Webis Holdings subsidiary extends French contract

Webis Holdings’ US subsidiary, WatchandWager, has extended its contract with French gaming operator Pari Mutuel Urbain to provide its wagering customers access to betting directly into the French horseracing pools.

The deal, for which no financial details were disclosed, also includes video streaming of French racing to WatchandWager customers.

Webis said WatchandWager has partnered with the PMU for over two years, but this extension to the end of 2016 is significant in that it renews access to one of the largest global horseracing markets.

In 2014, total volume wagered into the PMU pools was €9.16bn.

Ed Comins, managing director of Webis, said: "It is an honour for WatchandWager to renew its partnership with the PMU and to be able to offer world class racing to our customers.

“It is particularly good time with the French core thoroughbred season approaching full swing right now, and culminating in the Prix de L'Arc de Triomphe meeting in October. We look forward to promoting French Racing to our international customers throughout this exciting time. "

At 0900 BST, Webis shares were up 62% to 1.18p.