BNET Industries

Market Cap:$121.0M
Last Fiscal Year Sales:$138.1M
  • Public
  • US
Dow Jones Description

Youbet.com, Inc. (NASDAQ: UBET) is a leading domestic online horse racing and horse betting site, the exclusive provider of live horse racing footage and racing results to ESPN.com and CBSSports.com and a leading supplier of totalizator systems to the pari-mutuel industry. Youbet?s website enables its customers to securely wager on horse races at over 150 racetracks each year worldwide from the convenience of their homes or other locations. Through its online platform, Youbet offers members real-time wagering, co-mingled track pools, conditional wagering capabilities, high quality live audio/video, up-to-the-minute track information, mobile wagering, race replay library, simultaneous X2 Video multi-race viewing capability and sophisticated ROI-based player analysis tools. In addition, through its United Tote totalizator systems subsidiary, Youbet provides hardware and software to its track partners, allowing them to process pari-mutuel wagers, issue and pay tickets, and calculate payoff odds.

President & Chief Executive Officer
David Goldberg
Number of Employees 326
Contact Information

5901 De Soto Ave

Woodland Hills, California 91367

youbet.com

(818) 668-2100

NAICS Code Other Gambling Industries: 713290

Recent Events

  • Churchill Downs Agrees to Buy Youbet

    11/11/09 - Merger / Acquisition - View Story

  • Churchill Downs bets on online growth; buys Youbet.com for $127.8 million

    11/12/09 - Merger / Acquisition - View Story

  • Churchill Downs to buy Youbet Web site

    11/11/09 - Licensing / Contract - View Story

  • Former AGA Staff Member Hale Hired by Churchill Downs

    11/16/09 - Merger / Acquisition - View Story

  • Churchill Downs To Acquire Youbet.com For About $126.8 Mln - Quick Facts

    11/11/09 - Joint Venture / Alliance - View Story

  • YouBet.com remaining optimistic going forward

    11/19/09 - Merger / Acquisition - View Story

  • Youbet.com Names Dawn Haden President of United Tote

    10/10/09 - Mgmt. Change Entering - President - View Story

  • Social Networking From YouBet.com

    9/26/09 - Product Announcement - View Story

  • Youbet.com Launches WHODOYOULIKE.COM Social Networking Site for Horse Racing Fans

    9/16/09 - Product Announcement - View Story

  • Youbet.com to restate 1Q, 2Q financial results

    9/08/09 - Mgmt. Change Entering - CFO - View Story

  • Youbet.com second-quarter profit falls

    8/12/09 - Financial Announcement - View Story

News & Analysis

ebitda and youbet.com inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
David Goldberg President & Chief Executive Officer
Jeff Franklin First President, Youbet Online Services
Charles R. Bearchell CFO
Douglas W Tung Chief Technology Officer
Gary W. Sproule Chief Financial Officer
Archi Padilla Head, Member Services, Vice President, Hr & Admin
Michael D. Nelson Controller
Patrick Avakian Internal Auditor
Robert E Brierley
Gary Adelson Director
Governor Jim Edgar Director
R. Doug Donn Director

Board of Directors

Name (plus bio) Position
Michael Brodsky Chairman
Steven C Good Chairman
F. Jack Liebau Board of Directors
Guy J Chipparoni Board of Directors
James Edger Board of Directors
Joseph F. Barletta Board of Directors

Organization Position Status
Youbet.com Inc. President & Chief Executive Officer Current
Youbet.com Inc. Chief Operating Officer Former
Ticketmaster Executive Vice President Former
Sportvision, Inc. Executive Vice President, Corporate Development Former
Ticketmaster Marketing Director, Midwest Region Former
University of Chicago Graduate School of Business MBA Former
Northwestern University B.A., Economics Former

Organization Position Status
Youbet.com Inc. First President, Youbet Online Services Current
Youbet.com Inc. Executive Director, Product Former

Organization Position Status
Youbet.com Inc. CFO Current
Youbet.com Inc. -Nil- Former

Organization Position Status
Douglas W. Tung Chief Technology Officer for Youbet.Com Current
Youbet.com Inc. Chief Technology Officer Current

Mr. Sproule was appointed Chief Financial Officer in August 2005, a position he held from 2002 to 2004 when he began a one-year assignment as the company's Chief Operating Officer. He has been Secretary to the Board of Directors since September 2002. Prior to joining the company, Mr. Sproule served as Chief Financial Officer at Disney Interactive where he had worldwide finance responsibilities including strategic planning, controllership, operations, administration and information technology. Prior to Disney Interactive, Mr. Sproule served as Chief Financial Officer of WhatsHot Now.com and prior to that Chief Financial Officer of Magnet Interactive Communications. Mr. Sproule spent 25 years at UNOCAL, where he last held the position of Chief Operating Officer for the 76 Products Marketing Division.

