(Alliance News) - Webis Holdings PLC on Friday said its advanced deposit wagering business WatchandWager.com LLC has secured a license renewal from the California Horse Racing Board.
The gaming firm said the two-year license approval for 2021 and 2022 allows WatchandWager to continue to accept online pari-mutuel wagers from residents of California on its range of global content.
Webis said the renewal not only allows it access to the biggest population in the US, but also gives it the the potential of offering sports betting to residents of California when the state legislature passes it into law.
Webis added WatchandWager executives have also renewed, or are in the process of license renewals, in the US states of Colorado, Kentucky, Minnesota, New York, North Dakota, and Washington.
"We are pleased to receive this key license renewal from the California Horse Racing Board for WatchandWager. We believe that the tax, revenue, and jobs generated from this license will have an important benefit to the state of California," said Ed Comins, president of WatchandWager.
Shares in Webis were trading 21% higher at 1.70 pence each on Friday morning in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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