Youbet.com and minority shareholder TV Games Network have settled an ongoing dispute by agreeing to delay court proceedings and arbitration hearings over proxy materials sent to Youbet shareholders last fall.
TVG will broadcast live from the DRF/NTRA National Handicapping Championship Jan. 23-24 from Bally's in Las Vegas.
NBC Sports has won the Eclipse Award for National Television – Live Racing Programming for its production of the 2003 Preakness Stakes, the National Thoroughbred Racing Association announced Jan. 14. Other media Eclipse Award winners were also named.
Hollywood Park brings down the curtain on its 2003 Autumn meet this weekend with a pair of races for juveniles and juvenile fillies, Saturday's Hollywood Futurity (gr. I) and Sunday's Hollywood Starlet (gr. I).
TVG network is sponsoring a "Name That Colt Contest" in which the winner will share in the ownership of the February 2002 foal who is scheduled to begin his racing career in 2004.
TVG will present live, on-site coverage of the $1 Million Delta Jackpot, the nation's second richest race for Thoroughbred juveniles, tomorrow from Delta Downs. Post time for the race, which has drawn a field of 10, is 10:52 p.m. Chris Kotulak will be on hand to cover the action for TVG.
Three applications to conduct telephone account wagering in Virginia were submitted to the state racing commission during its monthly meeting Wednesday.
TVG will provide live, on-site coverage of Cal Cup XIV from Oak Tree at Santa Anita this Saturday on "Trackside Live!: Oak Tree."
Continuing to build on its increased distribution, TVG's handle on Saturday, the day of the Breeders' Cup World Thoroughbred Championships, was $3,362,026, 31.1% higher than on Breeders' Cup day in 2002.
Youbet.comcontinued strong gains in its online horse race wagering business during the third quarter of 2003, marking the sixth consecutive quarter in which the company has produced net revenue growth. Youbet also said it substantially increased operating capacity during the quarter.
As racing interests in California continue to study pari-mutuel wagering as it relates to out-of-state hubs and offshore operations, prices paid for signals are more and more becoming the focal point.
Former jockey Corey Black wears several hats these days. He's a high-profile and well-liked racing expert on TVG. He leads the Seabiscuit backstretch tours several days a week at Santa Anita. And he's the work rider for the sometimes-troubled John Deere Breeders' Cup Turf (gr. IT) favorite Storming Home.
U.S. viewers can catch the weekend's racing action from France on either TVG or HRTV, as both will feature coverage of France's group I races.
By Graeme Beaton -- We're all after that one horse that will show them who's best! The dream of that "Big One" keeps us going.
To comply with a court order handed down Thursday, Youbet.com will delay its annual shareholders meeting so it can provide information on the ramifications of a majority buyout by Gemstar Inc., parent company of Television Games Network.
The California Horse Racing Board took a first look at the knotted issue of changing the way account-deposit wagering is conducted in the state by requiring racetrack associations -- as a condition to operate -- to negotiate agreements for handling wagers with all legal operators.
National Museum of Racing to honor Peb...NJ holds Thoroughbred Festival Sept. 20...TVG Contestants Can Win a Date with Dergen... More racing programming hits the airwaves in Baltimore...Calder gears up for Festival of the Sun and Horse Fair 2003.
TV Games Network has filed a countersuit against Magna Entertainment Corp. in the brewing battle over the right to broadcast Maryland Jockey Club racing.
TV Games Network, a shareholder in Youbet.com with an option to buy a majority interest in the company, has filed a lawsuit against Youbet for proposed changes to voting and term limits for its board of directors.
TV Games Network will offer exclusive live network coverage of the Keeneland September Yearling Sale next Monday through Wednesday (September 8-10), with reports from the Keeneland Sales Pavilion beginning each day at 1 p.m. Eastern and continuing until 7 p.m.
TVG Network reported that revenues for the quarter ending June 30 totaled $3.9 million, an increase of 82.7% over the same period one year ago. For the first six months of this year, revenues rose 91.4% from the year-earlier period to total $5.8 million.
A lawsuit against TV Games Network was filed in U.S. District Court in Baltimore by the Maryland Jockey Club for the network's inability to maintain a three-month average of $230 million in gross handle, which the suit claims is part of the contract between the two entities.
- By Ray Paulick
By Ray Paulick -- It's almost August and the racing season is in full swing as major horses prep for this fall's Breeders' Cup World Thoroughbred Championships. Thanks to TVG, you can see it all from your living room.
Highlighted by record wagering on Kentucky Derby day, TVG posted the highest quarterly handle in company history for the quarter that ended June 30.
TVG will now be available on Cox Communications digital cable service in Santa Barbara and Bakersfield, California.
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.
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).
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."
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