Organization Position Status
Youbet.com Inc. Chief Financial Officer Current
Youbet.com Inc. Secretary Current
Unocal Corporation B.V. Chief Operating Officer Former

Organization Position Status
Youbet.com Inc. Head, Member Services, Vice President, Hr & Admin Current

Organization Position Status
Youbet.com Inc. Controller Current
Consolidated Film Industries Chief Financial Officer Former
University of California, Santa Barbara B.A. Former

Patrick Avakian is an Associate in the Firm's Los Angeles office and a U.S. Patent and Trademark Office registered patent attorney who specializes in intellectual property matters, corporate law, securities, legislation, and compliance. Mr. Avakian joined the firm with a great amount of experience in patent and trademark prosecution, portfolio management for both U.S. and international I.P. matters and client counseling. His prior experience includes compliance director and lead internal auditor for YouBet.com, and General Counsel at Fancy Foods, Inc. in international trade, business development, and IP development and licensing. Mr. Avakian was also a Judicial Extern for the Honorable Terry J. Hatter, Jr., Chief U.S. District Judge, researching intellectual property, evidentiary issues, and procedure. Other experience includes a law clerkship at Bollington, Stilz, Bloeser & Curry, and Patent and Trademark Assistant at Lyon & Lyon, LLP. Mr Avakian earned his bachelor's degree in biochemistry with a minor in physics at University of California, Santa Barbara. He attended Brooklyn Law School, where was the Moot Court finalist and in the top 10 percentile of the class, graduating with his J.D .from Pepperdine University School of Law in 2002. He is fluent in Armenian and conversant in French and Farsi.

Organization Position Status
Youbet.com Inc. Internal Auditor Current
Buchalter Nemer Llp Attorney Current
Fancy Foods Inc. General Counsel Former
Pepperdine University School of Law J.D . Former
University of California Bachelor, Biochemistry With A Minor In Physics Former

Mr. Brierley has extensive experience managing the growth of venture-backed and publicly traded technology companies. Spanning more than twenty eight years, his business career has included executive-level positions with responsibility for strategy formulation, business development, operations, merger and acquisitions and corporate finance. Mr. Brierley is a construction industry veteran from his six years with Phoenix Controls Corporation where as COO, he teamed with founder Gordon Sharp to refine the company's strategic focus. He was insturmental in directing the growth of the company into an industry leader and culminating in its sale to Honeywell, Inc. in 1998. More recently, Rob was CFO for Extraction Systems guiding the company through a recovery and rapid cyclical expansion. Mr. Brierley earned his MS in Management from the MIT Sloan School of Management.

Organization Position Status
Aircuity, Inc. President Current
Youbet.com Inc. Current
Phoenix Controls Corporation Coo Former
Extraction Systems, Inc Cfo Former
Phoenix Controls Corporation Founder Former
Honeywell Corporation Industry Leader Former
MIT Sloan School of Management Ms In Management Former
Principia College Bachelor's Degree Former

Michael Brodsky assumed his post in April 2008. He is responsible managing the nation’s leading online horse racing and wagering organization, with approximately 300,000 members and over $3 billion wagered. Mr. Brodsky joined the Youbet.com board as a director in June 2007, and was elected Chairman of the Board in February 2008 to June of 2008. He joined Youbet.com from New World Opportunity Partners, where he had been a Managing Partner since June 2005. Prior to that, Mr. Brodsky was the Chief Financial Officer of The Away Network, an online travel media company where he worked from 1999 until 2005. The Away Network owned and managed sites including Away.com, OutsideOnline.com and GORP.com. In 2005 Away was acquired by Orbitz.com and Cendant Corporation where he worked as VP, Finance, in Cendant's Travel Distribution Services Division. Mr. Brodsky holds a B.A. from Syracuse University, a J.D. from the Northwestern University School of Law and an M.B.A. from Northwestern University’s JL Kellogg Graduate School of Management.

