Webis Holdings plc was incorporated in the Isle of Man in May 1998 and commenced trading on the 5th October 1998 from its offices based in Douglas, on the Isle of Man.
Webis Holdings plc operates two primary segments within its Group structure:
WatchandWager.com Ltd and WatchandWager.com LLC – Advanced Deposit Wagering (“ADW”)
WatchandWager.com LLC – Cal Expo Harness Racetrack
WatchandWager.com Ltd is regulated in the Isle of Man and operates a totalisator wagering hub through its United States Tote supplier, which enables it to conduct its ADW business by passing wagers directly into global racetrack betting pools in real time.
WatchandWager.com LLC has its operational base in Lexington, Kentucky, with its head office in San Francisco’s Bay Area, California, and provides pari-mutuel, or pool-betting, wagering services through a number of distribution channels to a global client base. The company holds United States pari-mutuel licences for its ADW business in the US, namely a multi-jurisdictional licence issued by North Dakota and individual licenses in California, Kentucky and New York, as well as several other US States. The business provides wagering opportunities predominantly on horse and greyhound racing and has contracted with a significant number of prestigious racetrack partners within the United States, Hong Kong, Canada, United Kingdom, Ireland, Australia, South Africa and France amongst others. It provides wagering facilities to customers through its website, watchandwager.com, and mobile product as well as offering a Business Trading product and a telephone call centre.
WatchandWager.com LLC also operates Cal Expo Harness Racetrack in Sacramento, California, under a licence issued by the California Horse Racing Board. This ‘bricks and mortar’ presence in the largest state economy in the US continues to provide leverage for our related global pari-mutuel operations.
As part of the requirements for Webis Holdings plc’s Isle of Man licence, client funds for the Isle of Man licensed Group companies are held in fully protected client accounts within an Isle of Man regulated bank.