Churchill Downs Agreement

RNS Number : 6842D

Webis Holdings PLC

01 May 2013

 



1 May 2013

WEBIS HOLDINGS PLC

("Webis" or "the Group")

WatchandWager.com secures US content licensing deal with Churchill Downs

The board of Webis, the Group specialising in the provision of sports betting, pool wagering and Californian harness racing, announces that its wholly owned subsidiary, WatchandWager.com LLC ("WatchandWager"), based in San Francisco, California, has signed a major content licensing contract with Churchill Downs Incorporated ("Churchill Downs"). Churchill Downs is the NASDAQ quoted group, specialising in racing, casinos and on-line gaming, with its headquarters in Kentucky.

The contract allows WatchandWager to offer wagering and video streaming on all Churchill Downs controlled racing content with immediate effect. This deal includes the prestigious Kentucky Derby, known globally as the "Run for the Roses", to be run this Saturday 4^th May at Churchill Downs.

The acquisition of new global content has been a cornerstone of WatchandWager's US development strategy. It also vindicates the recent publication of its Thoroughbred Racing Protection Bureau report, successfully demonstrating to the industry the emphasis on compliance, both within the US and internationally. It also reflects the benefit of the California licence and the bricks and mortar operation at Cal Expo racetrack. These initiatives have significantly improved WatchandWager's profile within the US online gaming industry and hence its ability to do transactions of this nature.

The Board believes the financial impact of adding Churchill Downs content and other global content will be significant. Wagering and streaming will be available via its new data enriched website, www.watchandwager.com and will both allow greater marketing opportunities and generate greater loyalty to the new site.

Ed Comins, Pari-Mutuel Operations Director of Webis said: "It is a great honour to have signed up with Churchill Downs, the acknowledged market leaders in our industry in the US. Allowing our players to watch and wager on events such as this Saturday's "Run for the Roses" will only help our platform. It is also a reflection of the benefits of our recent strategic investments in the US".

** ENDS ***

For further information, please contact: Webis Holdings plc
Garry Knowles, Managing Director	[phone]
Sanlam Securities UK Limited
David Worlidge	[phone]
Britton Financial PR
Tim Blackstone	[phone]

 

END

 

 

PRLSDFFUSFDSESL