WatchandWager in Hong Kong Jockey Club deal

Webis Holdings San Francisco-based advanced deposit pool wagering subsidiary WatchandWager.com has inked an agreement with Hong Kong Jockey Club Horse Race Betting Limited which gives it access to the HKJC pari-mutuel pools.

In an announcement Thursday the US-licensed firm claimed that no other wagering operator in the world is currently able to wager internationally into these lucrative betting pools.

Connecting into the HKJC pools will commence with a select group of WatchandWager customers this Sunday, 16 March. 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.

Both parties have the option to renew the agreement for the racing Season 2014/15, the company notes, adding that the HKJC offers the highest quality of international racing and racing integrity and also provides significant pool liquidity across all its bet types.

As a result, WatchandWager expects the positive impact on its handle and gross margin to be substantial, especially should the agreement continue into a second season of racing in Hong Kong.

Ed Comins, president of WatchandWager.com, said: “The integrity of their international product and the huge pool liquidity are sure to be attractive to our players, especially with our high volume operators. As with many of our recent content license agreements, it was our licensed online and racetrack operations in the US, and our contributions back into racing both in the US and worldwide, which won us this important contract.”

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