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Webis reports large fall in wagering activity

27th February 2019 3:00 pm GMT

London-listed betting and racetrack operator Webis Holding has recorded a 70.8 per cent fall in amounts wagered during its financial first half ended November 30th, 2018, primarily due to the loss of a large syndicate wagering into its international pools.

The loss of the syndicate was communicated to the market in October and caused group turnover in the period to almost halve from US$10.30m a year ago to $5.38m, with gross profit [...]

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