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Webis shares slump on widening loss

29th February 2016 8:53 am GMT

London-listed wagering and racetrack operator Webis Holding has reported a widening operating loss for its financial half-year ended November 30th, with rising cost of sales and betting duties offsetting a 38.7 per cent increase in turnover.

Following the closure of its betinternet.com online sportsbook in March 2015, the company's half-year results primarily reflect the performance of the WatchandWager.com pari-mutuel and racetrack operations in the United States.

Half-Year Results Comparison (US$'000)

Turnover from continuing operations improved 38.7 per cent [...]

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