Keyword: Gary Sproule

  • Prairie Meadows Racetrack

    Iowa Track, Horsemen Partner on ADW System

    Prairie Meadows Racetrack and Casino and the Iowa Horsemen's Benevolent and Protective Association have announced they are collaborating on the development of the state's first legal online wagering platform.

  • Youbet: 2007 Loss Now $28.4 Million

    Youbet.com has restated its earnings for 2007 due to a recalculation of an earn-out payment to the former owners of defunct subsidiary International Racing Group, increasing its annual loss for the year to $28.4 million.

  • Youbet Regains NASDAQ Compliance

    Youbet.com announced May 21 it had regained compliance with NASDAQ trading requirements after its stock price traded above $1 for 10 consecutive business days.

  • Youbet Incurs Fourth-Quarter Losses

    Youbet.com reported March 31 it lost $28.7 million in the fourth quarter of 2007 on the same day it was notified by NASDAQ it faces delisting from the stock exchange.

  • Youbet 'Resolves' Part in IRG Inquiry

    Youbet.com said March 18 it had resolved its part in a federal investigation into its former International Racing Group subsidiary, and will not be charged in return for continued cooperation with officials.

  • Youbet Settles Lawsuit in Virginia

    A federal lawsuit between Youbet.com and several entities associated with Virginia racing has been settled, resulting in a renewed effort by the advance deposit wagering company to become licensed in the state.

  • Wanted: A Better Pari-Mutuel Model

    The head of the National Horsemen?s Benevolent and Protective Association has suggested the horseracing industry create an entity to assist in the marketing and distribution of its product, in this case racing signals.

  • Chuck Champion

    Champion Resigns Youbet Posts

    Chuck Champion has resigned his executive positions with Youbet.com, ending a five-year tenure that featured bouts of growth and turmoil for the advance deposit wagering entity.

  • TrackNet Takes Another Shot from Youbet

    Youbet.com directed more criticism at the controversial content alliance of Churchill Downs and Magna Entertainment May 8, with one executive telling analysts during an earnings conference that the partners in TrackNet Media Group "ended up shooting not only themselves, but an entire industry."

  • 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.