Gambling in the USA

WatchandWager extends license in California

Published

7 years ago

December 4, 2018

Niji Narayan

WatchandWager extends license in California

Reading 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.”

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.