Information  X 
Enter a valid email address

Webis reports strengthened 'In Play' content

By BFN News | 09:51 AM | Tuesday 17 July, 2012


Webis, the global on-line gaming group, reports that the betinternet sportsbook achieved revenue growth during the second half, as the fixed-odds content continued to increase, especially within the football product. The 'In Play' content has also been strengthened significantly, and accounted for 43% of the fixed-odds singles turnover for the financial year. The 'In Play' growth helped overall fixed-odds turnover to improve over the previous year with gross margin also increasing, although this remains volatile. Given the improvement in trading, the board is now investing in the future growth of betinternet, including the recruitment of senior industry personnel and additional product. Activity driven by the recent European Football Championships has also provided a positive start to the new financial year. Trading within European Wagering Services (EWS) improved in the second half as payment processing became more stable. Average player numbers and volumes wagered both increased through the online platform and call centre. The company's move to San Francisco, California, together with its possession of a US pari-mutuel licence, is assisting with discussions in a number of areas, particularly in establishing a long-term payment processing solution and obtaining additional racing content. It is anticipated that EWS will launch its new 'WatchandWager.com' website in the first half of the new financial year, At 9:51am: (LON:WEB) share price was +0.01p at 0.88p Story provided by StockMarketWire.com

a d v e r t i s e m e n t