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"operators must be affiliated with a land-based licensee." No brainer really, just a matter of when #CalExpo #Genius
What we know about sports betting partnerships in New Jersey What we know about legal sports betting in New Jersey is that it can take place only in designated sports betting areas of licensed racetracks and casinos. Online betting will be permitted 30 days later, with the caveat that operators must be affiliated with a land-based licensee. That last point is the reason for the flurry of partnerships we�ve seen in the last few weeks as third-party sports betting operators look to get a skin in the game, while racetracks and casinos search for software providers to support their ambitions for digital offerings. Shortly after PASPA was struck down, Sen. Sweeney sponsored a sports betting bill (SB 2602) that would set the following rules for the industry: Allows for licensed state casinos and horse racing tracks to support land-based, mobile, and online sports wagering. Online wagering will go into effect 30 days after the bill�s passage, while other forms of wagering will be allowed immediately. Sets the tax rate to 8.5% for brick and mortar casinos, 13% for online wagering. Restricts the number of individually branded websites, or skins, an operator can support to three. Prohibits casinos/racetracks that own a sports team from participation. Other limitations exist for potential operators with a vested interest in a sports franchise. On June 7, both the House and the Senate are expected to vote on the sports betting bill. The bill is expected to pass easily and then be sent to Gov. Murphy�s desk for an immediate signing. If all goes according to plan, the first legal sports bet could take place on June 8. https://www.njonlinegambling.com/nj-casino-partnerships-dominate-preamble-to-bill-passage/ https://www.njonlinegambling.com/sports-betting/
Now I obviously have no clue on who has these and at what price now a days, but from the admission document - they came to market at 45p "15. The Placing and Undertakings by Principal Shareholders 6,666,667 new Ordinary Shares representing 8.53 per cent of the enlarged issued share capital of the Company have been conditionally placed at 45p per share by English Trust pursuant to the Placing Agreement, the principal terms of which are summarised in paragraph 7(e) of Part IV of this document. The Placing Shares will, when issued, rank pari passu in all respects with the existing issued Ordinary Shares. The Placing will raise approximately �2,510,000 net of expenses for the Company. The Placing is conditional, inter alia , on Admission taking place. Immediately following Admission, the Directors and their associates will be interested in 26,568,600 Ordinary Shares, representing 33.98 per cent of the then issued Ordinary Shares. The Directors, persons connected with them and certain principal shareholders have undertaken that they will not sell or otherwise dispose of any part of their respective interests in the Ordinary Shares held immediately preceding the Placing for a period of up to twelve months following Admission." They couldn't sell for 12 months 12 months later the share price was 14p Then 28.50 was the highest close on 18th May 2001 - The share price hasn't closed above this since
"Jim Mellon 700,000* 3.5p 718,000 0.61%" "20 million new OrdinaryShares with Burnbrae Limited (�Burnbrae�) at a price of 4p per share to raise atotal of �800,000 for the Company. Additionally, to replace the temporaryshareholder financing announced in June 2004" http://www.webisholdingsplc.com/2004/10/19/news-180/ "The Company received notification on 1 December 2003 that one of its non-executive directors, Mr Mark Child, sold 1,150,000 ordinary shares in betinternet at 9p per share, representing 0.98% interest on 28 November 2003. The sale of these shares was prompted by the director�s need to raise cash for pressing personal reasons. Following this transaction Mr Child no longer holds any shares in betinternet. The Company was also notified on 1 December that Burnbrae Limited (�Burnbrae�) acquired 1,100,000 shares on 28 November 2003. As a result of this purchase of shares, Burnbrae is interested in 26,100,000 shares in the Company, representing 22.38% of its issued ordinary share capital. Mr Denham Eke, chairman of betinternet, is also managing director of Burnbrae, a private investment company." Seems to be a load of different times they bought in ... there's just a few examples. Jim did say on twitter to me that they've been "buying all the way down" so I'd love to know what the average is?!
