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Despite a favorable quarterly earnings report issued Tuesday, the per-share price for stock in Youbet.com was down more than 20% in trading on the NASDAQ exchange.
Tuesday, August 03, 2004Youbet.com has joined the National Thoroughbred Racing Association (NTRA) as a special member, the NTRA announced Friday.
Friday, June 25, 2004Youbet.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.
Wednesday, May 12, 2004The five account wagering hubs in Oregon handled $179,546,773 in the first quarter of 2004, up 13.16% from the first quarter of 2003. Several of the companies had record first quarters.
Friday, May 07, 2004Youbet.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.
Tuesday, April 27, 2004TV 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.
Friday, April 23, 2004After reaching a 52-week high Monday, shares in Youbet.com dropped 4.35% to $5.25 during morning trading Tuesday.
Tuesday, April 06, 2004TV Games Network will not exercise its warrant to become a majority shareholder in Youbet.com, though it will receive an additional 1-million shares in Youbet for providing notice of its decision prior to April 1.
Thursday, April 01, 2004Five account-wagering hubs in Oregon handled $226.97 million in the fourth quarter of 2003, up $75.72 million from the same period in 2002, according to Oregon Racing Commission statistics.
Tuesday, March 23, 2004The 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.
Monday, March 08, 2004Youbet.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.
Tuesday, February 24, 2004Youbet.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).
Thursday, February 12, 2004
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.
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.
Wednesday, January 07, 2004Handle 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.
Wednesday, January 07, 2004Youbet.com said Dec. 30 it hopes to strike a deal with Magna Entertainment Corp. to offer wagering on all the company's racetracks.
Wednesday, December 31, 2003Youbet.com said Dec. 30 it hopes to strike a deal with Magna Entertainment Corp. to offer wagering on all the company's racetracks.
Wednesday, December 31, 2003The 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.
Friday, November 07, 2003Youbet.com has hired two new marketing executives as regional general managers of Youbet's aggressive new business development program.
Thursday, October 23, 2003Youbet.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.
Thursday, October 23, 2003The 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.
Friday, September 19, 2003Youbet.com is poised to launch portable betting in the fourth quarter of 2003 through wireless technology such as java-enabled cell phones and handheld personal computers.
Wednesday, September 10, 2003TV 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.
Tuesday, September 09, 2003The 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.
Friday, August 29, 2003The value of Youbet.com's stock fell 14.1% Monday after the company released a quarterly earnings report that was below analysts' forecasts.
Monday, August 11, 2003Youbet.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.
Friday, August 08, 2003Account-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.
Thursday, May 29, 2003Youbet.com, Inc., the online live event and wagering company, announced Thursday that first quarter 2003 marked the company's fourth consecutive quarter of record growth.
Thursday, May 15, 2003Youbet.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.
Friday, April 18, 2003The per-share price of stock in Youbet.com soared in trading Monday on the NASD exchange, rising above the stock's previous 52-week high.
Monday, April 07, 2003The Television Games Network increased its handle by 251% from 2001 to 2002, the network announced Wednesday in releasing its final handle numbers for 2002.
Wednesday, February 12, 2003Online 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.
Friday, February 07, 2003Youbet.com, Inc. announced Monday that in the fourth quarter of 2002, the company produced the first cash flow positive quarter as measured by EBITDA in the seven-year history of the company.
Monday, January 27, 2003News and information: Thayer seeks public office... Churchill Downs completes deal with City of Louisville over racetrack property... Magna, Youbet.com enter into agreement.
Thursday, December 26, 2002Michael J. Veitch, the former executive of a technology magazine, has joined Youbet.com as its chief marketing officer, the company announced Thursday.
Thursday, October 17, 2002Youbet.com president Charles Champion has been promoted to chief executive officer of the online racing and wagering company effective immediately.
Thursday, September 12, 2002Youbet.com handled a record $16.7 million for the month of August.
Monday, September 09, 2002Youbet.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.
Thursday, August 15, 2002Youbet.com, an online racing and wagering service, had its stock listing moved to the Nasdaq SmallCap Market Aug. 9.
Tuesday, August 13, 2002The percentage of California handle attributed to advance deposit wagering (ADW) is slowly growing, with 5.7% of in-state handle now traced to bets made through one of three account wagering providers.
Friday, July 26, 2002The California Authority of Racing Fairs (CARF) has became the state's only racing association to complete agreements with all three licensed advanced deposit wagering companies.
Wednesday, July 10, 2002Former Illinois Gov. Jim Edgar has been appointed to the Youbet.com board of directors effective Wednesday.
Thursday, June 20, 2002Television Games Network has acquired 16.6% of Youbet.com's outstanding shares of common stock.
Thursday, June 13, 2002Youbet.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.
Thursday, June 06, 2002A licensing deal announced today by Youbet.com may put live odds and online audio and video streaming of selected races on ESPN.com as early as this weekend.
Tuesday, June 04, 2002Public companies with ties to Thoroughbred racing slumped from 1-20% Monday as the resignation of Tyco International's chairman and growing investor skepticism dragged down the entire market.
Monday, June 03, 2002Youbet.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.
Wednesday, May 22, 2002Youbet.com broke its single-day handle record of $1 million following the Preakness Stakes (gr. I) on May 18.
Tuesday, May 21, 2002The Nasdaq Stock Market notified executives at Youbet.com on May 16 that the company's stock was not in compliance with a $1 per share minimum standard and was subject to delisting.
Monday, May 20, 2002Youbet.com reported Monday that revenues rose 59% and operating expenses increased 32% during the first quarter of fiscal year 2002 and announced the election of Larry Lucas as chairman of the board.
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