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Webis now up more than 580% on US gambling sector hope
The potential opening up of the US sports betting industry has breathed new life into micro-cap gambling company Webis (WEB:AIM) and made its shares the second best performing stock year-to-date with a 584% gain.
Webis conducts live pari-mutuel racing and online wagering services through its WatchandWager brand and has a licence to accept wagers from residents in various US states.
It is now seeking partnerships with gaming software and other operators in the hope that individual state legislation for sports betting will be approved.