Publishing its pre-close trading update for 2023, XLMedia noted that it has previously looked into selling the whole company, but has been unable to find suitable value for its assets. Regarding M&A activity, XLMedia noted that following the sale of three European casino assets in July, the company’s board is exploring further asset sales opportunities and has had early talks …
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XLMedia Plc has informed investors that it has closed the sale of three of its European igaming properties and related domains. The European properties sold are listed as Casino.se, Casino.gr and Casino.pt and have generated a total cash consideration of $4m (€3.5m). The London AIM media publisher cited that the deal represented “4.7x multiple on revenue” of the sold assets. …
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XLMedia Plc has notified investors that it has completed the full divestment of its personal finance portfolio, marking its exit from all non-core business activities. This morning, XLMedia said it had completed selling its MoneyUnder30 domain to Northern Lights Media for $675,000 (€630K). The transaction follows the recent sale of finance domains Junkie, Greedy Rates and Young and Thrifty to …
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XLMedia Plc has notified investors of a slower start to 2023 trading due to its business countering skewed period comparatives matched against 2022 developments. The London AIM-listed media publisher expects its 2023 interim results to be below expectations due to a stagnant US calendar, in comparison to 2022 activities which featured US wagering launches in the states of New York …
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XLMedia has entered a new partnership with Spotlight Sports Group (SSG) to upgrade its horse racing content and data provisions across its digital media network. The London AIM media group will deploy SSG’s ‘Superfeed content engine’ across its most popular domains, which will gain access to news, data and analysis on over 60,000 racing fixtures annually. SGG’s content engine has …
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The board of London AIM media firm XLMedia Plc has disclosed that it is exploring options to sell all assets its finance unit holds. The sale of finance and FX domains forms part of XLMedia’s ongoing business reorganisation, in which the company aims to refocus on the growth of its sports betting and igaming content. XLMedia communicated: “These actions reflect …
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XLMedia Plc has enhanced its partnership with US publisher Advance Local, which will see it create premium betting content for MassLive.com – Massachusetts leading local news and information website. The move follows XLMedia and Advance Local launching their betting content partnership in Ohio, informing local audiences of regulated sports betting options in the Midwestern State. Advance Local has further charged …
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XLMedia Plc has appointed Karen Tyrrell as the company’s new Chief People and Operations Officer, overseeing the culture and talent development resources of the London AIM-listed affiliate media publisher. Tyrrell joins XLMedia’s executive management team from Flutter Entertainment Plc, where she most recently served as Interim CPO of the FTSE100 global gambling group. A 15-year industry executive, Tyrrell has previously …
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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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The SBC Awards North America 2022 will see the biggest brands in sports betting and gaming compete for the top prizes, with BetMGM, Caesars, DraftKings, FanDuel, Penn Interactive, PointsBet, and Rush Street Interactive all making the shortlists announced today. The winners of the 27 operator, supplier, and affiliate categories will be announced in front of an audience of 600 senior …
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