Last checked at 22 Dec 2023 07:00
Webis Holdings plc
("Webis" or the "Group")
22 December 2023
WatchandWager signs new agreement with Monarch Content Management for 2024
The board of Webis, the Group specialising in pool wagering and the operators of WatchandWager Cal Expo, the Californian harness track, is pleased to announce that its Advanced Deposit Wagering ("ADW") business, WatchandWager.com LLC ("WatchandWager") renewed its agreement with Monarch Content Management Group ("Monarch") to accept wagers on all Monarch-operated racetracks in 2024.
Monarch manages the wagering and the live-video streaming services for 15 racetracks, including Gulfstream, Santa Anita, Del Mar, Laurel, and Pimlico. Gulfstream and Santa Anita Park are major racetracks during the winter and spring lead-up to the Kentucky Derby, and Pimlico is the home of the second leg of the US Triple Crown, the Preakness Stakes.
The renewal of the contract with Monarch adds to the array of content agreements held by WatchandWager, both domestically and worldwide. WatchandWager possesses the largest number of racetracks available to wager on globally, including the premier racetracks operated by Churchill Downs Incorporated ("CDI") and the New York Racing Association ("NYRA"). Those agreements give WatchandWager players full access to the US Triple Crown series in 2024. In addition to these domestic agreements, the company has renewed contracts with major international racing jurisdictions that include Australia, Canada, France, Hong Kong, Ireland, Japan, South Africa, and the United Kingdom.
In the meantime, Webis is pleased to confirm the renewal of WatchandWager's major regulatory licenses in the United States and the Isle of Man (UK). Among the licenses renewed are the strategically important multi-jurisdictional wagering license from the California Horse Racing Board (CHRB) and the North Dakota Racing Commission (NDRC).
Ed Comins, Managing Director of WEBIS Holdings, commented:
"We are pleased with WatchandWager's continued association with Monarch as we move into 2024. As previously stated, our key priority for the next year is to grow the business-to-consumer (B2C) operation through our online wagering platform, www.watchandwager.com. We are confident that with planned ongoing software development and marketing activity, coupled with our extensive content agreements and regulatory licenses, that we will provide a full service to new and existing customers in 2024."
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This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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