RNS Number : 6360Z
Webis Holdings PLC
25 May 2021
 

FOR IMMEDIATE RELEASE: 25 May 2021

 

Webis Holdings plc

("Webis" or the "Company")

 

WatchandWager Receives West Virginia Wagering License

New license allows company to accept online wagers from state residents

 

 

The board of Webis, the group specialising in pool wagering and the operators of WatchandWager and Cal Expo, the Californian harness track, is pleased to announce that its Advanced Deposit Wagering ("ADW") business, WatchandWager.com LLC ("WatchandWager") received a one-year ADW license approval from the West Virginia Racing Commission ("WVRC") on 18 May 2021. The license will be renewable annually.

The ADW license from the WVRC allows WatchandWager to accept wagers from the state's nearly 1.8 million residents. West Virginia is the home of Charlestown Races and Mountaineer Racetrack for Thoroughbreds, as well as Tri-State Mardi Gras and Wheeling Island greyhound tracks. The ADW license from the WVRC adds to WatchandWager's licenses from California, Colorado, Kentucky, Minnesota, New York, North Dakota, and Washington. Combined with WatchandWager's multi-jurisdictional ADW license from the North Dakota Racing Commission, the company can accept wagers from 25 states where online pari-mutuel wagering is legal.

Ed Comins, President of WatchandWager, commented:

"We are delighted to receive this license from the West Virginia Racing Commission for WatchandWager. We believe that this license will be mutually beneficial to both the company and the state in the forms of revenue and taxes generated from wagering. We are equally pleased to support West Virginia's horse breeding industry by making contributions to purse funds that reward the racing and ownership of West Virginia-bred horses and greyhounds."

WatchandWager will continue to monitor potential licensing opportunities and requirements, and the company will consider additional applications in due course under the advice of legal counsel.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

For further information:

 

Webis Holdings plc                           Tel: 01624 639396

Denham Eke

 

Beaumont Cornish Limited            Tel: 020 7628 3396

Roland Cornish/James Biddle

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
READKQBKPBKDOPB