Webis Holdings PLC WatchandWager's Kentucky license approved (7720R)
December 14 2016 - 2:00AM
UK Regulatory
TIDMWEB
RNS Number : 7720R
Webis Holdings PLC
14 December 2016
7.00am Wednesday 14 December 2016
WEBIS HOLDINGS PLC
("Webis")
WatchandWager's Kentucky license approved
ADW may now accept wagers from the Bluegrass State
The board of Webis, the Group specializing in pool wagering and
the operators of Cal Expo, the Californian harness track, is
pleased to announce that its Advanced Deposit Wagering (ADW)
business, WatchandWager.com LLC ("WatchandWager") received a
license approval from the Kentucky Horse Racing Commission on
Tuesday, December 13, with immediate effect and throughout 2017.
This means the company will commence taking live registrations,
deposits and wagering from residents of the State from Wednesday
14(th) December. The licence comes conditional on a $100,000 Bond
being lodged with the Commission and this is expected to be in
place early in January 2017.
With hundreds of horse farms, breeding farms, and training
centers in the state's Bluegrass Region, Kentucky is famously known
as the "cradle of horse racing" in the United States. Kentucky has
a population of over 4.4 million, many of them horse racing fans.
WatchandWager's presence in Kentucky began in 2013, and the
company's investment in the State expanded when it moved its
telephone call center from the Isle of Man in the United Kingdom to
Lexington, Ky., in 2015. WatchandWager's Lexington office now
serves as the operations center for the company. Another benefit of
the license is the Duties and Fees associated with it are
relatively modest compared to other larger States. This means
wagers will be accepted at a higher margin to WatchandWager than in
many other states.
WatchandWager President Ed Comins comments: "We are pleased to
add Kentucky to the ever-expanding list of states where
WatchandWager can accept wagers. Our company's experience in
Kentucky has been a very positive one, and being able to accept
wagers from residents of the State only cements this
relationship."
To mark the approval of its Kentucky license, for a limited time
WatchandWager is giving a special matching-deposit bonus to
Kentucky residents who successfully register and fund a new
wagering account. WatchandWager is known throughout the wagering
industry as the leader in cash-back bonuses, giving money back to
their players instead of "points" for their play.
For further information please select an appropriate contact
from our Media Contacts Page.
Ends
For further information please contact:
Ed Comins
Managing Director,Webis Holdings PLC
Operators of:
WatchandWager.com LLC
m: +1 925 336 4499
ecomins@watchandwager.com
www.watchandwager.com
www.webisholdingsplc.com
Webis Holdings plc Tel: 01624 639396
Denham Eke
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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