REG - Webis Holdings PLC - New Agreement with Monarch Content Management

Webis HoldingsAnnouncement

22/12/2023 07:00

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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 (http://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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