WEBIS HOLDINGS PLC

Regulatory Filings • Jun 4, 2015

National Storage Mechanism | Additional information

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

RNS Number : 1653P

Webis Holdings PLC

04 June 2015

Thursday 4th June, 2015

WEBIS HOLDINGS PLC

("Webis" or "the Group")

WatchandWager teams up with New York Racing Association for American Pharoah's Triple Crown Bid

The Board of Webis Holdings Plc are pleased to announce that its subsidiary, WatchandWager.com LLC ("WatchandWager"), has renewed its Simulcast Wagering and Video Streaming Agreement with the New York Racing Association ("NYRA") to allow wagering from WatchandWager customers on all the racetracks operated by NYRA.  Headquartered in San Francisco, California, WatchandWager conducts US licensed advanced deposit pool wagering and racetrack operations.

This contract was signed this week, and then in accordance with New York statute, was formally approved to go live by the New York State Gaming Commission effective 4th June, allowing live wagering to continue seamlessly for this Saturday's Belmont Stakes, which features the Triple Crown attempt by American Pharoah on 6th June at Belmont Park itself.

The agreement is an auto-renewable evergreen extension contract and also covers the rights to video streaming of the races as well as pari-mutuel wagering rights. The contract includes three of the United States' most prestigious tracks located in New York state, namely Aqueduct, Belmont, and Saratoga, plus several others.

The contract is significant in that it reaffirms the strong business relationship between WatchandWager and NYRA, in a period where NYRA are focused on only selecting significant USA based licensed distributors, such as WatchandWager. The rolling annual renewal, which will automatically renew when the current contract expires, exemplifies the confidence that NYRA has in WatchandWager, and its reputation for compliance as a secure and dependable distributor of its racing product.

Ed Comins, President of WatchandWager.com LLC, said: "We are proud to be selected to take the NYRA signal and are delighted to be able to offer the Belmont Stakes to WatchandWager customers.  Like so many racing fans, we are excited about the possibility of American Pharoah winning the Triple Crown and we are glad that WatchandWager is able to share this historic event with our customers.  We look forward to Saturday's historic events, as well as growing our business relationship with NYRA over the coming year."

ENDS

For further information:
Webis Holdings plc	Tel: 1 925 336 4499
Ed Comins, Managing Director
Beaumont Cornish Limited	Tel: 020 7628 3396
Roland Cornish/ James Biddle
Britton Financial PR Tim Blackstone	Tel: 07957 140416

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSSDFWDFISELM