Webis Holdings PLC New Agreement with Monarch Content Management (6610X)
December 22 2023 - 2:00AM
UK Regulatory
TIDMWEB
RNS Number : 6610X
Webis Holdings PLC
22 December 2023
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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END
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