Youbet.com Appoints Chairman of the Board Michael Brodsky as new President and Chief Executive Officer

Youbet.com, Inc. (NASDAQ: UBET) announced today that its Board of Directors has appointed Chairman of the Board Michael Brodsky as its new President and Chief Executive Officer, effective immediately. Mr. Brodsky, who will retain the Chairman title, will replace interim CEO Gary W. Sproule, who is resigning from the company.