Eric Mitchell

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.

Real Quiet Lawsuit Dismissed

A U.S. District Court judge on Thursday ruled to dismiss a fraud and breach of contract suit involving the retirement of 1998 Kentucky Derby (gr. I) winner Real Quiet.

TVG Enjoying Triple Digit Growth

The TV Games Network is enjoying record growth due to the opening of Hollywood Park, the Kentucky Derby (gr. I), and an increasing popularity in Quarter Horse racing at Los Alamitos.

Scientific Games Posts Positive First Quarter

Scientific Games reported $5.4 million, a gain of 10 cents per common share, in net income for the three month period ending March 31. For the same period a year ago, the company reported a net income of $4.1 million or a loss of 10 cents per share.

Derby Berth Possible For Transy Winner

German-bred Flying Dash balked entering the gate in the $100,000 Transylvania Stakes at Keeneland Friday, but was full steam ahead at the wire. Attendance of 14,879 at the Lexington, Ky. track was the largest for a spring opening day since 1985. Attendance last year on opening day was 11,646.

Price Set for Magna Stock Offering, Stock Jumps

An offering of 20 million shares of Magna Entertainment (Nasdaq:MIEC) was priced at $6.65 Thursday through underwriters Bear Stearns. The update on the offering caused the company's stock to rise as much as 13.4 percent during trading on Friday.

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