Bets Up at TVG

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TVG Network said wagering rose 42% in 2004 compared with 2003, rising to $303,490,689 from $213,725,181.

The Gemstar-TV Guide International Inc.-owned horse-racing network said it set a single-day total-wagering record May 1 due to the Kentucky Derby.

TVG also posted a 14% increase in cable- and satellite-television distribution, and the network is currently available in more than 14 million homes.

“We are pleased about the growth of TVG’s television and wagering products,” president Ryan O’Hara said in a prepared statement. “In the coming year, we will continue to focus on creating a unique consumer experience through enhancements in TVG Network television programming and our online service, TVG.com [www.tvg.com], to further establish brand loyalty in the marketplace and create value for our distribution and racetrack partners.”

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