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Webis extends Cal Expo harness-racing contract

By BFN News | 07:42 AM | Thursday 09 June, 2016


Webis Holdings said its advanced deposit wagering (ADW) business, WatchandWager.com LLC, has extended its contract to operate Cal Expo Harness Racing, the Californian harness racing track based in Sacramento through to 2021. WatchandWager received unanimous approval from the Board of Directors at Cal Expo in Sacramento on 3rd June. WatchandWager entered into a contract to operate Cal Expo Harness in 2012. Since assuming the operator's license for Cal Expo, WatchandWager has been pleased with the progress that has been made by the track to date. The contract extension with WatchandWager guarantees that California harness racing fans and horsemen will continue to have a local venue for live Standardbred racing into the next decade. In addition to supporting live horse racing in California, WatchandWager's contract to operate Cal Expo Harness is a strategic trade license which enhances the ADW wagering business both in the US domestic market and on the international stage. By operating the only live harness racing track in California, WatchandWager has significant leverage in negotiating wagering contracts and licenses with domestic and international tracks and racing associations. Story provided by StockMarketWire.com

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