Cal Expo and European
Wagering Services (EWS) One Step Closer to Fall Harness Racing Meet
SACRAMENTO,
Calif. (July 2) – At its June 29th meeting, the Board of
Directors of the California Exposition & State Fair unanimously approved a
term sheet outlining the major components of a proposed agreement for the
operation of a harness racing meet between the parties.
European Wagering Services is a wholly owned subsidiary of
Webis Holdings PLC traded on the London AIM.
EWS holds licenses with the Isle of Man Gambling Supervision commission
and the North Dakota Racing Commission for operating the advance deposit
wagering platforms link2bet and WatchandWager respectively.
The next steps in the process will be to:
- Draft a final agreement to ratify by the Board of Directors of each entity
- Request the allocation and approval of harness racing dates at Cal Expo from the California Horse Racing Board
- Submit for approval an application to operate a harness racing meeting by EWS to the California Horse Racing Board.
“We are pleased that EWS has stepped forward to operate the
harness racing meet here at Cal Expo” said Racing Committee chair Cynthia
Bryant. “Our hope has always been that
harness racing would continue at Cal Expo as it supports many jobs and greatly
impacts the local economy.”
The proposed harness racing meet at Cal Expo will begin on
November 2, 2012 and conclude on May 11, 2013 and will operate on a two and
three day per week schedule.
