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Webis Holdings PLC - Isle of Man-based gaming firm - Says US-based subsidiary, WatchandWager.com LLC, received formal approval from the board of the California Exposition & State Fair in Sacramento, California on Friday to extend its lease of the operation of Cal Expo Harness racetrack until May 2030. The current lease runs to May 2025, so WatchandWager has taken up its option to extend the lease for a further five years.
Says this approval is subject to a signed contract between the landlord and WatchandWager, but the commercial terms of the extension have been agreed. It also secures the WatchandWager physical licensed presence in California for a further significant period, alongside its existing online license.
Current stock price: 2.43 pence
Year-to-date change: down 49%
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