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Webis secures California online betting approval

10th January 2014 11:30 am GMT

Shares in UK-listed Webis Holdings soared by more than 23 per cent in London Friday after the company confirmed that its US-facing WatchandWager.com subsidiary has been granted approval to offer online betting on thoroughbred racing to residents in California.

Webis said that it has received written contractual approval from the Thoroughbred Owners of California (TOC) to allow California residents to wager on thoroughbred racing taking place across the US, as well as all international jurisdictions for [...]

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