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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 [...]

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