Webis Holdings PLC Contract signed with HKJC (6948L)
January 13 2016 - 2:25AM
UK Regulatory
TIDMWEB
RNS Number : 6948L
Webis Holdings PLC
13 January 2016
Wednesday 13(th) January, 2016
WEBIS HOLDINGS PLC
("Webis" or "the Group")
WatchandWager.com LLC signs a three year contract with
Hong Kong Jockey Club Horse Race Betting Limited
Webis is pleased to announce that its subsidiary,
WatchandWager.com LLC ("WatchandWager"), has signed a further three
year contract with the Hong Kong Jockey Club Horse Race Betting
Limited, a wholly owned subsidiary of the Hong Kong Jockey Club
("HKJC"), to provide access to the HKJC pari-mutuel pools.
Headquartered in San Francisco, California, WatchandWager conducts
US licensed advanced deposit pool wagering and racetrack
operations.
WatchandWager was the first US based wagering operator to link
directly into the HKJC pools during the 2013/14 racing season, and
has continued as a partner this season. The operation has proved to
be a success both technically and commercially for both parties and
the new contract extends to the end of the 2017/18 racing season.
As recently reported, the connection to HKJC races was a
significant factor in the continued growth in turnover of the
WatchandWager operation.
Known for its massive wagering pools and elite level of racing,
the HKJC is regarded as one of the premier centers of horse racing
in the world. The 131-year-old HKJC had a record handle during
2014-15, with US$13.93 billion being wagered on races at Sha Tin
Racecourse and Happy Valley Racecourse last season. The HKJC is
especially popular among international horseplayers, who wagered
US$340 million into the HKJC pools during the same period, with
WatchandWager contributing significantly to that amount.
"This is a groundbreaking deal that looks set to significantly
improve WatchandWager's performance long term as well as likely
increase the growth of international money into the HKJC," said Ed
Comins, Managing Director of Webis. "It is an honour for
WatchandWager to renew its partnership with the HKJC and to be able
to offer world class racing to our customers. It is also a
testament to our level of compliance and reliability in the
regulated US market that we were approved for this extension. "
For further information:
Webis Holdings plc Tel: 01624 639396
Denham Eke
Ed Comins (USA) Tel: +1 925 336 4499
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish/James Biddle
This information is provided by RNS
The company news service from the London Stock Exchange
END
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