3rd Mar 2015 10:25
LONDON (Alliance News) - Webis Holdings PLC on Tuesday said it is to close down its BetInternet.com Ltd business this week and will focus on its WatchandWager LLC business.
Webis said it had made the decision to close down the BetInternet business due to a lack of opportunities in the US pari-mutuel division. It had held talks over selling the unit, but no firm offers were tabled, leaving closing the division the only viable option.
WatchandWager provides pari-mutuel betting services via distribution channels to partners in the US, Hong Kong, Canada, the UK, Ireland, Australia and France.
Webis shares were untraded on Tuesday, having last traded at 1.35 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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