TVG (Betfair US) and TrackNet Media Group Reach Agreement For Account Wagering

TVG Will Now Accept Wagers on All Three Triple Crown Races

LOS ANGELES, May 1 /PRNewswire/ -- TVG and TrackNet Media Group, LLC today
announced a deal allowing TVG to accept online wagering on TrackNet affiliated
tracks, including those operated by Churchill Downs Incorporated and Magna
Entertainment Corp. TVG customers will now be able to wager on races from
Churchill Downs and Pimlico Race Course, hosts of the Kentucky Derby and
Preakness Stakes, respectively. TVG and TVG.com were recently acquired by
Betfair, the world's largest, legal, online wagering company.

"We're delighted to reach an agreement with an esteemed partner like TrackNet,
the unrivaled leader in horse racing content in the United States," said
Gerard Cunningham, president of Betfair US. "The addition of the Kentucky
Derby and Preakness Stakes simplifies betting for our customers who can now
wager on all three Triple Crown events (from one account). This not only
benefits the betting public, but also horsemen, owners and the racing industry
as a whole."

As well as accepting wagers through TVG.com, TVG will also stream live video
content of races originating from all TrackNet race tracks. As a result of the
agreement, TVG's roster of tracks available for wagering and streaming expands
to include Arlington Park, Calder Race Course, Churchill Downs, Hoosier Park,
Laurel Park, Lone Star Park, The Meadows, Pimlico, Pinnacle Race Course,
Portland Meadows and Remington Park. HRTV will remain the exclusive
television broadcast company for races originating at all TrackNet affiliated
racetracks.

"Under Betfair's new ownership, TVG has made significant strides to ensure its
commitment to U.S. racing in a short time, and we're hopeful this partnership
will continue to evolve for the betterment of the sport," said Scott Daruty,
president of TrackNet Media Group, LLC. "TVG offers one of the most robust
wagering platforms in our industry and we are pleased that they will now join
all of the other major, national account wagering companies in offering the
TrackNet content."

About TVG
TVG, the official TV and Interactive Wagering partner of the National
Thoroughbred Racing Association (NTRA) and a subsidiary of Betfair Group Ltd,
the premier e-gaming betting community, is among the most widely distributed
horseracing networks in the world. TVG is the largest advance deposit wagering
company in the US, accepting over $500 million in wagers in 2008. TVG viewers
in certain areas can wager interactively on races via telephone, the Internet,
TVG Mobile or Interactive Television by establishing a wagering account online
at www.tvg.com or by telephone at 1-888-PLAY-TVG.

About TrackNet Media Group LLC
TrackNet Media Group, LLC is a venture of North America's premier horse racing
and entertainment companies, Churchill Downs Incorporated (Nasdaq: CHDN) and
Magna Entertainment Corp. TrackNet sells horse racing content from its stable
of racetracks to a variety of domestic and international wagering outlets,
including racetracks, casinos, off-track wagering facilities, and advance
deposit wagering companies. TrackNet also purchases horse racing content from
third party racetracks for distribution to its member racetracks and its
affiliated advance deposit wagering platforms, including XpressBet,
TwinSpires, WinTicket.com and BrisBET. TrackNet employs the highest standards
of wagering security and integrity when licensing horse racing content to
third parties to reduce the chances of signal piracy and ensure content
producers receive the compensation they are due. TrackNet is headquartered in
Louisville, Ky., and also has offices in Arcadia, Calif.

SOURCE TVG

Kyle Fratini of Red Consultancy for TVG, +1-212-529-8473,
Kyle.fratini@redconsultancy.com; or Scott Daruty of TrackNet Media Group,
+1-626-574-6322