buying 10k UBET here $1.10-like their partnership with Gemstar-hold-
biz.yahoo.com
In the course of the AOL MarketTalk interview, Fell will discuss Youbet.com's formation of a strategic relationship with TVG, a wholly owned subsidiary of Gemstar-TV Guide International Inc. (Nasdaq:GMST - news), announced Monday, May 21, 2001.
TVG is a 24-hour interactive horse racing network available nationwide on cable and satellite systems with exclusive simulcast and interactive wagering rights to live racing from leading racetracks in the U.S. as well as intellectual property covering interactive wagering technology for a wide variety of communications platforms.
Under this long-term agreement, Youbet.com is licensed to deliver live audio and video content from, and facilitate wagering activity for, most of TVG's exclusive partner tracks. With virtually 100% of horse racing content available via The Youbet Network, this unique relationship substantially widens Youbet.com's market penetration and opportunities for growth while providing Youbet Network subscribers online wagering accessibility to the industry's premier racetracks.
The agreement gives Youbet.com a license to utilize TVG's patented wagering technology for online and automated telephone applications and the right to video stream and accept online pari-mutuel wagers on horse racing from virtually all of TVG's exclusive partner racetracks including Churchill Downs (owned by Churchill Downs Inc., Nasdaq:CHDN), Del Mar, Belmont Park, Aqueduct and Saratoga. |
