Webis Holdings plc

WEB

GB0004126271

Casinos & Gaming

Market Closed - London S.E. Other stock markets 11:35:24 2024-05-15 am EDT			5-day change	1st Jan Change
1.3 ^GBX	0.00%		0.00%	-10.34%

May. 03	Kelso raises stake in NCC; Transense joins project	AN
Feb. 27	EARNINGS AND TRADING: Synectics profit jumps; Webis loss widens	AN

Webis shares up as WatchandWager renews two-year California license

November 23, 2022 at 06:00 am EST

(Alliance News) - Webis Holdings PLC shares jumped on Wednesday after it said its Advanced Deposit Wagering business, WatchandWager.com LLC, received a two-year license approval from the California Horse Racing Board.

Shares in the Isle of Man-based gaming firm were up 8.0% to 1.35 pence each in London on Wednesday morning.

The ADW license renewal from the CHRB is for the years 2023 and 2024. Webis said it allows WatchandWager to continue to accept online pari-mutuel wagers from residents of California on its range of global content.

It explained that the renewal is strategically important as it allows WatchandWager to potentially offer sport betting to California residents when the state legislature passes this into law.

As well as the California license renewal, WatchandWager have renewed, or are in the process of license renewals, in Colorado, Kentucky, Minnesota, New York, North Dakota, and Washington. The company does not expect issues that will "delay or prevent them from being approved".

WatchandWager President Ed Comins said: "We are pleased to receive this key license renewal from the CHRB for WatchandWager. Both our ADW license and our racing license are key assets for WatchandWager, reaffirming the company's presence in in a key state, and they reflect WatchandWager's strong commitment to racing and to regulatory compliance."

By Sophie Rose; sophierose@alliancenews.com

Latest news about Webis Holdings plc

Kelso raises stake in NCC; Transense joins project	May. 03	AN
EARNINGS AND TRADING: Synectics profit jumps; Webis loss widens	Feb. 27	AN
Webis Holdings Remains Optimistic Trading Will Improve In Line With Expectations	Feb. 27	RE
Earnings Flash (WEB.L) WEBIS HOLDINGS Posts Fiscal H1 Revenue $5.9M	Feb. 27	MT
Webis Holdings plc Reports Earnings Results for the Half Year Ended November 30, 2023	Feb. 27	CI
Investors feel icy ahead of US inflation data	Dec. 22	AN
Webis Holdings surges as inks renewal with Monarch for US racetracks	Dec. 22	AN
AIM WINNERS & LOSERS: Bidstack surges as reaches Azerion settlement	Dec. 22	AN
Webis Holdings plc Reports Earnings Results for the Full Year Ended May 31, 2023	Nov. 30	CI
Webis Issues GBP1 Million Convertible Loan Note to Fund Expansion, Repay Debt	23-09-15	MT
Webis Holdings plc announced that it expects to receive £0.75 million in funding from Galloway Ltd.	23-09-14	CI
Webis Holdings plc Reports the Death of Senior Independent Non-Executive Director Sir James Mellon Kcmg	23-07-05	CI
AIM WINNERS & LOSERS: Live Co up on strong ticket sales for Formula E	23-02-24	AN
Webis Holdings revenue drops as California rain sees races cancelled	23-02-24	AN
FTSE 100 higher before US inflation print	23-02-24	AN
Webis Holdings plc Reports Earnings Results for the Half Year Ended November 30, 2022	23-02-24	CI
UK shareholder meetings calendar - next 7 days	23-01-27	AN
UK shareholder meetings calendar - next 7 days	23-01-26	AN
UK shareholder meetings calendar - next 7 days	23-01-25	AN
UK shareholder meetings calendar - next 7 days	23-01-24	AN
UK shareholder meetings calendar - next 7 days	23-01-23	AN
TRADING UPDATES: Webis wins racetrack deal; Plexus confident	22-12-23	AN
Earnings Flash (WEB.L) WEBIS HOLDINGS Posts FY22 Revenue $53.6M	22-11-29	MT
Webis Holdings plc Reports Earnings Results for the Full Year Ended May 31, 2022	22-11-29	CI
Webis' Advanced Deposit Wagering Business Receives License Renewal In US	22-11-23	MT

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Company Profile

Webis Holdings plc is an Isle of Man-based gaming company. The Company operates through two segments: Advanced Deposit Wagering (ADW) and Cal Expo Harness Racetrack (Racetrack). The ADW segment is engaged in the provision of online ADW services to enable customers to wager into global racetrack betting pools. The Racetrack segment is hosting races through the management and operation of a racetrack facility, enabling patrons to attend and wager on horse racing, as well as utilize simulcast facilities. Its subsidiaries, WatchandWager.com Ltd, operates a totalizator wagering hub through its United States Tote supplier, which enables it to conduct its ADW business by passing wagers directly into global racetrack betting pools in real time. Its subsidiary, WatchandWager.com LLC, provides pari-mutuel, or pool-betting, wagering services through a number of distribution channels to a global client base. It holds United States pari-mutuel licenses for its ADW business in the United States.

Sector

Casinos & Gaming

Calendar

2024-11-27 - Q4 2024 Earnings Release (Projected)

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