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Timeweave plc (TMW)

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Thursday 06 October, 2011

Timeweave plc

Turf TV renew long-term contract with William Hill

RNS Number : 6590P
Timeweave plc
06 October 2011
 



Timeweave plc

6 October 2011 



6 October 2011

 

Timeweave plc

('Timeweave')

 

Turf TV renews long-term contract with William Hill

 

Timeweave is pleased to announce that William Hill Organization Limited ('William Hill') has become the first customer to renew a long-term contract with Amalgamated Racing Ltd ('AMRAC'), Timeweave's joint venture company and owner of television channel Turf TV.

 

The early renewal of the long-term contract will allow William Hill to provide Turf TV's exclusive 'through-the-card' live coverage of every horse race meeting from 31 of the 59 British racecourses in all of William Hill's 2,370 betting shops.

 

The agreement, which runs until 2018, is Turf TV's first renewed contract with a major UK-based bookmaker.

 

Timeweave CEO and AMRAC Board Director, David Craven, said:

 

"William Hill is an important customer of Turf TV representing around 25% of the Licensed Betting Office market. William Hill continues to place the interests of its customers first in securing a renewal of the Turf TV service, providing coverage of the UK's leading horse racing meetings through to 2018. We look forward to continuing our strong relationship with William Hill and providing our leading product to its licensed betting shops in the UK and Ireland."

 

Ralph Topping, CEO for William Hill, added:

 

"We are the first major bookmaker to re-sign with Turf TV. This agreement will ensure that, over the next few years, our customers will be able to watch quality racing from some of Britain's best racecourses, when having a bet with the UK's best bookmaker."

 

 

Notes to Editors:

About Turf TV:

Turf TV is a broadcast service owned by Amalgamated Racing Ltd ('AMRAC'), a joint venture between Timeweave plc ('Timeweave') and 31 UK racecourses. It was first launched in April 2007, and its full service started on 1 January 2008. Turf TV broadcasts exclusive live horse racing to Licensed Betting Offices from its 31 shareholder racecourses, which include Cheltenham, Ascot, Newmarket, Aintree, Epsom, York, Goodwood and Chester.

 

About Timeweave:

Timeweave plc ('Timeweave') is the holding company of a group which principally comprises a 50% holding in AMRAC, sports hedging business SportingWins and cash deposits.

 

AMRAC is an equally-owned joint venture company between Racecourse Media Services Limited (which is in turn owned by 31 UK racecourses) and Timeweave. AMRAC holds exclusive licences with these 31 racecourses to broadcast pictures, audio and data from these courses to licensed betting offices in the United Kingdom and Republic of Ireland on its dedicated television channel, Turf TV.

 

SportingWins is the market leader in covering corporate risk dependent on the results of professional sports events.

 

www.timeweave.com

 

Contacts:

Timeweave plc                                 David Craven               Tel: +44 (0)7738 438 376

Investec Bank plc                             Rowena Murray          Tel: +44 (0) 20 7597 5970

 

This information is provided by RNS


This information is provided by RNS
The company news service from the London Stock Exchange
 
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