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Webis shares plummet following swing to loss

30th November 2015 8:13 am GMT

London-listed betting operator Webis Holding saw the value of its shares fall by more than 30 per cent early Monday after the company reported a US$1.9m loss for its financial year ended May 31st, 2015.

Webis announced in March that it would shut down its betinternet.com fixed-odds betting and gaming operation after the business became unviable following the introduction of Singapore's Remote Gambling Act in February, which made iGaming illegal.

The closure and subsequent restructuring has had [...]

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