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.
Post positions for all 14 Breeders' Cup races will be drawn Oct. 21, with fields for 10 races drawn in the morning and four in the afternoon.
The Breeders' Cup and Television Games Network announced a renewal of TVG's sponsorship of the Breeders' Cup World Championships. For this year's event, the horse racing network and premier account wagering company will be the title sponsor of the $1 million Breeders' Cup Dirt Mile.
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.
The National Thoroughbred Racing Association, in conjunction with the New York Racing Association, announced that the Sept. 27 Jockey Club Gold Cup (gr. I) at Belmont Park will be televised live on ESPNEWS.
The Portland Meadows meet, which looked for a time like it might be canceled, is scheduled to kick off Oct. 5, despite ongoing issues in Oregon.
Despite 12 grade I stakes this weekend at Belmont Park and Oak Tree at Santa Anita, the only TV coverage will be provided by TVG and HRTV, although a spokesperson for the NTRA said the Jockey Club Gold Cup (gr. I), featuring Curlin, may be shown on ESPN Classic or ESPN News. That, however, has yet to be decided.
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.
TVG will air exclusive live, on-site coverage of various Breeders' Cup World Championships prep races, including the $500,000 Massachusetts Handicap Sept. 20. The race at Suffolk Downs is a Breeders' Cup "Win and You're In" event.
The first Quarter Horse race at Turfway Park since 1972, and the first held anywhere on Polytrack, will be held the evening of Sept. 12 at the Northern Kentucky track.
TVG will offer exclusive live coverage of Big Brown as he makes his final prep for the Breeders' Cup Classic (gr. I) in the $500,000 Monmouth Stakes Sept. 13 at Monmouth Park in New Jersey.
The attempt by the filly Peppers Pride to break the United States record for most consecutive victories in Thoroughbred racing will be broadcast live by TVG as part of its Labor Day weekend racing coverage from Ruidoso Downs in New Mexico.
Turfway Park said Aug. 20 it has received horsemen's consent to distribute its racing signal for the upcoming fall under the auspices of the present exclusive agreement with TVG, thus ending any speculation of a standoff similar to those plaguing other tracks.
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, 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.
Youbet.com, during an Aug. 5 conference call in which it reported a profit for the second straight quarter, said it is evaluating the effects of a possible merger with TVG.
A July 21 mediation session with a member of the Oregon Racing Commission yielded no agreement in a standoff between TVG and Portland Meadows on source-market fees, although progress was reported.
The Thoroughbred Horsemen's Group, which advocates a new economic model for pari-mutuel wagering and has been engaged in high-profile battles in the racing industry, isn't going away anytime soon, its president said July 18.
TVG and Portland Meadows have until July 21 to work out an agreement on source-market fees, or face the prospect of unspecified sanctions by the Oregon Racing Commission.
A fan-friendly experiment to share racetracks among California's advance deposit wagering companies has ended with the start of the Del Mar meet July 16.
Oregon horsemen claim they are caught in the middle of a battle between TVG and Magna Entertainment Corp. over source-market fees, a dispute they claim could jeopardize this year's Portland Meadows fall meet.
Handle jumped more than 50% in the first three days of the Ellis Park meet, which started a week late due to a disagreement over revenue sharing.
With the looming expiration of an experiment to share racetracks among account wagering companies in California, representatives continue to meet in hopes of an agreement in time for the start of the Del Mar summer meet July 16.
The Breeders' Cup announced July 1 the full 2008 TV schedule in for the 2008 Breeders' Cup Challenge Series that begins this weekend at Monmouth Park. Each of the 57 Breeders' Cup Challenge races will be televised, highlighted with telecasts on ABC, ESPN and ESPN2 in addition to telecasts on TVG and HRTV.
California's advance deposit wagering truce may be coming to an end.
The Colonial Downs signal will be barred to at least three wagering outlets for its upcoming live meet. The Virginia racetrack joins the list of tracks whose betting options have been curtailed by disputes with horsemen's groups over revenue sharing.
