European Wagering Services buys Nevada pari-mutuel site

Webis Holdings’ pari-mutuel operation, European Wagering Services (EWS), has acquired Nevada-based online wagering site WatchandWager (WAW) in order to increase its presence in the US.

EWS acquired the company, which is licensed by the State of North Dakota Racing Commission (NDRC), for US$0.1m in cash.

As part of the acquisition, the NDRC has agreed that WAW’s licence be extended to include business derived from EWS’ current principle website link2bet and all of its associated own brand wagering platforms.

Webis Holdings has previously stated its aim to increase its presence within the US horseracing and pari-mutuel wagering industry and EWS is now planning to establish a permanent sales and marketing operation there. eGaming Review reported in July that EWS was planning to make an announcement on acquisition and licensing opportunities it is pursuing in the US.

Ed Comins, Webis’ pari-mutuel operations director, will continue to lead EWS’ operations in Europe and the further development of WAW.

Comins said: “WatchandWager will significantly enhance EWS’ presence and ability to develop effectively its sales and marketing strategy within the US pari-mutuel horseracing industry. An ‘on the ground’ US gaming licence and business operation also provides EWS with a significant first mover advantage in the US on-line betting and gaming market place.”