RE: Price rise18 Mar 2021 10:01
For the long term, the Board is fully aware of our licensed position in the USA and California in particular, and how this position can be leveraged to benefit shareholders. As a result, we have taken measures to protect our assets in the USA and will continue to do so as a priority. We stand in an enviable position as a licensed operator in the States, and in particularly in California, the fifth biggest economy in the world, and where we hold both an online licence and a license to operate retail operations at Cal Expo racetrack in Sacramento. Momentum continues to gather daily for regulated Sports Betting in numerous states, including California. At time of writing, the Board is confident that California will approve this measure no later than 2022, with many other major States actively operating by then. Conversely, the position in other jurisdictions for online gambling is becoming increasingly difficult, with significant regulatory headwinds facing operators exposed to Europe and the UK. As a result, there is significant interest in our USA licensed position as we outline our plans to maximise this position.