UBET is up 15% today on news that the company signed a contract with Magna Entertainment Corporation (MEC) that gives Youbet customers live video and wagering access to all of the horse races staged at Magna tracks in 2005. MEC is North America's number one owner and operator of U.S. horse race tracks by revenues. According to the press release, "the agreement means that Youbet will once again carry content from the ten tracks Magna owns and operates outside of California".
Youbet.com is the largest Internet provider of thoroughbred, quarter horse and harness racing content in the United States as measured by handle data. Members can watch and, in most states, wager on the widest variety of horse racing content available via Youbet.com's website.