05/18/2003 11:00PM

Etc. . . .


Youbet.com, the online horse race wagering company, lost $1.2 million in the first quarter of 2003, or 5 cents a share, cutting its losses from the first quarter last year, when it lost $2.9 million, or 15 cents a share. Net revenue in the first quarter this year was $3.8 million on a handle of $61 million, compared with revenue of $1.7 million last year, when the handle was $27.1 million, while operating expenses increased $134,000 in the quarter over last year, from $3.22 million to $3.36 million. . . .Too Late Now ($13.60) easily defeated a talented group of 3-year-old fillies in the Grade 1 Selene Stakes at Woodbine on Monday. Trained by Jim Day, she won by 2 1/2 lengths over Handpainted, with Winter Garden third.