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#1
04-23-2007, 04:46 PM
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Youbet/TrackNet: Bettors Shafted/Trouble brewing
Youbet.com, Inc. (NASDAQ:UBET - News) said today that unless TrackNet Media drops its requirement that Youbet forego other premier races to carry the 2007 Kentucky Derby and other TrackNet controlled content, customers of the industry's largest ADW will not be able to use its website or phone facilities to wager on the first leg of this year's Triple Crown. TrackNet Media is a joint venture of Churchill Downs, Inc. and Magna Entertainment Corp.
"Instead of the broader, more inclusive distribution formula the industry has been promised, TrackNet presented us with an unreasonable either-or scenario," said Youbet CEO Charles F. Champion. "To carry this year's Kentucky Derby and its other content, TrackNet wants us to forego races from, among others, Aqueduct, Belmont, Saratoga, Del Mar, Keeneland, Oak Tree at Santa Anita, Saratoga Harness, Turfway Park, Turf Paradise, and Los Alamitos. "It ought to be obvious to everyone with a major investment in horse racing that we should not have to choose one content group over another when we are prepared to pay fair prices for both," said Champion. "Under these circumstances, we think the industry needs to assess the ramifications of the two most dominant content providers in our business coming together to dictate content alignment and economics by forcing choices on us and others that are sure to limit competition, thwart innovation, frustrate customers and stifle growth." 
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#3
04-23-2007, 05:17 PM
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#4
04-23-2007, 05:23 PM
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this is directly related as well to Ameritab's decision last week to go ahead and get the derby but lose all those tracks........take the derby, i will walk to my OTB and bet, but I dont want to lose EVERY track that runs this summer. Good decision by Youbet but they may pay for it.
__________________
"To learn who rules over you, simply find out who you are not allowed to criticize"...Voltaire
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#6
04-23-2007, 05:35 PM
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customers/players be damned....apparently
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#8
04-23-2007, 07:28 PM
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Bettors get the shaft again!!
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#9
04-23-2007, 07:31 PM
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you bet...no you dont...
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#11
04-23-2007, 07:48 PM
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Last time I was on the Youbet site (and it was a long time ago)
their attitude was basically USE IE (Internet Explorer) or GET LOST now, isn't this IRONIC boo, hoo, hoo, Youbet there's always a BIGGER BULLY around
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#12
04-24-2007, 03:53 AM
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The next year or two is going to be really interesting when it comes to this game...
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#14
04-26-2007, 11:13 AM
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Strong-arm tactics
Surprised no thread has mentioned this. From the TB Times Today:
The contract extension [of a subsidiary] comes just one day after Youbet went public with its dispute with TrackNet Media, a new media management and content sharing venture between Churchill and Magna Entertainment Corp. TrackNet wants the advance deposit wagering company to drop all content sublicensed by Television Games Network (TVG)—including the New York Racing Association, Keeneland, and Oak Tree at Santa Anita—in exchange for Magna and Churchill content. If the two companies do not reach an agreement, Youbet will not offer wagering on the Derby. Some have already capitulated - from my favored site, Brisbet: Effective Thursday, May 3, there will be changes to the AmericaTAB racetrack lineup. These changes are due to a recent decision to enter into an agreement with the newly-formed TrackNet Media Group LLC, a joint-venture between Churchill Downs, Inc., and Magna Entertainment Corp. AmericaTAB recently became the first account wagering company to sign a content agreement with TrackNet Media, making it a preferred TrackNet partner and giving our customers access to wagering on all Churchill Downs and Magna racetracks. At the time of this writing, effective on May 3, the following racetracks will not be available for wagering through AmericaTAB for the month of May: Through May 31, 2007: Domestic: International: Calder Race Course Japan Racing Emerald Downs Hollywood Park Arlington Park (until early Aug.) Los Alamitos New Jersey (Med, Mth) New York Racing Association (Belmont Park) Prairie Meadows In other words, no TVG contracted tracks.
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#15
04-26-2007, 11:22 AM
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Yeah, I'm still steaming from that e-mail from Brisbet last night. Hadn't been following this that closely so didn't realize they were involved, thought it was just a Youbet/TVG thing. Is there anywhere else that give free past performances for tracks you wager on? That is what I really loved about brisbet. I'm really considering pulling everything out of my account and only betting on track until they straighten this mess out. I wish Congress would step in and tell them unless they straighten this out that they will lose their exemption from the internet gambling ban.
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#16
04-26-2007, 11:24 AM
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I'm not happy -- Brisbet is what I use and I had fully planned on sitting around Derby Day and playing Arlington's opening weekend. No dice now.
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#18
04-26-2007, 11:44 AM
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Wonder what would happen if CDI/Magna had the bomb? YouBet and Brisnet headquarters would be effed.
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#19
04-26-2007, 11:58 AM
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These ADW's must not like compulsive gamblers
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#20
04-26-2007, 11:47 AM
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Hybrid Mode
