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Youbet Merger on Track as Churchill Downs Profit Falls

5th March 2010 8:42 am GMT

U.S online horserace betting provider Youbet.com has announced a special meeting to take place on April 6th 2010 where stockholders will consider and vote on the planned $126.8 million merger with Churchill Downs Incorporated, the rival advance deposit wagering operator which this week posted a 2% increase in net revenues to $439.7 million following strong growth in the company's online wagering service TwinSpires.com.

Churchill Downs Incorporated (CDI) and Youbet.com entered into a definitive merger agreement last [...]

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