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Webis Holdings PLC (WEB)

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Wednesday 05 June, 2019

Webis Holdings PLC

WatchandWager renews contract with Hong Kong JC

RNS Number : 1419B
Webis Holdings PLC
05 June 2019
 

For Immediate Release

5 June 2019

 

WEBIS HOLDINGS PLC

("Webis")

 

WatchandWager renews contract with Hong Kong Jockey Club

Wagers will be accepted for Hong Kong through to 2022

 

The board of Webis, the Group specializing in pool wagering and the operators of WatchandWager Cal Expo, the Californian harness track, is pleased to announce that its Advanced Deposit Wagering ("ADW") business, WatchandWager.com LLC ("WatchandWager") has renewed its contract with the prestigious Hong Kong Jockey Club ("HKJC"). The renewal will continue to the end of the 2021-22 racing season, which typically ends in July.

The three-year agreement allows WatchandWager customers to wager directly into the pools offered at Hong Kong's famed racecourses, Sha Tin and Happy Valley.  The 134-year-old HKJC is a world-class racing operation that is known for its top-quality horses, huge fields, and massive wagering pools; with turnover from all operations totaling nearly US$ 30 billion for the 2017-2018 season. The HKJC is home to major international championship races including the Group 1 Hong Kong Cup, the Group 1 Hong Kong Gold Cup, and the Group 1 Hong Kong Vase. 

The relationship between WatchandWager and the Hong Kong Jockey Club began in 2013, when WatchandWager became the first international ADW allowed to offer wagering directly into the pools at Happy Valley and Sha Tin.  In the years following, the promotion of Hong Kong racing has become a cornerstone of the "WatchandWager Worldwide" marketing of international racing to US-based customers. Since the commencement of this commercial relationship, WatchandWager has facilitated wagers in excess of USD $100 million into the HKJC pools.   

Webis CEO and WatchandWager President Ed Comins praised the renewal with the HKJC:

"We are delighted to secure this contract extension with one of the most prestigious racing jurisdictions in the world, the Hong Kong Jockey Club," Comins said.  "The relationship between WatchandWager and the HKJC has benefitted both organizations, and we look forward to promoting their premier races to our customers for many years to come."

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

For further information:

 

Webis Holdings plc                        Tel:        01624 639396

Denham Eke

Beaumont Cornish Limited         Tel:        020 7628 3396

Roland Cornish/James Biddle

 


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