Last checked at 27 Feb 2019 09:34
Webis profits hit by California wildfires
(Sharecast News) - Gaming group Webis witnessed a reduction in amounts wagered and gross profits during a "challenging first six months" for WatchandWager.com.
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Webis Information
Share Price Information for Webis (WEB)
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Share Price:
1.35
Bid:
1.20
Ask:
1.50
Change:
0.05 (3.85%)
Spread:
0.30 (25.00%)
Open:
1.30
High:
1.35
Low:
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Mon, 15th Jun 2009 08:14
Online gaming group Webis said it has generated strong year-on-year growth in trading, both within its sportsbook operation, betinternet.com and its pari-mutuel business, European Wagering Services (EWS). "We believe that the company is well-placed to continue to increase its market share in the coming months," the group said.EWS has generated an increase in player numbers through its link2bet.com website as the customer-focused enhancements introduced have begun to have a positive effect. EWS' B2B business has remained resilient, although the group's call-centre business has shown some volatility in throughput. betinternet has generated a sustained increase in revenues across all of its business streams, and especially from its fixed-odds sports betting channel, during the second half of the year. However, the overall sportsbook gross margin remains lower than the board is targeting and the fixed-odds margin in particular was impacted by some unfavourable results in the last weeks of the European football season. Preliminary results for the year ended 31 May will be announced during September 2009.
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Webis Holdings subsidiary extends French contract
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