- US-focused wagering group Webis Holdings said its advanced-deposit business had been granted a license renewal to conduct harness racing at Cal Expo by the California Horse Racing Board.

Webis said it was also in advanced negotiations with the Cal Expo landlord to obtain a significant extension of the contract to operate racing at the track.

'The board believes that the securing of such an extension for its retail operations in California will be beneficial to the company in the long term,' Webis said.

'Further details will be released in the coming months.'

At 9:24am: [LON:WEB] Webis Holdings PLC share price was +0.15p at 1.25p

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