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Youbet.com Shareholders Approve Churchill Downs Merger

7th April 2010 7:29 am GMT

At a special meeting convened yesterday, shareholders of U.S online horserace betting provider Youbet.com voted to approve the estimated $126.8 million merger with rival advance deposit wagering operator Churchill Downs Incorporated, in a deal which would enhance their combined presence in the U.S horseracing online wagering market.

Churchill Downs Incorporated (CDI), operator of U.S online wagering service TwinSpires.com, entered into a definitive merger agreement with Youbet.com last November under which CDI would acquire all of the [...]

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