Tag Archives: youbet.com
- Jacktrade illegal sports bet operation pleads guilty to Wire Act violation
November 29, 2012
Defunct Nevada company Jacktrade LLC has pled guilty to violating the Wire Act, bringing an end to a six-year investigation that indirectly ensnared Youbet.com, the online race betting outfit acquired in 2010 by Churchill Downs Inc. Details of the highly secretive case were kept under 'super seal' until Nov. 19,...
- Churchill Downs restructures chain of command
March 22, 2011
Churchill Downs Inc. (CDI) is mostly known as the site of the most exciting two minutes in sport, that being the Kentucky Derby. But as of late, it’s the company’s online presence as operators of TwinSpires.com and Youbet.com that has been boosting the bottom line. Certainly, CDI attributes a portion...
- Churchill Downs faces lawsuit for breach of contract
March 10, 2011
Churchill Downs has landed in some hot water as of late in attempting to run its online gambling business, this latest dust up could lead to a costly legal battle. The Illinois Harness Horsemen’s Association, Balmoral Park and Maywood Park have filed a $3.6-million lawsuit against Churchill Downs (CDI) alleging...
- Industry Dealings: Churchill Downs ahead of the pack
June 4, 2010
There were plenty of busy top lawyers this week as a number of major industry deals were being finalized with Churchill Downs Inc making the biggest moves. With the acquisition of Youbet.com, CDI can now merge platforms with its existing gambling platform TwinSpires.com in move that will likely bolster future...
- Churchill Downs revenues up, but so are net losses
May 6, 2010
Despite posting record first quarter revenues, Churchill Downs Inc. posted a net loss of $8.67M, or 64 cents per share. Nevertheless, CFO Bill Mudd is 'pleased with the results', largely because in the struggling horse racing business, simply opening one's gates each morning is viewed as a moral victory. Interestingly,...
Big Fish Games is Churchill Downs Inc’s top earner in Q1
April 28, 2015
Churchill Downs hits revenue record despite social casino slump
October 28, 2016
Who Might Be The Next Acquisition Target?
February 11, 2013