posted
Should be a very nice bounce Tuesday. Had good news on 12-26-2005. Signed a deal with another track....you can read but should be in the $5.00 range at the end of close tuesday.
Youbet and Magna Sign Simulcast Agreement for 2006 Racing Season; Agreement Lets Youbet Air Live Races and Handle Wagers Online Beginning with Today's Season Opener at Santa Anita 12/26/2005 9:00:08 AM
WOODLAND HILLS, Calif., Dec 26, 2005 (BUSINESS WIRE) -- Youbet.com, Inc. (UBET) said today that its advanced deposit wagering website has gained the right to simulcast all of Magna Entertainment Corporation's (MECA) live horse racing content during the 2006 season. The broadcasts were made possible when the two companies agreed last Friday to a new one-year contract. Financial terms were not disclosed.
The agreement allows Youbet to broadcast live races and provide online wagering services to its customers for every meet on the Magna schedule this year. The contract year begins today with the season-opening meet at Santa Anita Park in southern California. Among the events highlighting the 2006 Magna season is the 131st running of the Preakness Stakes, the second leg of racing's Triple Crown at Pimlico Race Course in Maryland on May 20.
In addition to Santa Anita and Pimlico, Youbet can carry thoroughbred horse races from Gulfstream Park in Florida, which opens its 2006 meeting on January 4; and from Lone Star Park in Texas, Laurel Park in Maryland, Thistledown in Ohio, Portland Meadows in Oregon, Great Lakes Downs in Michigan, Remington Park in Oklahoma, and Golden Gate Fields in California; and harness racing from The Meadows in Pennsylvania.
"We're pleased to be able to offer Magna racing content for 2006," said Jeff True, General Manager of Youbet's Western Region. "For our customers it means access to races from some of the best-known brands in the sport. Combined with our other programs, it also means that we can offer the best in racing from Santa Anita and Gulfstream through the Triple Crown and the Breeders Cup."
Youbet.com is the largest Internet provider of thoroughbred, quarter horse and harness racing content in the United States as measured by handle data published by the Oregon Racing Commission. Members can watch and, in most states, wager on the widest variety of horse racing content available via Youbet.com's website. Members enjoy features that include commingled track pools, live audio/video, up-to-the-minute track information, real-time wagering information, phone wagering, race replays, simultaneous multi-race viewing and value-added handicapping products. Youbet's Players Trust(SM) revolutionized advanced deposit wagering by placing player deposits in the custody of a major U.S. financial institution.
Youbet.com is an official online wagering platform of Churchill Downs Incorporated and the Kentucky Derby. Founded in 1997, Youbet is the exclusive provider of horse racing content for CBS SportsLine.com. More information on Youbet.com can be found at www.youbet.com.
This press release contains certain forward-looking statements. Statements containing expressions such as "may," "will," "project," "might," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," potential," "continue" or "pursue," or the negative or other variations thereof or comparable terminology used in Youbet's press releases and in its reports filed with the Securities and Exchange Commission are intended to identify forward-looking statements. These forward-looking statements, which are included in accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause Youbet's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although Youbet believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations. From time to time, these risks, uncertainties and other factors are discussed in Youbet's filings with the Securities and Exchange Commission. Such factors include, without limitation, the following: our successful acquisition and integration of United Tote; our ability to retain United Tote's customers; our ability to retain United Tote's key employees; the continued success of United Tote's business; the timely development and market acceptance of new products and technologies; our ability to secure financing on terms acceptable to us; our ability to control operating expenses; increased competition in the advance deposit wagering business; a decline in the public acceptance of wagering; wagering ceasing to be approved in jurisdictions where Youbet currently operates; the limitation, conditioning or suspension of any of Youbet's licenses; increases in or new taxes imposed on wagering revenues; the inability of the Company to successfully complete acquisitions and integrate acquired operations smoothly; loss or retirement of key executives; and a decline in the general economy. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Youbet does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
SOURCE: Youbet.com, Inc.
Youbet Jeff True, 818-668-2100 or Beacon Advisors Hud Englehart, 312-222-5801
Posts: 2367 | From: Detroit | Registered: Mar 2005
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