A deal struck between TVG and the New Jersey Sports and Exposition Authority extends the network's previous agreement for rights to signals from Monmouth Park and Meadowlands, but allows the NJSEA to separately negotiate with entities affiliated with TrackNet Media Group.
Macrovision Corp., which develops technology to prevent unauthorized copying and viewing of video, music and other content, said Dec. 7 it will buy the parent company of TVG, Gemstar-TV Guide International Inc,. for $2.8 billion in cash and stock.
TVG will air special coverage of some of the world's top Thoroughbred races Thanksgiving week, including live broadcasts of the Hollywood Turf Festival, the Japan Cup program from Tokyo, and the Hill 'N' Dale Cigar Mile (gr. I) from Aqueduct.
Fueled by a record total from TVG, wagers handled through Oregon hubs jumped 19.7% for the third quarter of 2007, according to data released by the state's racing commission.
The impact of television on account wagering will be watched closely during an experiment in California that began Nov. 7 with the opening of Golden Gate Fields and Hollywood Park.
Hall of Fame jockey Gary Stevens has reached an agreement with HorseRacing TV to serve as an on-air analyst, the network announced Nov. 7.
California will embark on an eight-month experiment Nov. 7 that will allow all advance deposit wagering providers in the state access to all Thoroughbred signals.
HRTV and TVG will air live coverage of the Emirates Melbourne Cup (Aus-I), Australia's premier horse race, the evening of Nov. 5.
The parent company of TVG reported a record handle of $148.5 million for the third quarter of 2007, and announced a new wagering partnership in New York during a Nov. 1 conference call with analysts.
TVG is making exclusive video of selected daily workouts of Breeders' Cup contenders available to TVG subscribers through the network's Web site, the company announced Oct. 25.
Breeders' Cup Ltd. has anounced agreements to carry the World Championship signals with all major account deposit wagering platforms, including Youbet.com, which has been involved in a federal investigation regarding activities of its off-shore wagering entity, International Racing Group.
Advance deposit wagering, which in five years has grown to represent about 13.4 % of total handle through the California pari-mutuel system, was reauthorized by Gov. Arnold Schwarzenegger Oct. 13.
TrackNet Media Group is confident it will execute a contract to carry the Breeders' Cup World Championships signal, an executive with the content management company said Oct. 16.
TVG has taken umbrage with a published report about the joint dismissal of a lawsuit brought against the account wagering company by Churchill Downs Inc., claiming there was no settlement involved.
TVG will provide extensive live television coverage of Keeneland's fall race meeting, including live trackside broadcasts every Friday, Saturday, and Sunday during the first three weekends of the 17-day meet.
TVG, America's Horseracing Network, will provide live coverage of the entire fall season from Oak Tree at Santa Anita, including four grade I stakes on opening weekend, and the year's final "Win and You're In" Breeders' Cup Challenge Series races.
The president of a Louisiana horsemen's group has promised legal and legislative action if a solution isn't soon realized in the fractured advance deposit wagering industry.
The opening two days of the Keeneland September yearling sale are scheduled to be broadcast live by both HRTV and Racing World, and on a selected tape-delay basis by TVG.
A group of bettors frustrated with the fractured structure of advance deposit wagering are planning protests against racing entities they believe are responsible for the industry sector's ills.
The Jockey Club has weighed in publicly on the topic of account wagering economics, urging the pari-mutuel industry to urgently work together to devise a model that benefits horsemen, racetracks, and patrons.
TVG said July 26 it will televise the Old National Bank Claiming Crown, to be held Aug. 4 at Ellis Park in Henderson, Ky., and will accept all wagers on the event on a non-profit basis.
TVG announced July 25 that it will offer extended opening weekend coverage from Saratoga to air Saturday and Sunday, July 28-29. Opening weekend will include the debut of the $25,000 Breeders' Cup Challenge contest for TVG account holders.
Saying it was responding to the pleas of horsemen, TrackNet Media Group will offer Aug. 4 Claiming Crown racing at Ellis Park to arch-rivals TVG and Youbet.com, though a company executive said the move doesn't indicate a softening of the hard lines drawn by the parties.
TVG announced Monday, July 23, that it will air live racing and on-site programming during opening week of the 2007 Saratoga meet.
Horsemen are calling for an end to the stalemate over account wagering; and even though providers say they want it to end as well, there doesn't appear to be a resolution in sight.
TVG will kick off the 2007 season at the Del Mar Thoroughbred Club with live on-site coverage beginning July 18. TVG will broadcast live from Del Mar throughout the meet's opening week and every weekend, Friday through Sunday, until the season's conclusion Sept. 5. Special programming will include live editions of some of TVG's most popular shows and exclusive airings of several of the summer's premier Thoroughbred races.
