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WatchandWager extends license in California

WatchandWager extends license in CaliforniaReading Time: 1 minute

 

The California Horse Racing Board (CHRB) has extended WatchandWager’s advanced deposit wagering (ADW) license for a further three months. The company is confident of a license renewal in the near future.

The company spokesperson said that interim renewal is “strategically important […] in light of the anticipated legislation legalising sports betting in the state.”

The license extension comes at a good time for the company, as it has just terminated a partnership with a syndicate which would lead to an US$800k gross margin reduction for the current financial year.

The spokesperson added: “The company stands very well positioned in particular in California, a gaming market that will dwarf other USA states in size when regulated.”


Source: Latest News on European Gaming Media Network

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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