Webis expects return to profit with revenue set to climb 28.3% in FY2021

| By Robert Fletcher
Webis Holdings, the owner of the advance-deposit wagering operator Watchandwager.com, has forecast a net profit of $824,000 (£617,483/€730,430) in its 2021 financial year following an anticipated 28.3% rise in revenue.

Total revenue for the 12 months to 31 May 2021 is likely to amount to $55.7m, which would be up from $43.4m in the corresponding period last year.

Webis is not yet able to publish a full report for the financial year as planned due to a delay in Deloitte USA reviewing the activities of AmTote, the third-party wagering hub provider to Watch&Wager. This, Webis said, was delayed due to a novel coronavirus (Covid-19) issue.

Webis has agreed an extension with authorities and will publish its full set of accounts by 28 February 2022, meaning only limited details about its performance in the 2021 financial year are currently available.

Read the full story on iGB North America.

  • Regions:
  • US

Subscribe to the iGaming newsletter