RE: WEB23 Aug 2021 16:48
Exactly and certainly some very exciting times ahead for Webis investors, especially when you factor in our Chairman's statement in the Strategic opportunities and Outlook section of the Webis Annual Report. It doesn't get much better than this if you are a long term share holder:
"USA regulated gaming is seen as the hottest subject at present in global gaming, and something of a gold rush both in the USA and, indeed, internationally. Non-USA and certain European companies are experiencing severe regulatory issues, as well as margin problems, and appear almost desperate to be a part of the developments in the USA. As a result, it should come as no surprise that WatchandWager continues to be courted by large corporations, and indeed smaller operations with a view to software deals, strategic alliances, mergers or even outright acquisition opportunities. Principally led by our Managing Director, the Board assesses each opportunity on a case-by-case basis. It should be noted in the majority of instances, the Board takes the view that "they need us more than we need them" and we continue to protect our USA licensed presence as a core asset. We are very aware of the increased consolidation in the industry and the economies of scale of strategic partnerships and will keep shareholders aware of any meaningful strategic developments with the Group, most likely in the USA, but possibly with international partnerships" - Denham Eke, Chairman
Webis could multi bag significantly in the run up to sports betting being given the OK next year in California or if an outright takeover of Webis was announced.
Good luck, Brighty
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