Shares in Webis Holding fell by more than 25 per cent in London Friday after the company revealed that it had refunded US$10m from a syndicate’s player balances following a commercial dispute.

Webis said that its US subsidiary had no option other than to assume, with immediate effect, the cessation of wagering services to a syndicate, which cannot be named due to confidentiality restrictions.

As a result WatchandWager has refunded the syndicate's player balances, totaling approximately $10m, and confirmed that in the absence of any new deposit funding, under regulation, no further wagers can be accepted from the syndicate.

Premium subscribers continue here to the full article.


GIQ Magazine Digital Edition