Games - Wednesday, November 11, 2009
Horse-Racing's YouBet Bought by Churchill Downs for $126.8M
![]()
Burbank-based Youbet.com, an online site focused on horse racing wagering and content, has been acquired by Churchill Downs for $126.8M. Churchill Downs is world-famous for its ownership of the Kentucky Derby, and they run other thoroughbred racing events. Churchill Downs said late Wednesday it would pay 0.0598 shares of its common stock, plus $0.97 in cash for each share of YouBet common stock.
Youbet.com (NASDAQ: UBET) is a US domestic online horse racing and horse betting site, and is the exclusive provider of live horse racing footage and racing results to ESPN.com and CBSSports.com. Youbet’s website enables customers to wager on horse races at over 150 racetracks worldwide.
Youbet offers members real-time wagering, co-mingled track pools, conditional wagering capabilities, live audio/video, up-to-the-minute track information, mobile wagering, race replay library, simultaneous X2 Video multi-race viewing capability and player analysis tools.
YouBet reported $70.8M in revenue through the first nine months of 2009. However, the firms fortune have seen a steep decline. Youbet.com posted third quarter net income of $878K or $0.02 per share, compared to $2.7M or $0.06 per share in the year-ago quarter.
YouBet Commercial
View - site
More Recent Articles
Does A Tough Quarter For Evergreen Solar And Energy Conversion Devices Mean First Solar Will Follow?
Tuesday February 9, 2010
Solar investors probably tossed and turned in their beds last night after reading the quarterly reports for Evergreen Solar (ESLR:NASDAQ) and Energy Conversion Devices (ECD) (ENER:NASDAQ). With both companies reporting revenue declines and larger th... Full Story
Petra Solar Raises $40M For Utility Pole Panels
Tuesday February 9, 2010
Petra Solar out of South Plainfield, NJ has raised $40M in 2nd-round funding. Craton Equity Partners and Espírito Santo Ventures co-led the round and were joined by return backers Element Partners, Blue Run Ventures, OnPoint Technologies and Kuwait... Full Story
Categories
- Venture Capital (288)
- Advertising (451)
- Aircraft (17)
- Alternative Energy (300)
- ASP (39)
- Batteries (10)
- Biometrics (3)
- Biotechnology (9)
- Communications (63)
- Digital Hollywood (18)
- Digital Home (35)
- eCommerce (468)
- Educational Software (31)
- eHealth (31)
- Email Software (7)
- Enterprise Software (260)
- Euro Ventures (129)
- File Sharing (23)
- Financial Software (43)
- Food (3)
- Games (185)
- Hardware (46)
- Homeland Security (7)
- IMterviews (6)
- IPO (42)
- Jobs (49)
- Media (360)
- Nanotechnology (14)
- Networking (95)
- News & Updates (1387)
- Online (17)
- Peripherals (42)
- Photo Software (49)
- Publishing (9)
- RFID (3)
- Robots (15)
- Satellites (8)
- Search (209)
- Security (95)
- Semiconductors (75)
- Social Networking (426)
- Space (1)
- Sponsored Post (11)
- Storage (41)
- Tech stocks (308)
- Telecom Equipment (16)
- Transportation (3)
- Video (234)
- Voice (67)
- Web 2.0 (140)
- Web Development (8)
- Where Are They Now (30)
- Wireless (384)







Post a comment