Webis Holdings plc, the global on-line gaming group, today announces its preliminary results for the period.

Summary:

Loss for the period of £337,000 (2009: profit of £452,000)

EBITDA loss of £37,000 (2009: £757,000 profit)

Group turnover of £114.2m (2009: £140.1m) 

betinternet.com sportsbook turnover decreased by 26.6% to £79.2m (2009: £107.9m)

European Wagering Services pari-mutuel turnover grew by 8% to £35.0m (2009: £32.3m)

Commenting on the results, Denham Eke, Chairman of Webis Holdings plc, said: "Overall, it has been a difficult year for the Group, with numerous challenges. However, the majority of these issues have been resolved and the future of EWS has gained a clear direction as a result of our US acquisition. We are now committed to establishing a clear strategy for the sportsbook and the Board is confident of a successful year ahead".