QUOTE AND NEWS
Comments for Value Uncovered  Jun 7  Comment 
Lately, my normal screening tactics have returned very few investment opportunities that satisfy my traditional ‘bargain bin’ value investment philosophy. Because of this, I’ve been doing more and more research on arbitrage opportunities...
New York Times  Jun 3  Comment 
Churchill Downs, the racetrack operator, completed its acquisition of online horse race betting site Youbet.com, The Associated Press reported.
COMMON STOCK $ENSE  Jun 2  Comment 
We've been tracking Churchill Downs' (CHDN) proposed acquisition of Youbet.com (UBET) since the deal was first announced last November given our ownership of Youbet.com. For reference, we posted our detailed Youbet.com long thesis in spring...
Globe Newswire  Jun 2  Comment 
LOUISVILLE, Ky., June 2, 2010 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI") (Nasdaq:CHDN) announced today that it has completed its merger with Youbet.com, Inc. (Nasdaq:UBET). "We are happy to now be able to move forward and continue the
Forbes  May 25  Comment 
Sector lags with names like Bank of Ireland and Woori Finance reeling.
COMMON STOCK $ENSE  May 18  Comment 
Readers know that we've been tracking the proposed acquisition of Youbet.com (UBET) by Churchill Downs (CHDN). We previously posited that certain catalysts might close to bring the share price of Youbet.com closer to that of the implied cash/stock...
Globe Newswire  May 11  Comment 
LOUISVILLE, Ky. and BURBANK, Calif., May 11, 2010 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI") (Nasdaq:CHDN) and Youbet.com, Inc. (Nasdaq:UBET) ("Youbet") announced today that the outside date for termination of their merger agreement
StreetInsider.com  May 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Youbet.com+Inc.+%28UBET%29+Posts+Q1+Loss+of+%240.01%2C+Misses+by+2c/5606537.html for the full story.
StreetInsider.com  Apr 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Youbet.com+%28UBET%29+Shareholders+Approve+Merger+Agreement+with+Churchill+Downs+%28CHDN%29/5508242.html for the full story.
COMMON STOCK $ENSE  Mar 31  Comment 
We've previously shared our estimate of implied value to Youbet.com (UBET) shareholders given the current share price of Churchill Downs (CHDN) and under multiple scenarios. Until last week, a sizable discount (approximately 10%) existed relative...




 

Youbet.com, Inc. provides technology and pari-mutuel horse racing content through Internet and telephone platforms in the United States, Canada, the United Kingdom, Australia, South Africa, and Hong Kong. The company's principal product Youbet Express offers interactive, real-time audio/video broadcasts, access to database of handicapping information, and the ability to wager on a selection of horse races. Its Website www.youbet.com and interactive voice recognition telephonic system enables its customers to wager on horse races at over 150 race tracks. Youbet also supplies totalizator systems, terminals, and other pari-mutuel wagering services and systems to the pari-mutuel industry. The company, formerly known as You Bet International, Inc., was founded in 1987 and is headquartered in Woodland Hills, California.




References

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