Kev I am not sure but given the SP etc .. I agree with you from my perspective, this is the only risk at the moment
Hi Chilston Burnbrae are funding this and have done for 15 years Owned by Jim Mellon Own 63% of the company (Jim has also purchased shares in his own name, check my post history for the info around 2003) In short - Every time they issue shares, they are diluting their own holding. Last funding was a loan from Jim Mellon to the company - 24th feb 2017 It would be unusual if they let anyone else in to take a piece of the pie (IMO) My theory is that they have been buying the shares off the other share holders and will soon acquire over 75% and have to make an offer for the company, few on here believe this will happen, webis goes private and lists in America.. all just theories at the moment of course we don't know what's happening until official RNS's As they are in the IOM they have up to 30 days to declare positions .. I've done calculations on previous posts which shows 20m shares switching hands about 2-3 weeks ago, personally i am expecting a TR1 by the end of next week No investment advice intended, just my own personal thoughts. http://www.webisholdingsplc.com/major-shareholders/ http://www.webisholdingsplc.com/news-archive/ - historical news releases back to 2000
Perspective (2013) FE Investegate |Webis Holdings PLC Announcements | Webis Holdings PLC: California Betting Licence WatchandWager.com is the first ADW to be granted a new operational licence in California by the CHRB in more than five years and will be only the fourth operator that can legally take bets from Californian residents. The CHRB has a heavy emphasis on compliance and wagering integrity and the granting of a licence is testament to the significance that WatchandWager.com places on these issues. In due course, the board believes the financial impact of the Californian licence will be significant in terms of player numbers, reputation and leverage. Ed Comins, Pari-Mutuel Operations Director at Webis, said: "It is fantastic to break into the Californian market. WatchandWager will have access to a population of more than 38 million people and one of the strongest economies in the world. This licence approval also represents another significant step forward in our overall US development strategy and is evidence of the status we now have as a business to be accepted by regulatory bodies as prestigious as the CHRB.
Meant as an RNS - company update, sorry.
to see if they would be posting this as a company update https://www.watchandwager.com/news/GREYHOUND/watchandwager-to-sponsor-2019-naples-550-national-championship-race-- As they haven't, I guess they don't see it as news that would need to be reported through official channels Good to see that the company has great relationships and are well respected in the industry. If you look here: https://www.facebook.com/UnitedGreys/ United Greyhound Racing posted; United Greyhound Racing 1 June at 20:40 � Major United Greyhound Racing Announcement Coming Monday !" "MAJOR announcement" then posted this link - http://unitedgreyhoundracing.com/watchandwager-to-sponsor-2019-naples-550-national-championship-race/ so IMO this is great news for the greyhound world United Greyhound Racing (UGR) seeks to reenergize the sport of greyhound racing by leveraging technology, promoting safety and adoption awareness and organize all facets of the industry to support our livelihood while preserving the greyhound breed, the greyhound industry and to further its growth in the United States.
UK betting firms gamble on US after sports wager ruling By Natalie Sherman Business reporter, New York 7 minutes ago https://www.bbc.co.uk/news/business-44362134 it's a good read .. and reassuring
GREYHOUND NEWS Back to News � WATCHANDWAGER TO SPONSOR 2019 NAPLES 550 NATIONAL CHAMPIONSHIP RACE Monday, June 4, 2018 LARKSPUR, CA. (June 4, 2018)�WatchandWager is pleased to announce that it will partner with United Greyhound Racing to sponsor the WatchandWager Naples 550 National Championship race at Naples-Fort Myers Greyhound track on Jan. 26, 2019. WatchandWager President Ed Comins is excited to partner with United Greyhound Racing for this prestigious event. �As a leader in wagering on greyhound racing, WatchandWager has always been bullish on promoting the sport whenever we can,� Comins said. �When United Greyhound Racing reached out to us about sponsoring the Naples 550 National Championship race, we saw this as an excellent opportunity to give back to the sport that has been so good to WatchandWager for so many years. We look forward to helping make this best greyhound national championship ever.� United Greyhound Racing Director Michael Frino welcomes the partnership with WatchandWager and believes it is a new beginning for this marquee stakes race. "I am excited to have WatchandWager as the new sponsor of the Naples 550 National Championship stakes event. WatchandWager's involvement will ensure the 550 remains the premier stakes event in the greyhound industry for many years to come,� Frino said. �I am looking forward to what I believe will be a synergistic partnership between UGR and WatchandWager, and one that will effectively promote our sport.�
