The financial results of the two biggest racing days for Churchill Downs Inc. show the company's new revenue model for account wagering can be successful, a company official said.
TVG announced that it will welcome its newest exclusive racetrack partner, Monmouth Park, with live on-track coverage of the 2007 racing season's opening weekend from the Jersey Shore racetrack.
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 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.
- By Ray Paulick
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).
Gemstar TV Guide International Inc., publisher of TV Guide magazine and parent company of TVG Network, reported higher first-quarter profit May 3, as its interactive program guides for cable and satellite TV drove revenue.
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.
State regulators have ordered the New York Racing Association to stop taking any Internet wagers from Connecticut residents, an embarrassing blow to NYRA on the first day of its new Internet wagering program.
Youbet.com won't be offering Derby wagering this year, but its customers will have a shot at $1 million in a contest tied to the two marquee races at Churchill Downs this Friday and Saturday.
TVG has a new distribution agreement with DIRECTV that will make the network available to an additional eight million subscribers of the satellite service.
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 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.
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.
A decision by the AmericaTAB account wagering consortium to join TrackNet Media Group is a sign of support for efforts by Churchill Downs Inc. and Magna Entertainment Corp. to end exclusive contracts, an official said.
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.
TVG will provide live, on-site coverage of the Toyota Blue Grass Stakes (gr. I) post-position draw from Keeneland April 11.
TVG will air a record number of live broadcasts from Keeneland when the Lexington racetrack's meet begins April 6.
Prospective buyers can get a look at horses cataloged for Keeneland's April sale of 2-year-olds in training via upcoming coverage on TVG and HRTV, and through live video on the track's website.
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.
Tom Aronson, one of the architects of the TVG racing network business plan in the late 1990s, has been hired as vice president of Churchill Downs Inc. to focus on development and innovation of the product.
TVG Network's parent company reiterated claims Feb. 28 that a likely parting of ways with Churchill Downs will not have much affect on the racetrack network's bottom line in 2007.
- By Ray Paulick
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, 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.
TVG announced Feb. 15 that it has discontinued negotiations on extending its television and advance deposit wagering contract with Churchill Downs Inc.
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.
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 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.
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.
TVG will begin offering daily coverage of racing from the United Kingdom and Ireland, as well as the premier harness meet at Meadowlands in New Jersey.
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 has won exclusive television distribution and account wagering rights from the New Jersey Sports and Exposition Authority for its racetracks, the network announced Dec. 8.
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 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 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.
Churchill Downs has filed a two-tier lawsuit against the operating company of TVG, seeking damages connected to the racetrack operator's joint broadcast venture in Great Britain and Ireland called "Racing World."
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.
As predicted, all-source wagering exceeded $140 million for the Breeders' Cup World Championships held Nov. 4 at Churchill Downs, according to official figures released Nov. 9.
Horseracing fans seeking kinship with fellow followers of the Sport of Kings can now find it via Myspace.com/tvgnetwork.
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.
Hollywood Park picked up an additional six days in the 2007 racing calendar approved by the California Horse Racing Board Oct. 26 at Arcadia City Hall.
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 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.
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.
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.
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.
Hawthorne Race Course, which opens for live racing Sept. 15, and TVG have ended their exclusive contract, which led the Illinois track to strike deals with Youbet.com and XpressBet to offer wagering on its signal.
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.
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.
Coverage of the first two days of Keeneland's September yearling sale, the September 11 and 12 select sessions, will be broadcast live in the United States by HorseRacing TV (HRTV) and on a tape-delayed basis by TVG.
TVG will make their isolated camera feeds and race replays available to Del Mar track stewards each Friday, Saturday, and Sunday through the end of the season, Tony Allevato, network executive producer announced Aug. 4.
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