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We are due one of those sporadic, out of the blue 100% rise days for apparently no reason !!
Top up time
Maybe. But I’d surprised if there was a placing, they haven’t done one in years.Plus there’s other ways to finance things, especially given our very wealthy largest shareholder.
Anyway if there’s any dip in SP, I’ll be taking full advantage as see funding for website development as very positive indeed
Waiting patiently to get back in. Here is why
Executive are currently preparing detailed software development, payment processing, marketing and regulatory expansion plans for our core website. These four factors underpin a successful USA licensed online wagering site. There is, however, an obvious cost to all four of these items, some of which can be financed through existing cash flows. This investment is critical to the future growth of the business and indeed our market valuation. The Board will keep shareholders fully informed of any decisions to invest in the current wagering platform.
I may be wrong but I think there is a strong possibility of a placing coming before the November ballot in CA.
In the US, Flutter's FanDuel business delivered another "excellent performance" with 2.4 million customers and revenue of USD574 million during the quarter. It remained the number one US sportsbook with a 37% online sports betting share, Flutter said.
The company said it launched its FanDuel sportsbook in New York and Louisiana in January and expanded into Ontario in April. It also beat FanDuel records in the quarter, with Super Bowl Sunday the single biggest day ever for new customers with 1.5 million active customers on the day.
After following William Hill expansion in the USA, and listening to hours of gambling commission meetings, the US seems to like offering licenses to organisations they know and trust. Webis seem to have a good reputation which goes a long way.
Thanks kfkmjl and Morbox for your thoughts. I would be very surprised if one of the bills is not passed in November. And even if it isn’t this time, it will get passed eventually. I think Webis is well placed and was delighted to hear of the expansion into another racetrack in the last RNS
I’m not sure what will happen with California this year if anything. However, the general consensus is to accept betting in most states so I struggle to see why at some point it must happen. The interesting thing about gambling is, most Californians or other Americans who want to bet are already doing it illegally so why not take advantage of the T income tax stream? I was the last buy again today, I keep buying as the price is so cheap, in poker terms I am all in but in my opinion I have 4 aces so quietly confident.
Keep the faith, we will be rewarded!!!
End of June I believe we’ll see what goes forward to the ballot. The best outcome would be full online betting, but the tribal delegation only wants betting on-site. I think the big players may win, as there’s a lot of taxes and fees at stake for the California Government.
Hard to say but the fan duel deal seems very restrictive due to high entry fee, pretty much creating a monopoly, one of the conditions is licenses that Webis has so a takeover by major player, access to existing client base, having a physical presence would be one outcome,
“ gaming companies would have to pay a $100 million licensing fee to do business in the state, as well as already be licensed in 10 states, or be operating in five states and running 12 casinos.”
The tribe initiative is more restrictive and specifically excludes Caltex not being a thorough bred
Horse track - yet Caltex creates jobs for the local community, excellent horse welfare record etc so why exclude is odd. A future partnership with a tribe an option ???
My expectation is the politicians knock some heads together and get the right parties around the table and deliver a proposal that has the key positives of each initiative, benefits on the ground business operations and allows punters to bet with out using unlicensed companies.
Watching closely since 2018 and expect there is more to this journey in the next 6 months
What’s everyone’s thoughts on the upcoming vote in California on the two proposed bills likely to make it on to the November ballot. Is either bill passing good news for Webis? Or only the online bill supported by FanDuel, DraftKings etc. good news? Or do you see neither proposal as being good news, or indeed bad news? Appreciate everyone’s thoughts, I find it a complicated picture to judge
Momentum is building across All States. Not long before they all follow suit.
Been a steady rise and a lot of buys here over past 10 days or so. Some leaky leaks going on. Hmmmm!!
Should really be over 4p. Makes the company look a bigger and bigger player. Others will take notice I am sure
Steady as she goes !!
“ Arizona’s online and retail sportsbook took in $563.7m in wagers for January, which is an increase from the previous high of $499.2m registered in December. On average, bettors wagered $18.2m each day over the 31-day month, again an increase from $16.1m per day in December.”
Looks good for future growth
Yep, BIG piece of it.....:)
Well done BOD.
Yes, nnother piece of the jigsaw as you quite rightly say Xophe re Arizona Downs. Of particular interest is the sentence that states: "to operate pari-mutuel wagering". This strengthens our hand still further re a takeover. See Webis Chairman Denham Eke's comments on this in my previous post re M&A activity & licence chasing in the USA. Good luck, Brighty
WatchandWager signs contract to run Harness Racing at Arizona Downs
The board of Webis, the Group specialising in pool wagering and the operators of WatchandWager Cal Expo, the Californian harness track, is pleased to announce that its principal USA based subsidiary, WatchandWager.com LLC ("WatchandWager"), has this week signed a contract with the owners of Arizona Downs racetrack in Prescott Valley, Arizona for a commercial lease to operate live Harness Racing, pari-mutuel wagering and food and beverage operations at the venue, subject only to regulatory approval. This is a significant new contract for WatchandWager, augmenting last week's announcement of the extension of its contract to run live Harness Racing at Cal Expo, in Sacramento, California, until 2030.
The contract is for five years to 15 November 2027, with an option to renew for a further five years.
WatchandWager understand that the Arizona Department of Gaming will consider the provision of regulatory approval, currently expected to be in the summer of 2022. Shareholders will be kept up to date with progress on the approval process and the plans for live racing at the new venue.
Sorry, also ten trades today all buys very positive!
I bought yet another £3000 today at 292 still so cheap. Can somebody please post the times article for us to see on the site, I am really keen on the read. Onwards and upwards ??
Plus don't forget on the M&A side of things Flutter Entertainment recently announced the acquisition of Sisal for £1.62bn. "This acquisition fully aligns with the Group's strategy of investing to build leadership positions in regulated markets globally". Takeover and licence chasing activity is good news for Webis and its shareholders. Good luck, Brighty