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Webis shares soar after Californian ADW license extension

30th November 2018 9:13 am GMT

London-listed betting and racetrack operator Webis Holdings has received a license extension from the California Horse Racing Board (CHRB) for its WatchandWager.com advanced deposit wagering (ADW) business.

At a meeting at the Del Mar Thoroughbred Club on Thursday, the CHRB approved WatchandWager's application for a multi-jurisdictional ADW license, allowing the betting operator to continue to accept ADW wagers from California residents on horseracing.

In common with other licensed operators, the extension is for three months, pending a [...]

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