Brief: Webis Holdings Says Reduction In Gross Margin For FY Will Be About $0.8 Mln

Webis Holdings

19/10/2018 08:13

Oct 19 (Reuters) - Webis Holding PLC  WEBH.L :
    * WEBIS HOLDINGS PLC  - UPDATE ON USA TRADING AND LICENSED
GAMING
STRATEGY
    * UPDATE SHAREHOLDERS REGARDING OPERATIONS OF ITS PRINCIPAL
USA
SUBSIDIARY, WATCHANDWAGER.COM LLC
    * WEBIS HOLDING - WATCHANDWAGER TO ASSUME, WITH IMMEDIATE
EFFECT,
CESSATION OF WAGERING SERVICES TO A SYNDICATE FOLLOWING A
COMMERCIAL DISPUTE
    * WATCHANDWAGER HAVE REFUNDED SYNDICATE'S PLAYER BALANCES,
TOTALING APPROXIMATELY US$ 10.0 MILLION
    * BOARD ANTICIPATES THAT REDUCTION IN GROSS MARGIN FOR
FINANCIAL
YEAR ENDING IN MAY 2019 WILL BE APPROXIMATELY US$ 0.8 MILLION

Source text for Eikon:  ID:nRSS5377Ea 
Further company coverage:  WEBH.L 

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