REG - Webis Holdings PLC - Contract signed to run Harness Racing, Arizona

Webis HoldingsAnnouncement

08/04/2022 07:00

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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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