David Nathanson has been promoted to the newly-created position of president of TVG, the company announced May 19.
Advance deposit wagering through the Oregon hub system grew nearly 3% in the first quarter of 2008 despite an overall decline in national betting numbers in North America.
Presque Isle Downs is the latest track to get caught up in the battle over revenue sharing of online and telephone wagering companies as signals to many advance deposit wagering companies were cut off May 11 due to lack of agreements with the Pennsylvania Horsemen's Benevolent and Protective Association.
The new parent company of TVG reiterated in a recent conference call its plans to sell the horseracing channel, saying it hopes to do so by the end of the year.
TVG processed $108.8 million in total wagering during the first quarter of 2008, the highest first quarter total in the company's history and a 32% increase over the first quarter of 2007.
Churchill Downs Inc. and Magna Entertainment Corp. have pulled the plug on their involvement in Racing World UK, the United Kingdom broadcast and wagering venture launched two years ago.
Macrovision Corp. announced May 2 that it has completed its acquisition of Gemstar-TV Guide, the parent company of the TVG horse racing network.
The Thoroughbred Horsemen's Group claims it wants advance deposit wagering entities to pay a fairer share into purse coffers, but those on the other side of the negotiating table claim the math simply doesn't add up.
Wagering through the Oregon Racing Commission hub system jumped 17.4% in 2007, according to data compiled by the state regulatory agency.
Retired Hall of Fame jockey Chris McCarron will join TVG, America's Horseracing Network, as a member of the TVG broadcasting team, it was announced March 27. McCarron will make his on-air debut April 4, live at Keeneland Race Course.
Premier Turf Club has added Keeneland content to its list of track offerings, building on a business model that has allowed the North Dakota-based advance deposit wagering entity to realize four-fold growth in handle in the last few months.
TVG announced March 13 it has entered into a partnership to make horseracing programming from TVG Broadband, a new imprint offering digitized video for online media, available through Hulu's online video service, www.Hulu.com.
TVG broadcasts live from Tampa Bay Downs on March 15, covering four stakes races including the $300,000 Tampa Bay Derby (gr. III), the anticipated start for undefeated 2-year-old champion War Pass.
TVG has announced an exclusive multi-year agreement that ends an 18-month hiatus of Hawthorne Race Course from the racing network's line-up, and the Illinois track says it is all part of bigger plan to broaden its own plans for a self-run wagering entity.
The parent company of TVG Network reported the horse racing television channel realized a 10% increase in wagers processed for 2007, but saw overall revenues decline slightly for the year.
TVG announced that it has renewed its agreement with Fox Sports Net West and FSN Prime Ticket to exclusively air live horseracing from across the country.
TVG's will air on-site reports from the Northern California track.
Antitrust regulators cleared security-software maker Macrovision Corp.'s $2.8 billion purchase of television listings company Gemstar-TV Guide International, Inc., a government agency recently announced.
Overall wagering declined slightly in the United States in 2007 while purses increased, according to "Thoroughbred Racing Economic Indicators" data released Jan. 15.
TVG will broadcast the 37th Eclipse Awards ceremony Jan. 21 from the Beverly Wilshire Four Seasons Hotel in Beverly Hills, Calif.
By Dan Liebman - During dinner with colleagues the night of Dec. 29, a member of the party returned to the table and mentioned how the New York Giants were leading the New England Patriots in the fourth quarter. A television in an adjacent room was showing the game on CBS.
A contentious standoff over Gulfstream Park's racing signal has brought a chilling end to any warm fuzzies felt from the recent broad distribution deals emerging out of California, New Jersey, and New York.
The New York Racing Association has entered into a content exchange agreement with TrackNet Media Group for 2008, NYRA officials said Dec. 28. In addition, NYRA has new deals with TVG and Youbet.com for the upcoming year.
TrackNet Media Group and the New Jersey Sports and Exposition Authority have reached an agreement on content from Meadowlands and Monmouth Park for 2008.
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