Webis Holdings Forms Strategic Partnership with XST Capital Group

Webis Holdings, a prominent operator in licensed international pool wagering, is pleased to announce it has entered a partnership with XST Capital Group (XST), a leading investment bank specializing in the digital gaming sector. Both companies will now focus on advancing strategic opportunities.

Webis Holdings and XST Sign Partnership

The partnership was initially announced on September 8 and took effect immediately. Webis has confirmed the appointment of XST to assess mergers, acquisitions, and other strategic opportunities aimed at enhancing shareholder value. However, the company clarified that any transactions under this agreement will not include its existing horse racing license at Cal Expo in Sacramento, California.

Ed Comins, managing director of Webis, stated that the company is enthusiastic about collaborating with XST Capital Group on this significant strategic initiative. As the company enters the final quarter of 2025, this initiative represents a primary area of focus. He emphasized that Webis will continue to keep customers, shareholders, and partners informed of any notable developments.

Joel H. Simkins, CEO of XST Capital Group, expressed his enthusiasm for the partnership with Webis and the WatchandWager team. He highlighted the strength of the company’s regulatory licences, respected brand, and loyal customer base as key assets in capturing emerging opportunities within the evolving digital wagering landscape. Simkins affirmed XST’s commitment to supporting the Webis Board as it explores strategic options to unlock the company’s full potential.

Webis Holdings to Benefit Greatly from this Partnership

It should be noted that WatchandWager.com LLC, which Webis operates in the US, should greatly benefit from the partnership with XST. WatchandWager operates from its main base in Lexington, Kentucky, with its head office located in the San Francisco Bay Area, California. It offers pari-mutuel pool betting and wagering services to clients across the United States through multiple distribution channels.

WatchandWager holds a US pari-mutuel license for its Advance Deposit Wagering (ADW) operations, including a multi-jurisdictional license issued by both the North Dakota and California Horse Racing Boards. The company is also licensed in Kentucky, New York, and several other key states.

Its wagering services primarily focus on horse and greyhound racing. WatchandWager also maintains contracts with a number of prestigious racetrack partners across the country, including Churchill Downs, the New York Racing Association (NYRA), and Monarch Content Management. These agreements grant WatchandWager access to the prestigious Triple Crown series. These include the Kentucky Derby, as well as many of the most prominent racetracks in the US, which host premier, top-tier racing events.