Organization Position Status
Youbet.com Inc. Chairman Current
Youbet.com Inc. Chief Executive Officer Former
Away.com, Inc. Chief Financial Officer Former
Northwestern University School of Law J.D. Former
Kellogg School of Management at Northwestern University MBA Former
Syracuse University B.A. Former

Steven Good is a senior partner in the firm, and is actively involved in business consulting and advisory services for a sizeable and varied client base, which includes manufacturing industries, garment industries, medical services and real estate development. He also has extensive experience in acquisitions, merger transactions and business valuations. Mr. Good received his Bachelor of Science in Business Administration from the University of California, Los Angeles, where he also attended graduate school. In 1976, he founded Block Good and Gagerman, which later evolved into Good, Gagerman and Berns (1986), Good Swartz & Berns (1993), and now Good Swartz Brown & Berns (2001). Earlier in his career Mr. Good was a partner at Freeman Horowitz & Good, as well as Leventhal & Horwath, a national accounting firm. A founder and past Chairman of CU Bancorp, Mr. Good directed the bank's solid market position from 1982 through 1992. Mr. Good is actively involved in the Board of Directors of several public companies, leveraging his insight in this area for the benefit of his clients. Mr. Good is very active in the Los Angeles community, and continues to devote time to many charitable endeavors. In 1996 he completed a two-year term as Chairman of the Board for the Jewish Home for the Aging. During his tenure he also served on the various committees affiliated with all phases of The Home. Mr. Good is also a member of the Board of the American Friends of the Hebrew University and the Jewish Community Foundation. Mr. Good is former Founding Director of the ALS Association (Lou Gherig's Disease); a member of the Chancellor's Circle of UCLA; and former Chairman of the Marilyn and Monty Hall Statesman's Club of the Jewish Home for the Aging. He is founding President of the Santa Monica Synagogue. Mr. Good participates in other religious and non-religious organizations as well. He is a Director and past Vice President of The Guardians, and is also an active participant in both the Brentwood Country Club Chapter of the United Jewish Fund and Jewish Big Brothers. Mr. Good is an active member of: the American Institute of Certified Public Accountants; the National Association of Accountants; the California Society of Certified Public Accountants; and the Nevada State Board of Accountancy.

Organization Position Status
Good Swartz Brown & Berns Llp Partner Current
Good Inc. Senior Partner Current
Fors With Belgian Chocolate. Locations Independent Director Current
California Society of Certified Public Accountants Active Member Current
OSI Systems, Inc. Non-Executive Director Current
Youbet.com Inc. Chairman Current
Guardians Director Current
Fors With Belgian Chocolate. Locations Director Current
Kayne Anderson Mlp Investment Co Director Current
Arden Realty, Inc. Board of Directors Current
Kayne Anderson Energy Total Return Fund, Inc. Board of Directors Current
Hebrew University of Jerusalem Board of Directors Current
American Institute of Certified Public Accountants Board of Directors Current
American Friends of the Hebrew University Board Member Current
California Pizza Kitchen Inc. Director Current
Blease Board of Directors Current
OSI Systems, Inc. Director Current
California Society of Certified Public Accountants Board of Directors Current
American Friends Board of Directors Current
University of California, Los Angeles Member Current
California Society of Certified Public Accountants Active Member Current
American Institute of Certified Public Accountants Active Member Current
Guardians Vice President Former
Horwath International Former
Youbet.com Inc. Director Former
The Walking Company Holdings, Inc. Board of Directors Former
University of California Bachelor of Science Former
University of California, Los Angeles Bachelor of Science Degree In Business Administration Former

Organization Position Status
Youbet.com Inc. Board of Directors Current

A private consultant specializing in the media, sports and entertainment industries, Gary Adelson has served as a director since April 2002. He brings vast experience to Youbet.com from a wide range of professional disciplines. Currently the director of Small World Kids, Inc., a manufacturer and distributor of high-quality specialty toys and educational products, Mr. Adelson until September 2007 was the Managing Director of the international banking firm Houlihan, Lokey, Howard & Zukin. In June 2003 he co-founded and was a principal of Media Connect Partners, a provider of financial and operating advisory services to media, entertainment, sports and communications companies. In 1993, Mr. Adelson founded Interactive Cable Systems, a private cable and telephone company that was acquired by MCI. Mr. Adelson also has a long and celebrated career in the television and entertainment industry as a producer of television shows, mini-series and feature films including Eight Is Enough, The Last Starfighter, Hook, Universal Soldier, It Could Happen to You and the Emmy-winning Sybil. He is a member of the Academy of Television Arts and Sciences, Academy of Motion Picture Arts and Sciences, the American Film Institute and the Directors Guild of America.

