Shares in Webis Holdings rose by more than 21 per cent in London Tuesday following confirmation that the company’s WatchandWager.com advanced deposit wagering (ADW) business had been granted a licence to operate in New York State.

The approval from the New York State Gaming Commission allows WatchandWager to commence accepting registrations, deposits and wagers from residents of New York State with immediate effect, and in time for this weekend’s prestigious Belmont Stakes race which takes place at Belmont Park on June 10th.

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