WatchandWager extends HKJC contract to 2022

5 June 2019

London-listed Webis Holdings has announced that its advanced deposit wagering (ADW) business WatchandWager has renewed its commingling contract with the Hong Kong Jockey Club.

The new three-year agreement, which runs to the end of the 2012-22 racing season, allows WatchandWager customers to bet in the pools offered at Hong Kong’s Sha Tin and Happy Valley racetracks.

It continues a relationship that began in 2013, when WatchandWager became the first international ADW operator allowed to offer access to the Happy Valley and Sha Tin pools.

Since the partnership was first agreed, WatchandWager has added more than $100m (£78.6m/€88.6m) in amounts wagered to the Jockey Club’s pools.

"We are delighted to secure this contract extension with one of the most prestigious racing jurisdictions in the world, the Hong Kong Jockey Club,” Webis chief executive and WatchandWager president Ed Comins said.

"The relationship between WatchandWager and the HKJC has benefitted both organizations, and we look forward to promoting their premier races to our customers for many years to come.”

The Hong Kong Jockey Club is one of the world’s largest racing operations, with turnover for its 2017-18 season reaching $30bn. Its season includes major championship races such as the Hong Kong Cup, Hong Kong Gold Cup, and the Hong Kong Vase.