YouBet.com hails Frank's legislation
The head of the largest legal online gambling Web site in the U.S. has praised Barney Frank's online gambling legislation.

Harrah's supporting online gambling legislation
News brief: Harrah's Entertainment and Youbet.com are both supporting legislation that would legalize online gambling in the U.S.

TrackNet poised to cut off Nevada
News brief: TrackNet Media Group is poised to cut off its signals to more than 80 Nevada casinos Jan. 7 unless a new agreement on fees is met.

Youbet.com names former Ticketmaster executive Chief Operating Officer
The horse-racing content site has appointed David Goldberg C.O.O., who was the Executive Vice President at Ticketmaster.

Churchill Downs reduces purse
Churchill Downs Racetrack has been forced to reduce $975,000 from its stakes program for the upcoming 2008 Fall Meet through purse reductions in 11 stakes races and the elimination of two other stakes.

Churchill Downs elect directors
The board of directors of Churchill Downs Incorporated has elected James McDonald and Alex Rankin to the positions of director to serve until the 2010 annual meeting of the Company’s shareholders.

Churchill Downs donates to literacy program
News Brief: Officials from Churchill Downs Inc. report a $100,000 donation to Every 1 Reads, a partnership between Greater Louisville Inc., Louisville-Jefferson County Metro Government and Jefferson County Public Schools.