Ahead of its planned merger with rival Churchill Downs, America's horse racing content and advance-deposit-wagering provider Youbet.com has reported a 2% increase in total revenues to $111.4 million for the year ended December 31st 2009, which coupled with a 26% reduction in operating expenses has led the company to its first annual profit in four years.
Revenues from the company's Youbet Express online wagering service increased by 6% year-on-year to $90.7 million, from a handle of [...]
