22nd Dec 2023 11:00
(Alliance News) - Webis Holdings PLC shares jumped on Friday, after it said it has signed a new agreement with Monarch Content Management for 2024.
Shares in the Isle of Man-based gaming firm were up 39% to 1.39 pence each in London on Friday morning.
Webis said its advanced deposit wagering business, WatchandWager.com LLC, has renewed its agreement with Monarch Content Management Group to accept wagers on all Monarch-operated racetracks in 2024. Monarch manages the wagering and the live-video streaming services for 15 racetracks in the US, including Gulfstream, Santa Anita, Del Mar, Laurel, and Pimlico. The Preakness Stakes, part of US horse racing's 'triple crown' is held each year at Pimlico.
It said the renewal of the contract with Monarch adds to the array of content agreements held by WatchandWager, both domestically and worldwide.
Webis also said it has renewed WatchandWager's "major" regulatory licenses in the US and the Isle of Man.
Ed Comins, managing director of Webis, commented: "We are pleased with WatchandWager's continued association with Monarch as we move into 2024.
"We are confident that with planned ongoing software development and marketing activity, coupled with our extensive content agreements and regulatory licenses, that we will provide a full service to new and existing customers in 2024."
By Sophie Rose, Alliance News senior reporter
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