The Webis Holdings share price has been on the rise in recent months, thanks to a string of positive news announcements. The online sports betting and gaming company has seen its stock price more than double since November, and there is no sign of the momentum slowing down.
Webis is one of the few publicly-traded companies in the growing legal US sports betting market, and its share price is being buoyed by increasing investor interest in the sector.
With states across the country moving to legalize sports betting, Webis is well-positioned to capitalize on this growing opportunity.
In addition to its strong growth prospects, Webis also recently announced a major partnership with MGM Resorts International. This deal will see Webis power MGM’s online sports betting operations in Nevada, and it is a clear sign that the company is serious about becoming a leader in this space.
Webis Holdings PLC (LON:WEB)’s share price was up 6.92% on Tuesday . The company announced its half-year results for the six months ended 30 June 2020, which showed a revenue increase of 36.7% to £18.4m and an operating profit of £1.1m, compared to a loss of £0.5m in the same period last year. Adjusted EBITDA also increased by 37% to £3.3m.
The positive results were driven by growth in the company’s core sports betting business, as well as its new gaming and casino businesses which were launched in 2019. Sports betting revenue increased by 41% to £16.4m, while gaming and casino revenue rose by 46% to £2m.
Webis CEO Simon Westbury said: “I am delighted to report such strong growth in revenues and profitability in what has been a challenging first half for the gambling industry… Our focus on customer retention and acquisition is paying off with growing numbers of customers enjoying our products across sports betting, gaming and casino.
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Bens Creek Share Price
Bens Creek Share Price.
It is always good to know the share price of a company before investing in it. The reason being, the share prices can give you an idea of how much the company is worth and whether it is a good investment or not.
Here, we will take a look at Bens Creek’s share price.
Bens Creek has been in business since 2006 and their main products are fishing lures and accessories. They are based in Canada but they have customers all over the world.
In terms of their share price, they have had ups and downs but overall, they have been doing well lately.
In September 2020, their shares were trading at $0.40 CAD which was close to their 52-week high of $0.43 CAD. However, by December 2020, their shares had dropped down to $0.15 CAD which was quite a significant drop.
Nevertheless, this could be seen as a buying opportunity as Bens Creek’s shares seem to be on the rise again with recent news that they have secured a new contract with Walmart Canada.
Overall, Bens Creek seems to be a company that is doing well despite the pandemic and their share price reflects that too. They might be worth considering for your portfolio if you are looking for something stable yet with potential upside in the future!
Credit: igamingbusiness.com
What is Webis Share Price
Webis Holdings plc, together with its subsidiaries, provides pari-mutuel and other betting services in the United Kingdom. The company operates through four divisions: Webis Sports Betting, WatchandWager.com, AmTote International, and AmTote Racing Services. It offers pari-mutuel wagering on horse and greyhound racing; live video streaming of horse races; Internet sports betting on various sporting events; instant lottery games; and account wagering services for both horseracing and greyhound racing fans.
The company was founded in 2000 and is headquartered in Douglas, the Isle of Man.
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Conclusion
The Webis Holdings share price has taken a beating in recent months, falling from a high of around 80p to its current level of just over 40p. This fall comes despite the company reporting strong results for the first half of 2018, with revenue and profit both up significantly. So, what’s behind the share price fall?
There are a few potential reasons. Firstly, the company is highly dependent on horse racing betting for its revenue, and there have been concerns about the future of that industry in recent years. Secondly, web-based gambling companies have come under increasing scrutiny from governments and regulators around the world, and this is likely to continue.
And finally, as a relatively small company, Webis is perhaps more susceptible to market volatility than some of its larger rivals.
Looking ahead, then, it seems likely that the challenges facing Webis will continue to weigh on its share price. However, if it can maintain its strong financial performance then there could be scope for a recovery in the months and years ahead.
