Webis Holdings PLC Contract signed to run Harness Racing, Arizona (7172H)
April 08 2022 - 2:00AM
UK Regulatory
TIDMWEB
RNS Number : 7172H
Webis Holdings PLC
08 April 2022
For immediate release 8 April 2022
Webis Holdings plc
("Webis" or the "Group")
WatchandWager signs contract to run Harness Racing at Arizona
Downs
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 principal USA based
subsidiary, WatchandWager.com LLC ("WatchandWager"), has this week
signed a contract with the owners of Arizona Downs racetrack in
Prescott Valley, Arizona for a commercial lease to operate live
Harness Racing, pari-mutuel wagering and food and beverage
operations at the venue, subject only to regulatory approval. This
is a significant new contract for WatchandWager, augmenting last
week's announcement of the extension of its contract to run live
Harness Racing at Cal Expo, in Sacramento, California, until
2030.
The contract is for five years to 15 November 2027, with an
option to renew for a further five years.
WatchandWager understand that the Arizona Department of Gaming
will consider the provision of regulatory approval, currently
expected to be in the summer of 2022. Shareholders will be kept up
to date with progress on the approval process and the plans for
live racing at the new venue.
For further information:
Webis Holdings plc Tel: 01624 639396
Katie Errock
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish/James Biddle
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END
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