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WatchandWager Approved For California Online Horse Racing

Friday January 10,2014 : WEBIS SUBSIDIARY SCORES CALIFORNIA ONLINE BETTING APPROVALS
 
WatchandWager.com granted approval to offer online betting on thoroughbred horse racing in California.
 
Webis Holdings subsidiary WatchandWager and the operators of Cal Expo, a Californian harness track, have announced the award of contractual approval from the Thoroughbred Owners of California to allow California residents to wager on thoroughbred racing taking place across the USA, and also all international jurisdictions for which it has the rights.
 
The approval follows WatchandWager's successful acceptance by the California Horse Racing Board as a licensed Advanced Deposit Wagering company throughout 2014.
 
The announcement sent Webis shares on the London exchange soaring over 20 percent Friday as investors piled in on the good news.
 
The agreement opens up a new pool of potential customers for WatchandWager, which can now accept Californian wagers on thoroughbred content through its website.
 
The agreement involves a statutory $50,000 one-off payment to the California Purse Fund - a contribution to prize money - and also ensures that a percentage of all bets placed by Californian residents directly benefits Californian Racing, in direct compliance with Californian statute.
 
The deal may also be subject to certain separate track group and media agreements, but WatchandWager is confident these will be in place over the coming months.
 
In order to support this initiative, WatchandWager has committed a substantial sum to marketing Californian Racing - thoroughbred, quarter horse and its own standard-bred product at Cal Expo.
 
The main marketing activity is expected to commence early in Q2 2014, and should lead to a significant increase in California player registrations and handle within its core US market.
 
Ed Comins, president of WatchandWager.com LLC, said: "Being approved by the TOC really is a big deal for WatchandWager.
 
“The California Racing market has been dominated by only three main ADW providers, and we are grateful to the TOC and CHRB in recognizing our investment, and wielding its influence to allow us into the market.
 
"For WatchandWager to be approved and operating as a first mover in the Golden State, will not only positively impact our business as a licensed Advanced Deposit Wagering operator, but also put WatchandWager in a very attractive strategic position as the debate regarding online poker is widely expected to hot up in California early this year. "



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Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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