CDI acquires Youbet

[-BT-]

Originally Posted by reese

I don't think it is plus for bettors...no COMPETITION. Expressbet is a lagging third in this market. I've rarely seen a situation where 2 competitors merge and the consumer benefits.

pretty sure Expressbet is already owned by twinspires


-bt-

[reese]

Originally Posted by -BT-

pretty sure Expressbet is already owned by twinspires


-bt-

Uh, I think Magna owns Expressbet. Magna is in bankruptcy, so the final disposition of that assert is unknown.

[-BT-]

Originally Posted by reese

Uh, I think Magna owns Expressbet. Magna is in bankruptcy, so the final disposition of that assert is unknown.

Churchill, which owns four racetracks, has focused on its account-wagering business since 2007. In that year, Churchill formed a partnership with Magna Entertainment Corp. to buy and sell simulcast signals, launched Twinspires.com, and purchased three competing account-wagering companies in an effort to quickly expand its customer base.

sorry partnership

http://www.drf.com/news/article/108881.html

-bt-