Why be so sarcastic? You make statements and I'm replying to say you're wrong. No body gets it right all of the time
Delaware announce they will allow sports betting from 1:30 pm (monumental) this share price is down 6.1% Be interesting to see how many bets are placed and how much revenue is generated in the State, which will send a clear message
Predators, I was actually in cheaper than that in about 2009 lol (this won't work properly because of the format it's in) Sirius Minerals (SXX) Edit Alert Discuss 2 Chart Trades Buy/Sell Level 2 More... 34.14 34.28 34.21 34.00 34.20 ( 10:30:18) +0.20 ( +0.59%) 2,112,007 pence 256,200 �0.0043 �87,466.68 n/a +86,365.02 ( +7,839.53%)
Well it's all going on right now in the USA .. Delaware will take bets from 1:30 pm today! "New Jersey last month won a Supreme Court case overturning a federal law that limited sports betting to only four states. States are now free to pass laws legalizing gambling. New Jersey lawmakers hope to legalize betting by the end of this week in their race to be among the first states to offer sports betting at casinos and racetracks following the court ruling. Delaware plans to take sports bets starting Tuesday. Just three weeks after the U.S. Supreme Court decision that cleared the way for states to offer legalized sports betting, Delaware will start taking bets on professional sports including baseball, football, hockey, basketball, soccer, golf, and auto racing. �Delaware is prepared to move forward,� said Rick Geisenberger, secretary of the state Department of Finance which oversees the Delaware Lottery. The first bets will be taken on Tuesday at 1:30 p.m. at Delaware Park, Dover Downs, and Harrington Raceway. Delaware Gov. John Carney said in a statement the state has all of the legal and regulatory authority to move forward." Now is not the time to be selling IMHO
Thursday https://whyy.org/articles/n-j-law-authorizing-sports-betting-expected-to-be-in-place-thursday/
3 hours ago ... https://abcnews.go.com/US/wireStory/delaware-launches-sports-betting-states-close-55651819 Delaware launches sports betting, other states close behind By RANDALL CHASE AND BEN NUCKOLS DOVER, Del. � Jun 5, 2018, 2:07 AM ET
No I am not saying that I am clever enough to pick big winners.. I've had my fair share of multi baggers this last year alone I think it's been about 10 + & I agree with you, it's very rare .. Aim is sentiment driven, and yes it's a good idea to trade I was just dismissing your statement that "ou need to forget about being a long term holder in aim stocks" as there has proven to be some good among the absolute sh** A good plan is to invest what you "can afford to lose" - (hate that expression) but any spare cash you may have and invest in these penny stocks early, and forget about them / set sell trigger points and not be greedy. But everyone has their own strategies and financial requirements
also he's not been building under just Burnbrae as well 5th of March, 2003 Webis Holdings PLC Editor Directors� Interests The Company was notified on 4 March 2003 of the following purchases of shares in the Company by directors as set out below: Director Shares bought Price per share Total shareholding Percentage of share capital Paul Doona 166,667 4.0p 319,667 0.27% Sean Graham 333,333 4.0p 333,333 0.28% Jim Mellon 700,000* 3.5p 718,000 0.61% The shares acquired on 4 March 2003 by Mr Mellon are registered in the name of Pershing Nominees Limited, on behalf of Titec Limited. Jim Mellon is a beneficiary of a trust that holds the entire issued share capital of Burnbrae Limited. Burnbrae Limited is interested in 25,000,000 ordinary shares in betinternet which represents 21.4% of the Company�s issued share capital. Separately, Mr Mellon, following the above transaction, is also interested in 718,000 ordinary shares in the Company.
Well, I take comfort in the fact that Jim Mellon has been here for more than 15 years, building a steak. 3rd of December, 2003 Webis Holdings PLC Editor The Company received notification on 1 December 2003 that one of its non-executive directors, Mr Mark Child, sold 1,150,000 ordinary shares in betinternet at 9p per share, representing 0.98% interest on 28 November 2003. The sale of these shares was prompted by the director�s need to raise cash for pressing personal reasons. Following this transaction Mr Child no longer holds any shares in betinternet. The Company was also notified on 1 December that Burnbrae Limited (�Burnbrae�) acquired 1,100,000 shares on 28 November 2003. As a result of this purchase of shares, Burnbrae is interested in 26,100,000 shares in the Company, representing 22.38% of its issued ordinary share capital. Mr Denham Eke, chairman of betinternet, is also managing director of Burnbrae, a private investment company.