Tag Archives: Marcus Rich

XLMedia FY2023 stung by $57m US & Euro writedowns

SBC News XLMedia FY2023 stung by $57m US & Euro writedowns

XLMedia Plc trades on a leaner portfolio following the strategic divestment of non-core assets in Q1 2024, aimed at returning the company to growth. This morning, the London AIM affiliate media publisher posted its full-year 2023 results, reporting statutory operating losses of $45m. Corporate accounts booked a ‘necessary write-down’ of $57.3m, related to the reorganisation of its US network and …

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Gambling.com finalises acquisition of XLMedia assets 

SBC News Gambling.com finalises acquisition of XLMedia assets 

The acquisition by Gambling.com Group of Freebets.com and all related assets from XLMedia has been completed. Earlier in March, digital marketing and player acquisition provider Gambling.com announced that it will move forward with the purchase of XLMedia’s sports betting and gaming assets across the European and Canadian markets. These include affiliate sites like Freebets.com, WhichBingo.co.uk, Nettiskasinot.com and Vedonlyonti.com. The deal …

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XLMedia seeks new CFO as Caroline Ackroyd departs leadership team 

SBC News XLMedia seeks new CFO as Caroline Ackroyd departs leadership team 

The board of XLMedia has announced that Caroline Ackroyd has notified the board of her intention to resign as Chief Financial Officer (CFO) of the London AIM iGaming media publisher. Updating investors, XLMedia informed that Ackroyd will maintain CFO duties until 31 March 2024 to assist the executive leadership team with an orderly transition. Ackroyd has served as XLMedia’s CFO …

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Stateside prospects trump Europe for XLMedia after achieving 2022 revenue targets

Stateside prospects trump Europe for XLM after achieving 2022 revenue targets

Momentum in the US last year provided XLMedia (XLM)  a ‘solid start’ to 2023, the company has asserted to its AIM investors, having achieved broad growth amid a business-wide restructuring. The London-headquartered betting and gaming publisher reported that, having launched operations in 19 US states, revenue from ‘continuing operations’ has risen 24% to $71.8m ($57.8m) in 2022. However, XLM was …

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XLMedia recruits ‘transformation pro’ David King as CEO 

SBC News XLMedia recruits ‘transformation pro’ David King as CEO 

The board of XLMedia Plc has confirmed the appointment of David King as inbound Chief Executive of the London AIM-listed global igaming media publisher.  Effective from 1 July 2022, the appointment will see King succeed Stuart Simms, who announced his resignation as CEO of XLMedia in April. A UK media figurehead, King is the former Chief Executive of JPIMedia Group, …

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XLMedia confirms CEO departure of Stuart Simms

SBC News XLMedia confirms CEO departure of Stuart Simms

The board of XLMedia has confirmed that Stuart Simms has chosen to resign as Chief Executive of the London AIM-listed igaming media publisher. Updating investors, XLMedia stated that Simms had chosen to “pursue other interests”, but will support the company in its leadership transition as the board begins an executive search to find its successor. CEO of XLMedia since 2019, …

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