Webis Holdings PLC Contract extended with French PMU (5568V)
April 19 2016 - 1:00AM
UK Regulatory
TIDMWEB
RNS Number : 5568V
Webis Holdings PLC
19 April 2016
Tuesday, 19th April, 2016
WEBIS HOLDINGS PLC
("Webis")
WatchandWager.com LLC extends wagering and streaming contract
with French PMU
WatchandWager.com LLC ("WatchandWager"), Webis's principal US
subsidiary, has extended its contract with the French Pari Mutuel
Urbain ("PMU") to provide its wagering customers access to betting
directly into the French horseracing pools. The deal also includes
video streaming of French racing to WatchandWager customers.
Headquartered in the San Francisco Bay Area, California,
WatchandWager conducts US licensed advanced deposit pool wagering
through its website, watchandwager.com, and also manages racetrack
operations at Cal Expo racetrack, Sacramento, California.
WatchandWager has partnered with the PMU for over two years, but
this extension to the end of 2016 is significant in that it renews
access to one of the largest global horseracing markets. In 2014,
total volume wagered into the PMU pools was Euro 9.16 billion. The
PMU are particularly forward thinking in successfully distributing
their premium content worldwide.
French horseracing is one of the premier centres of the sport in
the world. The quality of the product, coupled with the significant
size of the pools, is attractive to international players, for
which market liquidity is of a paramount importance. WatchandWager
expects a significant impact to turnover through the remainder of
2016 as a result of this contract renewal.
Ed Comins, Managing Director of Webis, said: "It is an honour
for WatchandWager to renew its partnership with the PMU and to be
able to offer world class racing to our customers. It is
particularly good time with the French core thoroughbred season
approaching full swing right now, and culminating in the Prix de
L'Arc de Triomphe meeting in October. We look forward to promoting
French Racing to our international customers throughout this
exciting time. "
For further information please select an appropriate contact
from our Media Contacts Page.
For further information:
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
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