TVG Files Patent Infringement Lawsuit against Magna, HRTV and XpressBet

TVG,
America’s Horseracing Network, has initiated patent litigation proceedings
against Magna Entertainment Corp. (“MEC”), HRTV and XpressBet, Inc. in the
United States District Court for the Central District of California.

In the
complaint, TVG asserts that Magna, HRTV and XpressBet infringe two of its
patents, which cover important features of interactive wagering systems: audio
or video racing feeds, and wagering on multiple tracks. In the patent
infringement suit, TVG seeks monetary damages for infringement by Magna, HRTV
and XpressBet, as well as injunctive relief to prevent them from continuing to
infringe U.S. Patent No. 6,089,981 and U.S. Patent No. 6,554,709, each entitled
“Interactive Wagering Systems and Processes.”

More than
a dozen years ago, TVG pioneered the business of advance deposit wagering (ADW)
on horseracing, in a mutually beneficial partnership with the nation’s leading
racetracks. TVG’s long-standing efforts include substantial investments in
technology and innovation, which have allowed ADW to flourish and yielded a
substantial patent portfolio directed to interactive off-track wagering
systems. TVG is the owner of 17 issued

U.S. patents covering interactive
wagering systems, with more than 140 issued and pending patents worldwide. TVG
continues to invest in research and development to provide its customers with
unique, innovative opportunities to participate in the dynamic sport of
horseracing.

“TVG’s
industry-defining interactive wagering patent portfolio has been licensed by
the nation’s leading ADW providers, including YouBet.com and AmericaTab. TVG
has made numerous good faith efforts to engage Magna, HRTV and XpressBet in
similar licensing discussions, but to date, the defendants have been unwilling
to license patents from us,” said John Hindman, general counsel of TVG. “While
we have endeavored to work cooperatively with all industry participants, we
ultimately have a responsibility to protect our valuable intellectual property
from infringing use by others.”

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