Contract signed to run Harness Racing, Arizona

RNS Number : 7172H

Webis Holdings PLC

08 April 2022

 

For immediate release    8 April 2022

Webis Holdings plc

("Webis" or the "Group")

WatchandWager signs contract to run Harness Racing at Arizona Downs

The board of Webis, the Group specialising in pool wagering and the operators of WatchandWager Cal Expo, the Californian harness track, is pleased to announce that its principal USA based subsidiary, WatchandWager.com LLC ("WatchandWager"), has this week signed a contract with the owners of Arizona Downs racetrack in Prescott Valley, Arizona for a commercial lease to operate live Harness Racing, pari-mutuel wagering and food and beverage operations at the venue, subject only to regulatory approval. This is a significant new contract for WatchandWager, augmenting last week's announcement of the extension of its contract to run live Harness Racing at Cal Expo, in Sacramento, California, until 2030.

The contract is for five years to 15 November 2027, with an option to renew for a further five years. 

WatchandWager understand that the Arizona Department of Gaming will consider the provision of regulatory approval, currently expected to be in the summer of 2022. Shareholders will be kept up to date with progress on the approval process and the plans for live racing at the new venue.

For further information:

Webis Holdings plc  Tel:   [phone]

Katie Errock

Beaumont Cornish Limited  Tel:  [phone]

Roland Cornish/James Biddle

 

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