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WatchandWager renews key California license

20 Nov 2020 07:00

RNS Number : 9473F
Webis Holdings PLC
20 November 2020
 

Webis Holdings PLC20 November 2020

WEBIS HOLDINGS PLC("Webis" or the "Group")

WatchandWager renews key California license

The board of Webis, the Group specializing 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") received its two-year license approval from the California Horse Racing Board ("CHRB") on 19 November 2020.

 

The two-year ADW license renewal from the CHRB is for the years 2021-2022, and it allows WatchandWager to continue to accept online pari-mutuel wagers from residents of California on its range of global content. The license renewal from the CHRB is strategically important to the Company, not only for its access to the biggest population in the United States and one of the largest economies in the world, but also for the potential of offering sports betting to California residents when the state legislature passes this into law. As shareholders are aware, the license sits alongside our long-term lease of the Cal Expo racetrack, adding an important physical, as well as on-line, presence in the state.

 

In addition to the California license renewal, WatchandWager executives have also renewed, or are in the process of license renewals, in Colorado, Kentucky, Minnesota, New York, North Dakota, and Washington. The Company does not foresee any expected issues that would delay or prevent them from being approved.

 

Ed Comins, President of WatchandWager, commented:

 

"We are pleased to receive this key license renewal from the California Horse Racing Board for WatchandWager. We believe that the tax, revenue, and jobs generated from this license will have an important benefit to the state of California, especially in light of the economic difficulties caused by the California wildfires and the COVID-19 virus. With this important license and our physical presence at Cal Expo in Sacramento, we believe that the passage of legalized sports betting will result in even more new jobs, duties, and tax revenue to the state. WatchandWager stands ready to be an active partner in supporting not only the state's racing and gaming industry, but also supporting the recovery of the state as a whole."

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

For further information: -

Webis Holdings plc

Beaumont Cornish Limited

Denham Eke

Tel: +44 (0) 1624 639396

Roland Cornish/James Biddle

Tel: +44 (0) 20 7628 3396

 

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UPDUKAURRSUAAUA
Date   Source Headline
10th Jan 201410:39 amRNSWatchandWager.com LLC approved by the TOC
3rd Dec 20131:17 pmRNSResult of AGM
28th Oct 20137:00 amRNSReport and Accounts for 52 weeks to 31 May 2013
25th Sep 20137:00 amRNSAppointment of Nominated Adviser and Broker
10th Sep 201311:52 amRNSStmnt re Share Price Movement
27th Aug 20137:00 amRNSCalifornia Racetrack betting approval
19th Jul 20137:00 amRNSCalifornia Betting Licence
16th Jul 20132:19 pmRNSTrading Statement
13th Jun 20133:03 pmRNSLaunch of Quickfire Poker
23rd May 20132:43 pmRNSNew pool betting contract
22nd May 201310:52 amRNSE W S to be called WatchandWager.com Limited
1st May 20137:00 amRNSChurchill Downs Agreement
17th Apr 20137:00 amRNSRe Contract
19th Mar 20137:00 amRNSChange of name of NOMAD and Broker
21st Feb 20137:00 amRNSHalf Yearly Report
21st Jan 20137:00 amRNSIssue of Equity
2nd Nov 20129:38 amRNSIssue of Equity
1st Nov 201212:58 pmRNSResult of AGM
9th Oct 20122:40 pmRNSIssue of Equity / Annual Report and Accounts
28th Sep 20122:28 pmRNSFinal Results
24th Aug 20127:00 amRNSCalifornian licence / Cal Expo agreement
17th Jul 20127:00 amRNSTrading Statement
5th Jul 20122:51 pmRNSHeads of Terms re Cal Expo race meet
27th Mar 201211:09 amRNSChange of Nominated Adviser and Broker
19th Mar 20127:00 amRNSDirectorate Change
2nd Feb 201210:09 amRNSHalf Yearly Report
19th Jan 20124:35 pmRNSDirectorate Change
28th Oct 20112:41 pmRNSAGM Statement
29th Sep 20113:25 pmRNSNotice of AGM
15th Sep 20117:00 amRNSFinal Results
20th Jul 201111:59 amRNSTrading Update
31st Mar 201111:00 amRNSTotal Voting Rights
24th Feb 201111:44 amRNSIssue of Equity and Holdings in Company
8th Feb 20117:00 amRNSHalf Yearly Report
17th Dec 201010:13 amRNSTrading Statement
17th Nov 20104:10 pmRNSAGM Statement
15th Oct 20107:00 amRNSFinal Results
9th Sep 201011:21 amRNSEWS - US acquistion and License
13th Jul 20107:00 amRNSTrading Statement
18th Jun 20107:00 amRNSNotice of pre-close trading update
20th Apr 20102:40 pmRNSDirectorate Change
19th Apr 20103:36 pmRNSHolding(s) in Company
3rd Feb 20107:00 amRNSHalf Yearly Report
1st Dec 20097:00 amRNSHorse Racing Sponsorship
30th Oct 20097:00 amRNSTrading Statement
23rd Oct 20094:06 pmRNSAGM Statement
5th Oct 200912:55 pmRNSNotice of AGM
23rd Sep 20097:00 amRNSFinal Results
13th Aug 20097:00 amRNSHorse Racing Sponsorship
13th Jul 20095:49 pmRNSHolding(s) in Company

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