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Webis shares slide as full year turnover declines to $47.3m

28th November 2019 10:14 am GMT

London-listed betting and racetrack operator Webis Holding has reported a 13 per cent decline in turnover to US$47.3m for the year ended 31 May 2019.

Webis said that it had been a mixed year for its core US-based business WatchandWager.com, with a reduction in amounts wagered and an overall loss returned, but against that a significant strengthening of its licensed US position.

Total amounts wagered declined significantly by 70 per cent to $136.4m due to the loss [...]

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