TVG Revenue down for quarter ...

[Notso]

By MATT HEGARTY - Posted 11:40 am Revenue for Television Games Network in the second quarter of 2008 was $13 million, a decline of 13 percent compared to revenue of $14.7 million in the second quarter last year, according to financial documents released Thursday by the account-wagering company’s parent.

HATE TO HEAR SEE THIS HAPPEN ... I wonder if racing is doomed ???

[NoCal Boy]

By MATT HEGARTY - Posted 11:40 am Revenue for Television Games Network in the second quarter of 2008 was $13 million, a decline of 13 percent compared to revenue of $14.7 million in the second quarter last year, according to financial documents released Thursday by the account-wagering company’s parent.

HATE TO HEAR SEE THIS HAPPEN ... I wonder if racing is doomed ???

TVG revenue was down for the quarter only because the licensing fees they receive from Youbet on exclusive tracks dropped $3.3MM from 2007. This is due to far fewer TVG exclusive tracks on which Youbet pays TVG. NYRA, NJ and Hollywood Park are three examples of former TVG exclusive tracks. NJ and HP are TV exclusive but not wagering exclusive.