| Business Summary | | Youbet.com,
Inc.
is
a
provider
of
online
live
event
sports
entertainment
and
wagering
and
other
forms
of
online
gaming.
The
Company
has
initially
focused
on
the
United
States
horse
wagering
market
and
its
principal
product,
the
You
Bet
Network,
is
a
PC-based
system
that
allows
a
subscriber
to
transmit
information
and
facilitate
wagers.
The
Company
provides
its
United
States
network
members
the
ability
to
watch,
access
a
comprehensive
database
of
handicapping
information
and,
in
most
states,
the
ability
to
wager
on
a
wide
selection
of
coast-to-coast
thoroughbred
and
harness
horse
racing,
via
its
exclusive
closed-loop
network.
The
You
Bet
Network
is
completely
interactive
and
provides
a
real-time
environment.
The
Company
does
not
actually
accept
or
place
any
wagers.
Wagers
are
accepted
and
placed
only
by
a
state-licensed
wagering
entity,
the
Ladbroke
Pennsylvania
facility. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Youbet.com,
Inc,
a
development
stage
company,
is
engaged
in
developing
PC-based
proprietary
communications
software
technology
to
be
utilized
by
consumers
for
online
entertainment
purposes.
For
the
six
months
ended
6/01,
revenues
rose
5%
to
$3.4
million.
Net
loss
before
extraordinary
item
fell
17%
to
$5.6
million.
Revenues
reflect
increased
wagers
placed
by
subscribers.
Lower
loss
also
reflects
decreases
in
salaries,
marketing
expenditures,
and
professional
fees. | More
from
Market Guide: Significant
Developments |
| | | Robert
Fell,
Chmn./CEO Ron
Luniewski,
Exec. VP/COO Phillip
Hermann,
Exec. VP/CFO Steve
Molnar,
Exec. VP. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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