YOUBET.COM REVENUES IMPACTED BY SEPT. 11 ATTACKS

November 14, 2001 11:59 PM
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The Sept. 11 terrorist attacks "wreaked havoc" on pari-mutuel handle in the following weeks, resulting in a 16% drop for Youbet.com, the leading online horse betting company.

For the quarter ended Sept. 30, Youbet.com reported a pari-mutuel handle of $18.8 million, down from $22.4 million handled last year.

Revenue for the third quarter totaled $1.1 million, down 19 percent from the $1.4 million reported in the third quarter of 2000.