Webis Holdings (AIM:WEB) PLC, a holding company with subsidiaries that operate in the gaming and technology sector, jumped 29% higher to 1.6% after its Advanced Deposit Wagering business won a key license renewal in California.
The company said WatchandWager.com has received a two-year license approval from the California Horse Racing Board.
The license renewal allows WatchandWager.com to accept online bets from Californian residents on a range of global content.
“We look forward to growing the WatchandWager brand in California, and the strategic advantages that it provides,” said WatchandWager president Ed Comins.