Turf TV renew long-term contract with William Hill (6590P)
October 06 2011 - 2:00AM
UK Regulatory
TIDMTMW TIDMWMH
RNS Number : 6590P
Timeweave plc
06 October 2011
Timeweave plc
6 October 2011
6 October 2011
Timeweave plc
('Timeweave')
Turf TV renews long-term contract with William Hill
Timeweave is pleased to announce that William Hill Organization
Limited ('William Hill') has become the first customer to renew a
long-term contract with Amalgamated Racing Ltd ('AMRAC'),
Timeweave's joint venture company and owner of television channel
Turf TV.
The early renewal of the long-term contract will allow William
Hill to provide Turf TV's exclusive 'through-the-card' live
coverage of every horse race meeting from 31 of the 59 British
racecourses in all of William Hill's 2,370 betting shops.
The agreement, which runs until 2018, is Turf TV's first renewed
contract with a major UK-based bookmaker.
Timeweave CEO and AMRAC Board Director, David Craven, said:
"William Hill is an important customer of Turf TV representing
around 25% of the Licensed Betting Office market. William Hill
continues to place the interests of its customers first in securing
a renewal of the Turf TV service, providing coverage of the UK's
leading horse racing meetings through to 2018. We look forward to
continuing our strong relationship with William Hill and providing
our leading product to its licensed betting shops in the UK and
Ireland."
Ralph Topping, CEO for William Hill, added:
"We are the first major bookmaker to re-sign with Turf TV. This
agreement will ensure that, over the next few years, our customers
will be able to watch quality racing from some of Britain's best
racecourses, when having a bet with the UK's best bookmaker."
Notes to Editors:
About Turf TV:
Turf TV is a broadcast service owned by Amalgamated Racing Ltd
('AMRAC'), a joint venture between Timeweave plc ('Timeweave') and
31 UK racecourses. It was first launched in April 2007, and its
full service started on 1 January 2008. Turf TV broadcasts
exclusive live horse racing to Licensed Betting Offices from its 31
shareholder racecourses, which include Cheltenham, Ascot,
Newmarket, Aintree, Epsom, York, Goodwood and Chester.
About Timeweave:
Timeweave plc ('Timeweave') is the holding company of a group
which principally comprises a 50% holding in AMRAC, sports hedging
business SportingWins and cash deposits.
AMRAC is an equally-owned joint venture company between
Racecourse Media Services Limited (which is in turn owned by 31 UK
racecourses) and Timeweave. AMRAC holds exclusive licences with
these 31 racecourses to broadcast pictures, audio and data from
these courses to licensed betting offices in the United Kingdom and
Republic of Ireland on its dedicated television channel, Turf
TV.
SportingWins is the market leader in covering corporate risk
dependent on the results of professional sports events.
www.timeweave.com
Contacts:
Timeweave plc David Craven Tel: +44 (0)7738 438 376
Investec Bank plc Rowena Murray Tel: +44 (0) 20 7597 5970
This information is provided by RNS
This information is provided by RNS
The company news service from the London Stock Exchange
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