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Webis Holdings plc's subsidiary, WatchandWager.com LLC, signed a contract with the owners of Arizona Downs racetrack. This five-year commercial lease, expiring on 15 November 2027 and including a five-year renewal option, is for WatchandWager to operate live Harness Racing, pari-mutuel wagering, and food and beverage operations at the venue. The agreement is subject to regulatory approval, which is currently expected in summer 2022.
| Date | 8 Apr 2022 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 7172H |
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