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Home > Company Index > Leisure > Gaming Activities > Youbet.com, Inc.
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Youbet.com, Inc. |
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NEWS FROM THE STANDARD |
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And They're Off!
Aug 21 2000 12:00 AM PDT
PROFILE |
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Youbet.com lets its customers watch and play the ponies nationwide. Its You Bet Network facilitates online wagering on horse races in most US states and Canada. Charging a flat monthly fee and a portion of each bet, Youbet.com lets customers place bets via a server in Pennsylvania, where betting on horse races over state lines is legal. Ladbroke, a Hilton Group subsidiary licensed to accept wagers, places the actual bets at 61 tracks. The firm paid a $1.3 million settlement and agreed not to accept bets from California residents. In 2001 the firm struck an important deal with Gemstar-TV Guide in which Youbet.com users can place wagers on races broadcast on TVG Network's horse racing channel. The deal also gives Gemstar warrants to purchase up about 19% of Youbet.com.
COMPETITION |
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American Wagering, Inc. (BETM)
Gemstar-TV Guide International, Inc. (GMST)
Multimedia Games, Inc. (MGAM)
DEALS |
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Deal: Youbet.com Partners With Daily Racing Form
Date Announced: 02.15.01
Value of transaction (US $Mil): 0
Description: Horse-racing betting site enters five-year partnership to provide wagering services to industry-information portal.
TRACKERS |
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Nov. 28, 2000 - LAYOFF TRACKER
34 laid off
Description: Conserving cash in order to proceed with the ongoing development of its horseracing business.
> More LAYOFF NEWS
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 6.00
1-Yr. Sales Growth: 57.9%
Employees: 76
Revenue per employee: $78,947.37
KEY PEOPLE |
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Robert M. Fell
CEO
Phillip Hermann
CFO
CONTACT INFO |
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5901 DeSoto Ave.
Woodland Hills, CA 91367
US
Phone: 818-668-2100
Fax: 818-668-2101
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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