UK-listed iGaming operator Webis Holdings has renewed its agreement to continue to offer wagering and live streaming content on racing content controlled by US racing and gaming operator Churchill Downs.

The deal sees Webis, through its US subsidiary WatchandWager.com, offer live streaming and advanced deposit wagering (ADW) from a number of Churchill Downs’ racetracks, most notably the prestigious Kentucky Derby which takes place later this week on May 3rd.

The agreement also includes wagering and streaming rights from the Churchill Downs, Arlington Park, Calder, Canterbury Park, Fairgrounds, Finger Lakes, Hoosier Park, Indiana Downs, Miami Valley, Oaklawn Park and The Meadows racetracks.

Due to be renewed on an annual basis, the original agreement between the companies was established on May 1st last year.

WatchandWager noted that the renewal of the contract coincided with the launch of the new enhanced mobile application, in parallel with an increase of marketing activity around the brand.

The company’s president Ed Comins commented that he was delighted to renew the agreement with Churchill Downs to cover the Kentucky Derby and other race meetings throughout the year.

“It’s a testament to our investment as a licensed US ADW and racetrack operator that one of the leading content providers in the US, and indeed the world, continues to extend our partnership,” Comins explained.

The deal strengthens WatchandWager’s international presence, with the company also active in markets such as France and Hong Kong through partnerships with Pari-Mutuel Urbain and the Hong Kong Jockey Club respectively.

Shares in Webis Holding plc (Co. Data) (AIM:WEB) have gained 3.70 per cent in London this morning to 3.50 pence per share following the announcement.

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