LAS VEGAS, Nov. 5, 2009 (GLOBE NEWSWIRE) -- Players Network (OTCBB:PNTV), the leading Digital Television and Internet Media Network dedicated to Las Vegas Entertainment and the Gaming Lifestyle, announced today the launch of Players Network Racing, a legal, online live horse wagering site.
Players Network believes the site will produce large incremental revenues through real time betting. Players Network Racing is offering the latest in horse racing wagering systems developed by Pro Pick Racing, a Nevada corporation that provides a user-friendly horse race wagering platform, with live streaming video from 40 racetracks through North America and advice from professional handicappers that users can "follow" and place bets.
"The Players Network media distribution and format are a perfect fit for our software which has been developed to expand racing into a new consumer market. Betting on horse racing is a complex and challenging pastime. Our system makes it easy for casual and novice players to enjoy wagering with a greater confidence in winning," explained Tony Fontaine, President Pro Pick Racing.
Recently, Players Network has been making strong moves into the horse racing sector, with branded entertainment videos for the Breeders Cup (www.breederscup360.com) and the development of a branded simulation game with Horse Racing Simulation, LLC.
Fueling this move is Players Network's belief that horse racing can become the new poker, as it the only remaining online betting option for U.S. residents since changes in legislation limited online poker, and one that only a handful of companies can legally offer.
Players Network's gaming services are provided by U.S. Off-Track, LLC, a Delaware company with a Multi-jurisdictional Simulcasting and Interactive Wagering Totalizator Hub license with the State of Oregon.
About Players Network
Players Network is a Digital Media Company that focuses on the Las Vegas and Gaming Lifestyles, producing and distributing original content for its own VOD Channels on television in over 22,000,000 homes over Comcast, DirecTV, AT&T, Verizon and Dish Network and its own Broadband Network, Hulu, Blinkx, Google, YouTube and Yahoo Video, for DVD Home Video, mobile platforms, and through worldwide television syndication. Players Network has a 12-year history of providing consumers with quality Gaming and Las Vegas Lifestyle content, as well as strategic partnership services in Las Vegas, Atlantic City, and throughout the worldwide gaming industry. For more information go to www.playersnetwork.info.
The Players Network logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6398
Statement under the Private Securities Litigation Reform Act: With the exception of the historical information contained in this Release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to: the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to continue to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.