Undervalued internet betting play valued at 5mill.

Great set of results thus week could be a 5 bagger in time.

Amazing upside!!

StockMarketWire.com
Webis Holdings said it expected changes to US gambling laws to have a positive impact on its operations there.

'While the ruling will not have an immediate impact on revenue levels until individual State legislation is in place, the board considers the announcement as a positive boost for our US operations,' the company said.

'Draft legislation is in preparation in up to seventeen US states, most importantly including California, which dwarfs the other states in terms of population and gross domestic product.'

had a stop loss sell on at 6p but took it off very sharpish ,

StockMarketWire.com
Gambling company Webis Holdings posted a modest $103k profit in the first half, improving on the $5k posted on-year.

Amounts wagered for the year through May rose 23% to $461.2m, while gross profit rose by just over 3% to $5.5m.

'I am pleased to report a continued improved performance from our core US-based business, WatchandWager.com over the financial year reported, with a further substantial increase in the amount wagered and an increase in profit being returned,' chairman Denham Eke said.

WatchandWager renews key California multi-jurisdictional ADW license, adding to growing array of approved or pending USA licenses
The board of Webis Holdings plc, the group specializing in pool wagering and the operators of WatchandWager and Cal Expo, the Californian harness track, is pleased to announce that its Advanced Deposit Wagering ("ADW") business, WatchandWager.com LLC ("WatchandWager") has received its license extension approval from the California Horse Racing Board ("CHRB").

The CHRB approved WatchandWager's application at its meeting at the Del Mar Thoroughbred Club on Thursday, 29th November. This approval allows WatchandWager to continue to accept ADW wagers from California residents on horseracing worldwide. In common with all other operators, the extension is for three months, pending a full renewal hearing in February 2019, when the Board expects its license to be renewed to December 2020. CHRB's unanimous decision reflects WatchandWager's strong commitment to Californian racing and its operational of a physical racetrack at Cal Expo.

The California license is important to WatchandWager as the State has the largest population and possesses the fifth largest economy in the world. In addition to granting WatchandWager access to this significant market, the license is strategically important for WatchandWager in light of the anticipated legislation legalizing sports betting in the State. As an existing track operator in California, WatchandWager is in a strong position to offer sports betting if it is passed into law.

The license extension adds to the wide range of USA multi-jurisdictional and individual State licenses renewals detailed in the Webis Holdings plc Annual Report released this week.

Ed Comins, President of WatchandWager commented: "We are pleased to receive the important license extension in California and look forward to working with them to increase taxes payable to the State and our statutory charitable contributions. In addition to the tax revenue generated from wagering, WatchandWager strongly promotes the sport of horse racing in the State. We also look forward to growing our California market share while positioning WatchandWager within the fast-growing US-licensed sports betting market."