08/04/2003 11:00PM

TVG sued in Maryland


The Maryland Jockey Club has filed a lawsuit against Television Games Network, the 24-hour horse racing and wagering channel, claiming the network failed to bring in enough revenue to satisfy a contract it has with the Jockey Club, according to a report in Monday's Baltimore Business Journal.

The court documents were filed July 21 in U.S. District Court in Baltimore.

The suit alleges that TVG failed to maintain a three-month average of $230 million in monthly gross wagers by November 2001. The MJC and the Laurel Racing Association signed with TVG in 1997.

"We disagree with the position the MJC took in their [lawsuit], and we will vigorously defend our position," said John Hindman, general counsel for TVG, on Tuesday.

Last year, Magna Entertainment Corp. bought controlling interest in the MJC's tracks, Pimlico Race Course and Laurel Park. This year, MEC launched its own network, HorseRacing TV.