Organization Position Status
Youbet.com Inc. Director Current
Academy of Motion Picture Arts and Sciences Board of Directors Current
Academy of Television Arts & Sciences Board of Directors Current
Directors Guild of America, Inc. Board of Directors Current
Small World Kids, Inc. Director Current
American Film Institute Board of Directors Current
Academy of Motion Picture Arts and Sciences Member Current
Houlihan Lokey Howard & Zukin Managing Director Former
Eight, Inc. Producer Former
Loudeye Corp. Former
University of California, Los Angeles B.A. in Economics Former

Organization Position Status
Res Publica Group Advisor Current
Youbet.com Inc. Director Current
Horizon Group Properties, Inc. Board of Directors Current
John B. Sanfilippo & Son, Inc. Board of Directors Current
Alberto-Culver Company Board of Directors Current
Public Affairs LLC Fellow Current
University of Illinois Fellow Former

Organization Position Status
Res Publica Group President Current
Res Publica Group Owner Current
Metropolitan Pier & Exposition Authority Board of Directors Current
Youbet.com Inc. Board of Directors Current
Res Publica Group General Manager Former
Hill & Knowlton, Inc. Senior Managing Director of Public Affairs Former
Navy Pier Chair Former
U.S. Bancorp Advisory Board Former
Illinois State University Bachelor's Degree In Journalism Former

Organization Position Status
Youbet.com Inc. Board of Directors Current

Organization Position Status
Distinction Limited Director Current
Silicon Prairie Partners Venture Capital Board of Directors Current
Youbet.com Inc. Board of Directors Current
Armanino Foods of Distinction, Inc. Board of Directors Current
Freedom Communications Inc. Chief Executive Officer Former
Daily News, L.P. Chief Executive Officer Former
Daily News, L.P. Chief Operating Officer Former
Freedom Communications Inc. Chief Operating Officer Former
Chicago Tribune Company Vice President Former
Seyfarth Shaw New York City partner Former
Chicago Tribune Company Executive Former
Armanino Foods of Distinction, Inc. Director Former

Mr. Donn, who served as CEO of Florida's Gulfstream Park Racing Association for 22 years and as Chairman for four years, is currently Chairman of the Community Bank of Broward and a member of the Board of Trustees of Nova Southeastern University, both in Fort Lauderdale. During his tenure, Gulfstream set Florida wagering and attendance records and secured for Florida the prestigious Breeders cup world Championship in 1989, 1992 and 1999. He is a founding Director of the National Thoroughbred Racing Association and an active participant in business and civic affairs through the Chamber of Commerce and various Broward economic development groups.

Organization Position Status
Nova Southeastern University Board of Trustees Current
Youbet.com Inc. Director Current
National Thoroughbred Racing Association Director Current
Gulfstream Park Racing Association Inc. CEO Former

Executive News

  • Youbet.com Promotes COO David Goldberg as President, CEO - Update

    RTTNews.com - 6/02/09 - View Story

  • Youbet.com appoints COO David Goldberg as its new President and CEO - Quick Facts

    RTTNews.com - 6/02/09 - View Story

  • Youbet.com Appoints Chief Operating Officer David Goldberg as New President and Chief Executive Officer

    Business Wire - 6/02/09 - View Story

  • Youbet.com Appoints Chief Operating Officer David Goldberg as New...

    MSN Money - 6/02/09 - View Story

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     UBET $2.90 0.00 (0.00% )
Average Volume 357,507
Shares Outstanding 41.73M
Market Cap 121.0M
Year High 3.91
Year Low 0.78
Earnings Per Share -0.21
P/E Ratio -13.81
Dividend N/A
Yield N/A
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