Webis Holdings and XST Capital Group Forge Strategic Partnership
Introduction to the Partnership
Webis Holdings, a leading name in licensed international pool wagering, has announced a new strategic alliance with XST Capital Group, an investment bank with expertise in the digital gaming industry. This collaboration aims to explore and advance promising business opportunities.
Details of the Agreement
The partnership, publicly disclosed on September 8, became effective immediately. XST Capital Group has been appointed to evaluate mergers, acquisitions, and various other strategic avenues with the goal of increasing shareholder value. However, this agreement explicitly excludes any transactions involving Webis Holdings’ current horse racing license located at Cal Expo in Sacramento, California.
Leadership Perspectives on the Collaboration
Ed Comins, Managing Director of Webis Holdings, expressed enthusiasm about working closely with XST Capital Group on this important venture, highlighting it as a key priority heading into the final quarter of 2025. He assured that Webis remains committed to keeping its customers, shareholders, and partners updated on any significant progress.
Joel H. Simkins, CEO of XST Capital Group, shared his excitement regarding the partnership. He pointed to Webis Holdings’ strong regulatory licenses, reputable brand, and loyal customer base as important assets that position the company well to capitalize on emerging opportunities within the dynamic digital wagering market. Simkins reaffirmed XST’s dedication to assisting Webis’ Board in uncovering strategic pathways to maximize the company’s potential.
Anticipated Benefits for Webis Holdings and WatchandWager
WatchandWager.com LLC, a subsidiary operated by Webis Holdings within the United States, is expected to gain significant advantages through this alliance. With its primary operations based in Lexington, Kentucky, and headquarters in the San Francisco Bay Area, California, WatchandWager provides pari-mutuel pool betting and wagering services nationwide through diverse distribution methods.
The company holds a US pari-mutuel license for its Advance Deposit Wagering (ADW) operations and maintains multi-jurisdictional licenses from both the North Dakota and California Horse Racing Boards. Additionally, it carries licenses in key states such as Kentucky and New York, among others.
WatchandWager primarily focuses on wagering for horse and greyhound racing. It also boasts partnerships with several prestigious racetracks across the country, including Churchill Downs, the New York Racing Association (NYRA), and Monarch Content Management. These collaborations grant access to highly esteemed racing events like the Triple Crown series and the Kentucky Derby, along with many other notable races hosted by premier venues in the US.
