Youbet.com names interim CEO

WOODLAND HILLS, California -- (PRESS RELEASE) -- The Youbet.com, Inc. (NASDAQ:UBET - News) Board of Directors has named Gary W. Sproule interim Chief Executive Officer of the online advanced deposit wagering company effective December 11, 2007. Mr. Sproule, who has been with Youbet since 2002, has been Chief Operating Officer of the company since July of this year and previously served as Chief Financial Officer.

As interim CEO, Mr. Sproule will focus on Youbet's core online business including driving top-line revenue growth and ongoing initiatives to make the Youbet.com platform more efficient. Mr. Sproule is familiar with every aspect of the company's horse race wagering operations and its internet distribution channel, and the Company is confident that Mr. Sproule can help sustain Youbet's momentum while the Board engages in its search for the next Chief Executive.

Mr. Sproule stated, "The Company is committed to improving its service to core Youbet.com customers and, as importantly, its relationships with track partners and horsemen, in its ongoing effort to grow the overall business for the benefit of the industry. We believe the company is well positioned to leverage its industry expertise in what is the fastest growing segment of the pari-mutuel industry."

Prior to joining Youbet, he was CFO at Disney Interactive and spent four years as CFO of WhatsHotNow.com and Magnet Interactive Communications. For the preceding 25 years (1972-97), Sproule worked at UNOCAL, where he rose to become COO for the 76 Products Marketing Division.