Webis partners PMU to allow US customers to bet on French horseracing

AIM-listed Webis Holdings has signed a co-mingling agreement with France’s PMU which will allow US customers of its wholly-owned subsidiary WatchandWager.com to bet directly into the PMU racetrack pools.

Webis said that it expects to launch the new initiative in mid-June, with WatchandWager’s US customers also benefiting from the use of French horseracing data and video streaming on the website.

“Signing with the French PMU is another feather in the cap of WatchandWager’s US operation,” said Ed Comins, Webis’ pari-mutuel operations director. “The French have a heavy emphasis on compliance and wagering integrity, and to be granted the PMU rights demonstrates our commitment to these areas.

“We look forward to promoting French racing in our core market through the summer and in the run up to the prestigious Prix de L’Arc de Triomphe meeting in early October.”

The addition of the French PMU content adds to the growing list of thoroughbred and harness racing content available, including its core business of US thoroughbred and harness racing,
WatchandWager is now able to offer wagering on racetracks in key Tote territories including Canada, UK, Ireland, France, Sweden, Australia, Japan and New Zealand.

Earlier this week, Webis announced that it had re-branded its tote betting and Californian racing management division European Wagering Services as WatchandWager.com.

The company said that the change reflected its position as a multi-national provider of Tote betting services and to simplify its branding across all channels.

Shares in Webis Holdings plc (Co. Data) (AIM:WEBIS) are currently trading at 3.38 pence per share in London this morning.