13th Mar 2014 09:15
LONDON (Alliance News) - Webis Holdings PLC said Thursday its subsidiary WatchandWager.com has signed an agreement with the Hong Kong Jockey Club Horse Race Betting Limited.
Shares in the gaming and technology firm jumped in early trading after WatchandWager.com said the deal would provide access to the HKJC "pari-mutuel" pools.
The San Francisco head-quartered firm conducts US licensed advanced deposit pool wagering and racetrack operations.
The deal with HKJC is significant, said the firm, as "no other wagering operator in the world is currently able to wager internationally into these betting pools," it said.
Connecting into the Hong Kong Jockey Club pools will commence with a select group of WatchandWager customers on Sunday, 16 March, said Webis. WatchandWager will access the Hong Kong betting pools via Typhoon Hub Ltd, the first tote company to integrate into the Hong Kong Jockey Club pools this season, the firm said.
Both parties have the option to renew the agreement for the racing Season 2014/15, said Webis.
Shares in Webis jumped in morning trading, up 10.67% at 4.15 pence per share, the third biggest gainer on the AIM market.
By Alice Attwood; [email protected]; @AliceAtAlliance
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