Webis Holdings to further invest in WatchandWager

Senior management at Webis Holdings, confirmed that they would commit further investment to is WatchandWager sports betting subsidiary, after the division had seen substantial growth during the financial year (ending May 31).

After a review of WatchandWager  performance indicators, senior management of Webis Holdings confirmed that the division would see more investment, with a view to boost sales and corporate growth. The investment would concentrate on improvements to the WatchandWager platform through recruitment of top calibre staff.

In 2013/2014  WatchandWager experienced ‘good turnover growth’ in the full-year, boosted by new player activity in the Hong Kong Jockey Club and Swedish pools.

A Webis Holdings statement read “The board is confident that this additional investment expense will translate into enhanced profitability in the near term, justifying the commitment to compliant operations in regulated jurisdictions,”