Merger agreement between Webis Holdings’ subsidiary and Pari Mutuel Urbain
Only a few days after rebranding its European Wagering Services Limited tote betting and Californian racing management division as WatchAndWager.com Limited, online casino and sportsbetting provider Webis Holdings has now announced that the subsidiary has signed a direct co-mingling contract with Pari Mutuel Urbain (PMU) for wagering on French horseracing.
Isle of Man-based Webis Holdings is also the operator of the BetInternet.com and Link2Bet.com domains and stated that the deal will allow WatchAndWager.com’s customers in the United States bet directly into PMU racetrack pools daily.
Webis Holdings described the agreement as ‘significant’ and revealed that is also set to see French horseracing data and video streams utilised at WatchAndWager.com from mid-June.
“Signing with the French PMU is another feather in the cap of WatchAndWager.com’s US operation,” said Ed Comins, Parimutuel Operations Director for Webis Holdings.
“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.”
PMU is owned by the French Racing Association and operates land-based and online parimutuel wagering on domestic and international horseracing and reported total turnover last year of €9.818 billion ($12.686 billion).
“The contract with PMU is significant in that many other advanced deposit wagering companies in the United States do not currently offer the ability to bet on French content,” read a statement from Webis Holdings.
“As a result, WatchAndWager.com plans to promote French racing to its United States customer base as it seeks to provide an around-the-clock international horseracing product to its client base.”