Webis Holdings PLC WatchandWager's Kentucky license approved (7720R)

TIDMWEB

RNS Number : 7720R

Webis Holdings PLC

14 December 2016

7.00am Wednesday 14 December 2016

WEBIS HOLDINGS PLC

("Webis")

WatchandWager's Kentucky license approved

ADW may now accept wagers from the Bluegrass State

The board of Webis, the Group specializing in pool wagering and the operators of Cal Expo, the Californian harness track, is pleased to announce that its Advanced Deposit Wagering (ADW) business, WatchandWager.com LLC ("WatchandWager") received a license approval from the Kentucky Horse Racing Commission on Tuesday, December 13, with immediate effect and throughout 2017. This means the company will commence taking live registrations, deposits and wagering from residents of the State from Wednesday 14(th) December. The licence comes conditional on a $100,000 Bond being lodged with the Commission and this is expected to be in place early in January 2017.

With hundreds of horse farms, breeding farms, and training centers in the state's Bluegrass Region, Kentucky is famously known as the "cradle of horse racing" in the United States. Kentucky has a population of over 4.4 million, many of them horse racing fans. WatchandWager's presence in Kentucky began in 2013, and the company's investment in the State expanded when it moved its telephone call center from the Isle of Man in the United Kingdom to Lexington, Ky., in 2015. WatchandWager's Lexington office now serves as the operations center for the company. Another benefit of the license is the Duties and Fees associated with it are relatively modest compared to other larger States. This means wagers will be accepted at a higher margin to WatchandWager than in many other states.

WatchandWager President Ed Comins comments: "We are pleased to add Kentucky to the ever-expanding list of states where WatchandWager can accept wagers. Our company's experience in Kentucky has been a very positive one, and being able to accept wagers from residents of the State only cements this relationship."

To mark the approval of its Kentucky license, for a limited time WatchandWager is giving a special matching-deposit bonus to Kentucky residents who successfully register and fund a new wagering account. WatchandWager is known throughout the wagering industry as the leader in cash-back bonuses, giving money back to their players instead of "points" for their play.

For further information please select an appropriate contact from our Media Contacts Page.

Ends

For further information please contact:

Ed Comins

Managing Director,Webis Holdings PLC

Operators of:

WatchandWager.com LLC

m: [phone]

[e-mail]

www.watchandwager.com

www.webisholdingsplc.com

   Webis Holdings plc                         Tel:        [phone] 

Denham Eke

   Beaumont Cornish Limited         Tel:        [phone] 

Roland Cornish/James Biddle

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEANADFDAKFFF

(END) Dow Jones Newswires

December 14, 2016 02:00 ET (07:00 GMT)