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CDI, Youbet.com Merger Date Extended

CDI, Youbet.com Merger Date Extended

CDI and Youbet.com extend the outside date for termination of their merger agreement, though merger still expected to close in second quarter of 2010

Youbet.com Reports Small First-Quarter Loss

Youbet.com reported a small loss for the first three months of 2010, noting there would have been a similar gain if not for $1 million in expenses tied to its impending merger with Churchill Downs Inc.

CDI 'Well-Positioned' to Make Other Deals

CDI 'Well-Positioned' to Make Other Deals

Churchill Downs Inc., which announced Nov. 11 plans to purchase Youbet.com and its United Tote subsidiary for about $126.8 million, is on the lookout for other prospective purchases in the area of Internet wagering.

Breeders' Cup Bracket Battles Round 2

Breeders' Cup Bracket Battles Round 2

Congratulations to Breeders' Cup Bracket Battles Round 1 winners. Round 2 voting is now underway. Cast your votes today and register for a chance to win weekly prizes from YouBet.com.

'Bracket Battles' Return to bloodhorse.com

BloodHorse.com has announced the return of the interactive game "Breeders' Cup Bracket Battles" presented by Youbet.com. Beginning Oct. 1, and for the five-week period leading up to this year's Breeders' Cup World Championships.

ADWs Grab Larger Share in First Quarter

Led by strong performances from Twinspires.com and Youbet.com, collective handle for the four largest domestic advance deposit wagering platforms increased by roughly 15% in the first quarter of the year, while their overall share of the national betting pie grew by more than 2%.

Preakness Yields Bountiful Handle Increases

Preakness Yields Bountiful Handle Increases

Wagering was up on several segments of the Preakness day card, according to data released May 18 by Maryland Jockey Club officials, fueled in part by the showdown between Kentucky Derby Presented By Yum! Brands (gr. I) winner Mine That Bird and Kentucky Oaks (gr. I) victress Rachel Alexandra.

Youbet Looking Beyond Racing for Growth

Youbet Looking Beyond Racing for Growth

Flush off a quarter in which it saw increased handle and profit, Youbet.com said May 13 it would look at possibly establishing a presence in another country in an effort to expand its wagering offerings beyond horse racing.

Youbet Regains Calder Signal

Youbet Regains Calder Signal

Youbet.com will carry the Calder Race Course signal for the live meet beginning April 24, saying the move is another building block on "continued cooperation" between parent company Churchill Downs Inc. and the advance deposit wagering entity.

Youbet Expands International Offerings

Youbet.com has signed three agreements that will enable its members to watch and wager on racing from South Africa, Sweden, additional tracks in the United Kingdom, and Puerto Rico, providing nearly 24-hour-a-day racing coverage.

'Big Four' Post Mixed Oregon ADW Numbers

'Big Four' Post Mixed Oregon ADW Numbers

Even though TVG, TwinsSpires.com, and XpressBet.com enjoyed handle growth in 2008, total wagers processed by advance deposit wagering entities through hubs in Oregon decreased for the first time this decade, though the numbers are skewed by actions related to another member of the "Big Four," Youbet.com.

ADW Agreement Reached in California

ADW Agreement Reached in California

An impasse in California over fee rates for interstate advance deposit wagering that has had a negative impact on Hollywood Park's fall meet ended Nov. 21 with the announcement that one-year deals with the four licensed providers in the state have been reached.

Youbet Reaches Settlement in IRG Deals

Youbet Reaches Settlement in IRG Deals

Youbet.com said Nov. 19 it has settled several disputes with the former owners of defunct off-shore wagering entity International Racing Group, a deal which features both cash and stocks changing hands, and mentions that a federal investigation into IRG may still be active.

FG Signal Going to Youbet, But Not TVG

FG Signal Going to Youbet, But Not TVG

The signal for the Fair Grounds race meet starting Nov. 14 will be available to a wider variety of advance deposit wagering outlets, a group that does not include TVG, Churchill Downs Inc. announced Nov. 12.

Youbet Focus of Potential Takeover?

Youbet Focus of Potential Takeover?

A public equity investment firm managed by the president and chief executive officer of Youbet.com is considering several options for the online wagering and tote company, including a potential takeover, according to a recent filing with the Securities and Exchange Commission.

Hollywood, Horsemen Reach Tentative Pact

Hollywood, Horsemen Reach Tentative Pact

California horsemen and Hollywood Park reached a tentative agreement Oct. 10 that allows the track to operate its 40-day autumn race meet, but a stalemate over host fees to be paid by account wagering companies for interstate bets remains unresolved.

ADW Model: Who's Right, Who's Wrong?

Support for reform of the revenue model for advance deposit wagering continues to increase, but as evidenced Sept. 30 during the International Simulcast Conference, it's looking more and more like a long-term project.

No ADW Issues Evident at Hawthorne

No ADW Issues Evident at Hawthorne

While signal distribution at racetracks continues to be a hot topic in the horse racing industry, that doesn't appear to be the case at Hawthorne Race Course, which opens its meet Sept. 26.

Hollywood, Horsemen Squabble Over ADW

With horsemen and Hollywood Park unable to come to agreement on revenue splits from account wagering sources for the upcoming autumn meet at the Inglewood track, the California Horse Racing Board agreed to conduct a special hearing to settle the impasse.

Ziegler Named Youbet.com Senior VP

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Ziegler Named Youbet.com Senior VP

Mike Ziegler, most recently vice president and assistant general manager at Hollywood Park, has been named senior vice president of California-based Youbet.com, the company announced Sept. 16.

Several ADWs Increase Handle in Oregon

Several advance deposit wagering entities posted increased handle through the Oregon hub system in the second quarter of the year, despite an overall national decline blamed primarily on a revenue-sharing dispute between horsemen's groups and various tracks.

TVG Sale Process 'Moving Foward'

TVG Sale Process 'Moving Foward'

TVG, which posted partial-quarter net revenues of $8.8 million for new owner Macrovision Solutions Corp. Aug. 7, is still on the sales block. Officials with the parent company said the horse racing network has received multiple inquiries from undisclosed suitors.

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