had a difficult start in the business world, enduring years of heavy financial losses as it attempted to develop a viable technological approach to attract the customers it sought. Through a relationship with TVG, a subsidiary of Gemstar-TV Guide International, Inc., is able to offer its subscribers the ability to place wagers on TVG's 24-hour horse racing network. generates revenues from transaction fees (typically 5.5 cents for every dollar wagered), subscription fees, and merchandise sales.
The state-licensed wagering companies actually place the bets of 's customers. operates only as an information web site. Through the company's advanced deposit wagering system, subscribers can place bets on more than 100 domestic and international horse tracks and, on its web site, watch live video and audio feeds of racing events. is a leading provider of services related to online parimutuel horse race wagering through its web-based application, Youbet Express. Employees: 81 Sales: $65.2 million (2004) Stock Exchanges: NASDAQ Ticker Symbol: UBET NAIC: 713990 All Other Amusement and Recreation Industries
Public Company Incorporated: 1987 as PC Totes, Inc. 5901 De Soto Avenue Woodland Hills, California 91367 U.S.A.
