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Youbet.Com To Sponsor Preakness Shuttle Service

Youbet.com is providing shuttle service to and from the May 14 Preakness Stakes (gr. I) at Pimlico Race Course. The online wagering company is providing 10 coach buses to shuttle as many as 500 tourists from 16 hotels in and around Baltimore to the Preakness Stakes and back for this year's running of the second leg of the Triple Crown series.

Youbet.com Turns Profitable in First Quarter

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Youbet.com turned a profit for the first time in its history during the first quarter of 2004. The account-wagering company, which lost $1.2 million during the first quarter of 2003, had a net profit of $15,111 during this year's corresponding session.

TVG Unveils New Graphics, Says Audience Up

TV Games Network rolled out new graphics and features, which began appearing in conjunction with the opening of Hollywood Park's spring/summer season, at the April 22 California Horse Racing Board meeting. It also announced an increase in the number of viewers and a slight shift toward experienced racing fans.

AmericaTab Chief: 'Fragmented Industry' Must Change

The president of a growing account wagering service said handle declines at major winter meets aren't good for racing, and he suggested it's time for a "fragmented industry" to move forward in the best interests of its customers, racetracks, and horsemen.

Youbet, TVG End Proxy and Warrant Dispute

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Youbet.com has agreed to pay TV Games Network $725,000 and withdraw its proposed staggered board and supermajority voting proxy material in exchange for TVG dropping all pending litigation and related arbitration.

Youbet Continues Strong Performance in Fourth Quarter

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Youbet.com reported Thursday the fourth quarter of 2003 provided the eight straight quarter of net revenue growth for the company, though it continues to operate at a loss. Youbet also generated year-over-year increases in handle, net revenue, and earnings before taxes, depreciation, and amortization (EBITDA).

TVG, Youbet Reach Agreement in Dispute

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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.

AmericaTab Handle Jumps Despite MEC Blackout

Handle through the AmericaTab family of account-wagering services was up almost 90% the first six days of January even though the services weren't permitted to offer betting on Magna Entertainment Corp. racetracks, including premier meets at Gulfstream Park and Santa Anita Park.

AmericaTab Handle Jumps Despite MEC Blackout

Handle through the AmericaTab family of account-wagering services was up almost 90% the first six days of January even though the services weren't permitted to offer betting on Magna Entertainment Corp. racetracks, including premier meets at Gulfstream Park and Santa Anita Park.

Oregon Hub Handle Sets Another Quarterly Record

The National Thoroughbred Racing Association's operation of wagering hub in Oregon met with much resistance from some of its member racetracks at the beginning of the decade, but one thing's for certain: The concept has caught on, even though the NTRA is no longer a player.

Youbet.Com Makes Staff Changes

Youbet.com has hired two new marketing executives as regional general managers of Youbet's aggressive new business development program.

Youbet.com Names Regional Managers

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Youbet.com, Inc., a leading online wagering company for horseracing, named David B. Bonfield and Jeff True as regional general managers of the company's new business development program.

CHRB, Tracks Debate Account Wagering

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.

TVG Sues Youbet to Protect Voting Interest

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.

Oregon Hub Handle Clears $200M in Second Quarter

The five account-wagering companies that have multi-jurisdictional tote hubs in Oregon reported gains in handle in the second quarter of 2003 compared with the first quarter of this year. Total handle through the five hubs was $222.21 million, up about 150% from the second quarter of 2002.

Here and There...

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Youbet.com gets a new chairman... The Maryland Jockey Club and Magna Entertainment Corp.'s premiere of the movie "Seabiscuit" raised over $181,000 for two Maryland charities.

Youbet Settles Wood Trifecta Dispute

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Youbet.com will award "promotional credits" to settle a dispute with players who had winning trifecta bets from the April 12 Wood Memorial deducted from their accounts due to a tote system snafu.

Youbet.com Reports Record Monthly Handle

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Online wagering firm Youbet.com announced Thursday that monthly handle for January totaled more than $20 million, representing the largest monthly handle since the company began accepting wagers in 1997.

Here and There...

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News and information: Thayer seeks public office... Churchill Downs completes deal with City of Louisville over racetrack property... Magna, Youbet.com enter into agreement.

Youbet CEO Says Company is Strong and Growing

Youbet.com is on solid footing, according to the California online horse racing and wagering service's top executive. Chief executive officer David Marshall said he expects substantial increases in revenue and to secure additional capital within the next three months.

Youbet Moves to New Market

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Youbet.com, an online racing and wagering service, had its stock listing moved to the Nasdaq SmallCap Market Aug. 9.

Youbet.com Hires Exec Away from Disney

Youbet.com has hired Gary Sproule, a former Disney executive, as its chief financial officer. The California online racing and wagering company also announced a marketing agreement with California fairs.

Youbet.com Promotes Seven Managers

Youbet.com announced the promotion of seven managers Wednesday. Leading the list are former jockey agent Jeff Franklin who has become vice president of product management and Chris McConnell who is now executive director of track relations and player development.

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