WEBIS HOLDINGS PLC

M&A Activity • Sep 15, 2014

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 6039R

Webis Holdings PLC

15 September 2014

September 15th, 2014

WEBIS HOLDINGS PLC

("Webis" or "the Group")

WatchandWager.com LLC announces two year contract with

Hong Kong Jockey Club Horse Race Betting Limited

The Board of Webis Holdings Plc is pleased to announce that its subsidiary, WatchandWager.com LLC ("WatchandWager"), has signed a further two year agreement with the HKJC Horse Race Betting Limited ("HKJC"), a wholly owned subsidiary of the Hong Kong Jockey Club 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. The operation proved to be a success both technically and commercially for both parties and this new two year contract for HKJC racing seasons 2014/15 and 2015/16 is testament to that.

The 2014/15 HKJC racing season commenced on Sunday 14th September at Sha Tin racecourse, and will run through to July 12th 2015. WatchandWager will access the HKJC betting pools via its Tote provider, AmTote International, based in Maryland, US. Access initially will be to selected account holders and shortly thereafter to be opened up to all USA clients via its website watchandwager.com and mobile product.

This two year contract provides for the ability to actively promote the HKJC product over the longer term and consequently the financial impact to WatchandWager operations from this deal is expected to be significant.

Ed Comins, President of WatchandWager.com LLC, said: "We are proud for the HKJC to award WatchandWager a contract for the next two racing seasons. Racing in Hong Kong offers integrity, consistent field sizes and the huge pool liquidity that many of our customers are seeking. We expect a great season of racing at Sha Tin and Happy Valley for our players."

*** ENDS *** For further information, please contact: Webis Holdings plc
Garry Knowles, Managing Director Ed Comins, Pari-mutuel Operations Director (USA)	+44 (0) 1624 652590 +1 925 336 4499
Beaumont Cornish Limited
Roland Cornish / Felicity Geidt	+44 (0) 20 7628 3396
Britton Financial PR
Tim Blackstone	+44 (0) 7957 140416

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTGGUGPBUPCGCW