Webis Share Discussion Threads

[ernestsyngen] 22/5/2018 17:27

You need balls the size of lemons for this.The mm’s have gathered shares by upping the price for a week. When that failed today they dropped the price to get them. Buyer still mopping up so be bold and hold for the next RNS

[urigem] 22/5/2018 16:53

This will chew you up and spit you out if you try to trade on margin. You have to be able to take a bit of volatility. Tomorrow first hour may well see a raid on longs, but it won't last long.

[jayrh] 22/5/2018 16:38

Bought on a spike I take it

[boxerdogz] 22/5/2018 16:31

Try investing instead of trading , that can work better over long term

[kikkeridirect] 22/5/2018 16:23

Loss will go back to my day job. Trading ain't for me

[h0me] 22/5/2018 16:23

It's an engaging story. Why would they need to raise any cash - someone scaremongering?

[boxerdogz] 22/5/2018 15:37

Lot of very news names in here , The herd late comers I guess, hope you all do well

[urigem] 22/5/2018 15:32

Purple £1.5 million improvement on the bottom line over last 12 months

[urigem] 22/5/2018 15:29

On the not too distant past owners of online casinos, poker and sports betting were threatened with life in prison, for taking US customers bets. Most pulled their operations completely, as no money or growth prospects, they will be quick to react though, but US is very protectionist and with multiple state rules, and an influx of betting firms, it will pay to already be part of the solution

[purple11] 22/5/2018 15:27

5k profit last 12 months........

[urigem] 22/5/2018 15:22

DubOf course they will - but there are big barriers to entry, see the comment that only land based casino and tracks can apply.. That's why I think you take out or partner with the companies who have a head start.. This looks like a good one as it's worth next to nothing, but over night holding a Royal Flush.

[urigem] 22/5/2018 15:18

Need to tie in with a big sports being platform, my money on Playtech

[dubian99] 22/5/2018 15:17

Cheers chaps,
but how does that effect W Hill, 888, PP, etc, your saying as much as they aren't eligible to participate in open US betting, why are they there if there is a barrier to access,
they will get licenced up won't they ?

[equity growth] 22/5/2018 15:14

Re NY licence from last June's rns"The award of the license adds to the growing number of US States in which WatchandWager operates. Most importantly, it now secures WatchandWager a licensed presence in the two major States for horse racing by value of wagers placed, namely California and New York Itself, something many other ADW operators have been unable to achieve. It is estimated that California and New York residents wager over $1billion through ADW operations per annum and wagers on races conducted in the two key States represent over 40% of the total licensed US pool betting market of over $10billion per annum. The Board believes the acquisition of key licenses such as these is critical to the company's future as it continues to focus on the strategic development of its B2C retail operation via the watchandwager.com/mobile site."

[urigem] 22/5/2018 15:11

DubA bit about the New York licenceWatchandWager's New York State license approvedADW may now accept wagers from the Empire StateThe board of Webis, the Group specializing in pool wagering and the operators of Cal Expo, the Californian harness track, is pleased to announce that its Advanced Deposit Wagering ("ADW") business, WatchandWager.com LLC ("WatchandWager") received a license approval from the New York State Gaming Commission on Wednesday, 31(st) May. This new license means WatchandWager can commence accepting registrations, deposits and wagers from residents of New York State with immediate effect, and in time for the prestigious Belmont Stakes, run at Belmont Park, NY on 10(th) June. The license will be renewable annually.The award of the license adds to the growing number of US States in which WatchandWager operates. Most importantly, it now secures WatchandWager a licensed presence in the two major States for horse racing by value of wagers placed, namely California and New York Itself, something many other ADW operators have been unable to achieve. It is estimated that California and New York residents wager over $1billion through ADW operations per annum and wagers on races conducted in the two key States represent over 40% of the total licensed US pool betting market of over $10billion per annum. The Board believes the acquisition of key licenses such as these is critical to the company's future as it continues to focus on the strategic development of its B2C retail operation via the watchandwager.com/mobile site.New York State is a major center of horse racing in the United States with the premier New York Racing Association circuit of Aqueduct Racetrack, Belmont Park, and Saratoga Race Course. In addition to those three tracks, the Empire State is home to Finger Lakes Racetrack as well as Buffalo Raceway, Batavia Downs, Monticello Raceway, Saratoga Raceway, Tioga Downs, Vernon Downs, and Yonkers Raceway for harness racing.WatchandWager President Ed Comins confirms the New York license is a significant development in the growth of the company: "We are delighted to be approved by the New York State Gaming Commission, who have a reputation for enhanced due diligence and demanding the highest levels of compliance," Comins said. "The expansion of our licenses to include New York means that WatchandWager is now available to our players in the two most populous States that allow Advance Deposit Wagering. We look forward to giving them the very best deal on the best horse racing from the United States and around the world."

[urigem] 22/5/2018 15:08

DubA bit from the RNS, more about the ADW licence that's where the regulations are- see belowWatchandWager has been the licensed operator of WatchandWager Cal Expo Racing in Sacramento, California since 2014. It is one of the few Advance Deposit Wagering ("ADW") companies to conduct both live pari-mutuel racing and on-line wagering services. Significantly, California's draft Sports Betting Bill specifies that only land-based racetracks and casinos will be eligible for license applications. In the United States, WatchandWager holds ADW licenses not only for California, but also for North Dakota (providing regulated access to a total of 28 states), together with individual State licenses for New York, Kentucky, Colorado, Minnesota

[equity growth] 22/5/2018 15:07

dubian99 online as well"As a reputable, licensed, and well-regulated company with a unique US land-based and on-line presence, WatchandWager can only benefit from this decision. As a result, we now seek partnerships with proven gaming software and other established operators in the anticipation that individual State legislation will receive approval."

[borg45] 22/5/2018 15:01

Huge spread MM using all their tricks

[dubian99] 22/5/2018 14:49

One thing isn't clear to me,
The licences that WEBIS have allow them to operate as they do across states and tracks with Watchandwager, that obviously allows them some exclusivity but this as i see it is only in regards to be accredited to facilitate with the tracks Paris mutual system, equivalent to UK Tote,
That may be big cheese in the old betting landscape but what other exclusivity do these licenses have when Paris mutual (Tote) is not the only odds return,

If the US is opened up to online sports betting what is to stop PaddyPower etc from compiling their own odds or based on PM, nobody bets on the Tote online in the UK, they will certainly create their own odds in every other sport except horseracing, Basketball etc, to operate in the same arena Webis does if they have to pay a licence why wouldn't they, that's the reason William Hill etc have opps and 400 staff in the US
If Webis's licences give them more exclusivity going forward than just the Paris Mutual then yes it's a Bid Deal,

So what do these licences have except Paris Mutual pool access that give them exclusive value, any lth's can help here

[ernestsyngen] 22/5/2018 14:26

BELT UP ! We’re going up again big time

[ernestsyngen] 22/5/2018 14:04

RNS according to LSE board incoming

[andrbea] 22/5/2018 13:58

optimism varies depending on which state you're in
eg

Morrison, the point man on legal sports wagering legislation in Indiana, still anticipates new sports gambling operations that could bring in millions.

[urigem] 22/5/2018 13:53

I auction again

[urigem] 22/5/2018 13:52

This doesn't want to go red