13th Jan 2016 08:41
LONDON (Alliance News) - Gaming company and racetrack operator Webis Holdings PLC on Wednesday saw its shares rise in early trade after it said its WatchandWager.com LLC subsidiary has secured a three-year contract extension with Hong Kong Jockey Club Horse Race Betting Ltd.
The contract extension will see WatchandWager.com provide access to the Hong Kong Jockey Club's pari-mutuel betting pools, Webis said.
No financial details on the extension were disclosed.
"This is a groundbreaking deal that looks set to significantly improve WatchandWager's performance long term as well as likely increase the growth of international money into the HKJC," said Ed Comins, Webis' managing director.
Webis shares were up 26% to 2.33 pence on the news, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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