Webis Holdings PLC WatchandWager Receives West Virginia License (6360Z)
25 May 2021 - 4:00PM
UK Regulatory
TIDMWEB
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
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