06/09/2004 11:00PM

Emerald Downs signs multi-year agreement with TVG


AUBURN, Wash. - Emerald Downs has signed a multi-year agreement with TVG for the exclusive television and account wagering rights to the track's races. The agreement also provides for source market fees to be paid to Emerald Downs when Washington residents wager through TVG.

TVG, a subsidiary of Gemstar-TV Guide International, Inc. and a marketing partner of the National Thoroughbred Racing Association, received a license to conduct advance deposit wagering in Washington on Thursday from the Washington Horse Racing Commission.

Legislation allowing advance deposit wagering in Washington was signed into law by Governor Gary Locke on April 1, 2004.