Gemstar-TV Guide, which owns TVG, the account wagering service and horse racing network and publishes TV Guide magazine, said July 9 it had hired investment bankers to explore strategic alternatives, including the sale of the company.
TVG, in partnership with At The Races in the United Kingdom, will carry live racing from the prestigious Royal Ascot meeting, which runs June 19 through June 23. The partnership will allow racing fans in the United States to watch and wager on every race from the Royal Ascot,
The Longacres Mile (gr. III), the most important race in the Pacific Northwest since its inception in 1935, will be sponsored by TVG in 2007 and include Breeders' Cup incentives with a record $400,000 purse.
TVG has launched "TVG Progressive Jackpot," in which one entrant will win a prize of up to $150,000.
TVG will broadcast live from Belmont Park, including races June 8 and 9, leading up to the Belmont Stakes (gr. I) June 9. Through its exclusive partnership with the New York Racing Association (NYRA), TVG customers can wager on the $1- million Belmont Stakes.
By John McEvoy - I have been caught in the squeeze between aggressive corporations battling for monopolistic control of "the product" while turning a frigid shoulder to the people who purchase the product.
Kentucky racetracks and horsemen's groups will have to hammer out a new agreement on source-market fees now that Churchill Downs Inc. no longer has an exclusive agreement with account wagering provider TVG.
TVG has filed a lawsuit against Magna Entertainment Corp., HRTV, and XpressBet for alleged patent infringement, the company announced May 18.
TVG, America's Horseracing Network, will air a special live edition of Pick Six Central May 22 at 6 p.m. PT / 9 p.m. ET (with multiple repeats) to preview the two-day $850,466 Pick Six carryover at Hollywood Park for the May 23 eight-race program.
TVG has partnered with Comcast Cable to make the network available to its digital cable subscribers throughout New Jersey.
TVG has reached agreement with Comcast Cable to make the network available to its digital cable subscribers throughout New Jersey, it was announced May 17.
The financial results of the two biggest racing days for Churchill Downs Inc. show the company's new revenue model for account wagering can be successful, a company official said.
TVG announced that it will welcome its newest exclusive racetrack partner, Monmouth Park, with live on-track coverage of the 2007 racing season's opening weekend from the Jersey Shore racetrack.
Officials with Magna Entertainment spent a good deal of time May 9 highlighting the company's continued attack on staggering debt, and how it will correct an admittedly disappointing start for the slots operations at Gulfstream Park.
TVG May 9 announced that it reached an agreement with Dubai Sports Channel to significantly increase international exposure for American Thoroughbred horseracing by making the programming available to more than eight million homes across the Arabian Peninsula.
- By Ray Paulick
By Ray Paulick - Finally, after 23 years, Breeders' Cup officials can let out a sigh of relief. James Tafel's Street Sense proved that life does exist for a horse after winning the Bessemer Trust Breeders' Cup Juvenile (gr. I).
Gemstar TV Guide International Inc., publisher of TV Guide magazine and parent company of TVG Network, reported higher first-quarter profit May 3, as its interactive program guides for cable and satellite TV drove revenue.
Major horsemen's groups have banded together to ask racetracks and account wagering providers to make the Triple Crown races available to all wagering services in light of a conflict that is spreading ill will as horse racing's most prominent and lucrative day approaches.
State regulators have ordered the New York Racing Association to stop taking any Internet wagers from Connecticut residents, an embarrassing blow to NYRA on the first day of its new Internet wagering program.
Youbet.com won't be offering Derby wagering this year, but its customers will have a shot at $1 million in a contest tied to the two marquee races at Churchill Downs this Friday and Saturday.
TVG has a new distribution agreement with DIRECTV that will make the network available to an additional eight million subscribers of the satellite service.
TVG announced April 25 that it has renewed its agreement with Fox Sports Net West and Fox Sports Net Prime Ticket to exclusively air live horseracing from across the country.
TVG announced April 24 that it will broadcast from Hollywood Park's 68th spring/summer meet, which began April 25 at the Inglewood, Calif. track. Throughout the meet, TVG will present a $150,000 Guaranteed Pick Four each weekday and a $300,000 Guaranteed Pick Four on Saturdays and Sundays.
In response to a release and teleconference by Youbet.com Monday concerning an impasse in its negotiations with TrackNet Media Group over account deposit wagering, Scott Daruty, chief executive officer of TrackNet Media Group, released a statement outlining his company's position.
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