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holding up well.

The award of the license adds to the growing number of US States in which WatchandWager operates. Most importantly, it now secures WatchandWager a licensed presence in the two major States for horse racing by value of wagers placed, namely California and New York Itself, something many other ADW operators have been unable to achieve. It is estimated that California and New York residents wager over $1billion through ADW operations per annum and wagers on races conducted in the two key States represent over 40% of the total licensed US pool betting market of over $10billion per annum. The Board believes the acquisition of key licenses such as these is critical to the company's future as it continues to focus on the strategic development of its B2C retail operation via the watchandwager.com/mobile site

We have always believed that sports wagering would eventually come out of the shadows. As a reputable, licensed, and well-regulated company with a unique US land-based and on-line presence, WatchandWager can only benefit from this decision.� As a result, we now seek partnerships with proven gaming software and other established operators in the anticipation that individual State legislation will receive approval."

30% coming

�The Board is very aware that consolidation and the increasing benefits of economies of scale are the watchwords of the online gambling market. In addition, such consolidation could be beneficial to the WatchandWager business, which has demonstrated significant growth but operates under a heavier burden of fixed costs in proportion to its larger competitors. The Board is also aware that its USA licences, together with its established operations and business relationships, are a significant asset to any business, notwithstanding the improved financial performance. As a result, the Board continues to assess all strategic opportunities for the Group's future for the benefit of shareholders.� The Board has basically put the �For Sale� sign up. Secondly, one can see that what the Chairman has said is true. The consolidation in the gaming space is going on all around from the big high street combinations of Paddy Power / Betfair (PPB) and Ladbrokes / Coral (LCL) to the recent offer by Kindred for 32 Red (TTR) as well as the sale last month of Netplay to Bettson. This latter deal was a perfect example of a subscale operator being snaffled up by a larger player in much the same way as I can see Webis being acquired. Thirdly, I couldn�t help but notice the various announcements by Sportech (SPO) last week, most notably the potential sale of The Football Pools for �83 million and its focus on US gaming. Now, I wonder where Sportech could invest some of those winnings? Webis would be the perfect acquisition for it and a price of, say, 2.5p equating to a deal value of �10 million would hardly scratch the surface of its war chest. So there you go; I�m not a huge fan of the business but I do think it is growing and would be an attractive M&A target for someone, particularly Sportech and so see this as a special situation type play. The stock has come off following its interims last week and currently trades at 1.625p in the middle of a seemingly significant spread. If one could buy around that price, I would suggest that there is a possible 50% return or more within a year by way of being acquired. I also think the downside is protected to a certain extent as imagine Jim Mellon will continue to support the business and, if it drops much lower, I could see him buying out the minority shareholders himself around the current price.

With Cheltenham Festival around the corner, I thought I�d throw caution to the wind this weekend, cast my cynical nature to one side, and come up with a couple of cheeky punts that I think may pay off. What could be more fitting for my first than the gambling business, Webis Holdings (WEB). Just in case anyone thinks I�m going slightly insane, I should start by saying that I largely agree with the analysis on this stock by Gary Newman from earlier this year, which one can see HERE and HERE. It is a subscale gambling business and struggles to generate cash, not helped by the fact that as it grows it has to tie up additional cash in various deposits and bonds and, as a result, has recently needed additional funding from Jim Mellon, the 63% shareholder. Last week�s interims did show decent growth at the gross profit level off 44% to $2.07 million; however, this was exceeded by the operating expenses and so the business had a small operational loss. Not very exciting I know but a combination of factors have drawn me in here. First, there was a very clear statement within the interims as follows:

Totalisator-style betting company Webis Holdings PLC (LON:WEB) has welcomed Monday�s decision by the Supreme Court to lift the ban on sports wagering in the US. The company said that the decision would not have an immediate impact on revenue levels because individual states will have to get their legislation in place before the betting revolution can take place but longer-term, the decision should provide a positive boost for the group�s US operations. READ: Webis and GAN soar after US Supreme Court opens door to the legalisation of sports betting in the US Webis�s WatchandWager division has been the licensed operator of WatchandWager Cal Expo Racing in Sacramento, California since 2014 and is one of the few �advance deposit wagering� companies to conduct both live pari-mutuel racing and on-line wagering services. �Significantly, California's draft Sports Betting Bill specifies that only land-based racetracks and casinos will be eligible for licence applications. In the United States, WatchandWager holds ADW licences not only for California, but also for North Dakota (providing regulated access to a total of 28 states), together with individual State licences for New York, Kentucky, Colorado, Minnesota and Washington,� the company said in a statement on Wednesday morning.

Bookmakers and online gaming companies were celebrating after the US Supreme Court paved the way for states to legalise sports betting. A federal ban on sports betting that has been in place was lifted by the Supreme Court on Monday, which means states can decide for themselves whether to allow bets on sporting events. The state of New Jersey, backed by more than a dozen other states, challenged the Professional and Amateur Sports Protection Act of 1992, which to all intents and purposes meant that legalised sports betting was restricted to the state of Nevada, home to Las Vegas, plus Montana, Oregon and Delaware. The Supreme Court voted by 6-3 to lift the ban; bookies were offering 10/11 on a favourable ruling ...

maybe a treeshake comiing .. but will be back up in the 40% range . mm will have tolet this goo soon

3v1 great..

i can not see mm holding this back..

5p

breakout.. mm are letting this go up slow..

looks good

about to take out 4.9

mm will let this go .

buy @0.35

next week i hope..

do you think will will have rns next week.. i think sol ..

Handing power back to the people There are several companies like Steem, Lunyr, as well as Indorse, which are working to create social network applications powered by blockchain technology, in order to give the power back to people. These applications not only let users control their data, but also give them an opportunity to monetise it. This could have been one of the reasons Facebook is looking into the technology. While this move by Facebook will certainly add more validity to the technology and might even lend it more credibility in the mainstream market, Facebook might not be creating its own cryptocurrency just yet. In January of this year, Facebook banned ad accounts of several cryptocurrency companies and ICOs. How exactly is Facebook using blockchain? It is highly likely that they might use it for encrypted data storage and maybe even for revamping their advertising modules and systems. This idea stems from the fact that David Markus, who is heading Facebook�s blockchain team, has a background in payments through his previous experience at Paypal and advertising as well. He is also on the board of Coinbase, which is one of the world�s biggest cryptocurrency exchanges. It is not entirely obvious at this point of time how Facebook might actually be using blockchain technology, and its plans for the future remains to be seen, but one thing is for certain: Facebook doesn�t want to miss out on the growing hype and the community adoption of the blockchain. They can definitely see huge potential and opportunity for this in the future and wouldn�t want to be left out, especially if one of the blockchain-based social networks becomes big and tries to dethrone Facebook from its current position as one of the market leaders. It might also be the case that Facebook just uses blockchain for one of its apps or verticals like the Messenger app, similar to how Kik and Telegram are planning to use it. Having said that, it is unlikely that Facebook will go down the same route as these two companies and do its own ICO. Gaurang Torvekar is co-founder and chief executive of Indorse, an Ethereum-powered professional network.