Webis Holdings partners with XST Capital Group to explore M&A options
Summary
Webis Holdings has appointed US investment bank XST Capital Group to evaluate mergers, acquisitions and other value-enhancing opportunities, with the mandate announced on 8 September and taking immediate effect. The process explicitly excludes Webis’s existing horse racing licence at Cal Expo in Sacramento, California.
Webis operates licensed international pari-mutuel wagering through its US arm, WatchandWager.com LLC, and holds licences across multiple US states including North Dakota, California, Kentucky and New York. The business has long-standing industry relationships — giving it access to marquee events such as the Triple Crown and partnerships with major racetracks including Churchill Downs and the New York Racing Association.
XST Capital Group specialises in the digital gaming sector; its CEO Joel H. Simkins noted Webis’s regulatory licences, established brand and loyal customer base position it well for emerging opportunities in digital wagering. Webis managing director Ed Comins said the work with XST will be a central focus for the group in Q4 2025 and that the board will update stakeholders on material developments.
Background: Webis shareholders voted in December 2024 to remove ordinary shares from trading on AIM, with formal cancellation taking effect in January 2025 — a notable shift in the company’s capital markets status.
Key Points
- Webis has engaged XST Capital Group to evaluate M&A and strategic opportunities; announcement effective 8 September 2025.
- The mandate excludes Webis’s Cal Expo horse racing licence in Sacramento, California.
- WatchandWager.com LLC is Webis’s US subsidiary, operating pari-mutuel wagering with licences in several US states and access to high-profile racing events.
- XST is a US investment bank focused on digital gaming; its CEO highlighted Webis’s regulatory footprint and customer base as strengths.
- Webis removed its ordinary shares from trading on AIM in January 2025 after a unanimous shareholder vote in December 2024.
Why should I read this?
Short version: if you track iGaming M&A or US regulated wagering, this could matter. Webis has the licences and race-track ties that make it an attractive piece in consolidation or strategic deals — and XST know the space. We’ve skimmed the detail so you don’t have to; watch for any formal offers or restructuring announcements in Q4 2025.
Source
Source: https://next.io/news/investment/webis-holdings-partners-xst-explore-ma-options/
