

TVG Renews Fox Sports Net Contract

  • News

TVG announced April 25 that it has renewed its agreement with Fox Sports Net West and Fox Sports Net Prime Ticket to exclusively air live horseracing from across the country.

TVG to Broadcast From Hollywood Park

TVG announced April 24 that it will broadcast from Hollywood Park's 68th spring/summer meet, which began April 25 at the Inglewood, Calif. track. Throughout the meet, TVG will present a $150,000 Guaranteed Pick Four each weekday and a $300,000 Guaranteed Pick Four on Saturdays and Sundays.

TrackNet Media CEO Comments on Impasse With Youbet.com

  • News

In response to a release and teleconference by Youbet.com Monday concerning an impasse in its negotiations with TrackNet Media Group over account deposit wagering, Scott Daruty, chief executive officer of TrackNet Media Group, released a statement outlining his company's position.

Louisiana HBPA Says No to TVG Exclusive Deal

The Louisiana Horsemen's Benevolent and Protective Association has decided not to consent to the sending of the signal from Evangeline Downs Racetrack & Casino to TVG under the current exclusive arrangement between the track and racing network.

Youbet Reports 62% Handle Growth in 2006

Youbet reiterated its desire to work with the new TrackNet Media team of Churchill Downs and Magna Entertainment, hoping to build off a fifth-straight year the wagering company reported double-digit handle growth.

Fade to Black

By Ray Paulick -- One of the interesting things about Thoroughbred racing is the penchant so many people have of knocking something into oblivion, and later complaining about the fact it's gone. Take TVG, for example.

TVG Expanding Coverage of Japanese Racing

  • News

TVG, in partnership with Emerald Downs, will air 15 live racing events from Japan in 2007 concluding with the presentation of the Japan Cup (Jpn-I) on Nov. 24.

Lawsuit Against NJSEA, TVG Dropped by Horsemen

A Standardbred horsemen's group in New Jersey said it has dropped a lawsuit against the New Jersey Sports and Exposition Authority and TVG after the parties resolved their differences regarding interstate wagering on Meadowlands harness races.

Exclusivity is Right

By David Nathanson - The question is not whether horse racing needs television (it clearly does), but rather how we can improve our television coverage while distributing it to the widest possible audience to attract new fans and incremental wagering revenue.

TVG Airing Eclipse Awards; O'Connell to Emcee

  • News

TVG will air live coverage of the 36th annual Eclipse Awards Jan. 22, a celebration of horseracing's best performances of the year, from the Beverly Wilshire Four Seasons Hotel in Beverly Hills, Calif., with coverage beginning on TVG at 8 p.m. ET. TV and film star Jerry O'Connell, who plays a lead role in the NBC series, "Crossing Jordan," will serve as emcee of the program for his third straight year.

Standardbred Owners' Group Sues NJSEA, TVG

  • News

The Standardbred Breeders and Owners Association of New Jersey has started legal action in connection with the New Jersey Sports and Exposition Authority's contract awarding TVG exclusive rights to the harness signal from Meadowlands.

No Santa Anita Clause for TVG

TVG viewers won't be getting what they wanted most for Christmas -- to watch and wager on races from Santa Anita Park starting with the new season on Dec. 26.

TVG Launches Fantasy Horseracing Game

  • News

TVG has launched a year-round fantasy horseracing game on its website, TVG.com, and on Foxsports.com, the network announced Nov. 30. TVGfantasy.com will offer fans the opportunity to own and manage their own virtual stable consisting of horses, trainers, and jockeys. The site went live Thursday, Nov. 30, with game play beginning Dec. 26.

California ADW Rivals Near Signal Agreement

California customers of rival account deposit wagering companies TVG and XpressBet would be able to play any track in the state with their preferred carrier under an agreement being negotiated on a one-year experimental basis.

TVG Airing Weekend's International Races From Japan

TVG will offer wagering and dual telecasts of the weekend's two major grade I international races from Japan -- Saturday's Japan Cup Dirt and Sunday's Japan Cup, a mile and one-half turf fixture featuring recent Emirates Airline Breeders' Cup Filly & Mare Turf (gr. IT) winner Ouija Board.

Youbet Hails Decision in TVG Arbitration Fight

Youbet.com Inc. must pay about $1.3 million to its license partner TVG for underpayments during a three-year content agreement that ended March 31, 2005, an arbiter ruled Nov. 16. TVG initially claimed it was owed $5.8 million.

TVG Sets Breeders' Cup Day Handle Record

  • News

TVG processed a record-setting $6,708,450 in wagers, including $4,815,799 in wagering on the eight Breeders' Cup World Championships events, Nov. 4 from Churchill Downs.

TVG Inks Deal with At the Races and The Racing Network International

  • News

In a deal that will increase international exposure for TVG, the company has signed an agreement with At The Races and The Racing Network International. In addition to providing exposure for TVG and United States horseracing in the U.K. and Ireland, the agreement will provide new exclusive content and expanded hours of operations for TVG.

TVG Announces Launch of Educational Site

  • News

TVG announced Oct. 25 that it has launched TVGfree.net, an innovative educational Web site designed to cultivate new horseracing fans and give them a chance to compete for free.

Account-Bet Dispute Lingers; CHRB May Act

The simmering dispute between the organization representing California's horse owners and the racing television and wagering network TVG appeared unlikely to be resolved heading into the Oct. 26 meeting of the California Horse Racing Board.

TVG to Present Live Coverage of Prix De L'arc De Triomphe

  • News

For the eighth consecutive year, TVG will present live coverage of the group I, $2.5 million Prix de l'Arc de Triomphe, from Longchamp Racecourse near Paris Oct. 1. The Arc will highlight a three-hour program beginning at 9:30 a.m. (all times Eastern). Post time for the Arc, a 1 1/2-mile race for horses 3-year-old and up, is 11:30 a.m.

ADW is Focal Point of Marathon CHRB Meeting

A longstanding dispute between California horsemen and the account deposit wagering provider TVG over what the television network may charge for its service remained unresolved Sept. 20 after the state horse racing board heard more than two hours of discussion during a marathon commission meeting at Fairplex Park in Pomona.

Account-Bet Licensing Fees Fuel Illinois Dispute

  • News

A simmering dispute over licensing fees tied to account wagering has flared up in Illinois, where horsemen have pulled the Arlington Park signal from TVG in an attempt to get the signal from the upcoming meet at Hawthorne Race Course available through Youbet.com.

Colonial Teams with Restaurant to Expand ADW

In a collaborative initiative to expand advance deposit account wagering, Colonial Downs has teamed up with Chevy's Restaurant and Night Club in Chesapeake, Va., to promote new wagering technology that could be the horse racing's equivalent to video poker and bar trivia.

TVG To Present Summit of Speed, Claiming Crown Live

TVG will present live, on-site coverage Saturday of the seventh annual Summit of Speed from Miami's Calder Race Course and the eighth annual Claiming Crown from Canterbury Park in Shakopee, Minn. The Summit of Speed is part of the TVG Sprint Division, leading to the $2 million TVG Breeders' Cup Sprint (gr. I), scheduled for Nov. 4 at Churchill Downs.

TVG To Show Colonial Turf Cup Live

  • News

TVG will present live coverage of Saturday's $1 million Colonial Turf Cup from Colonial Downs in New Kent, Va. The telecast, which will air from 5-6 p.m. (est), will be simulcast on Fox Sports New York and Turner South.

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