XLMedia PLC Completion of Sports Betting Dime Acquisition (3083T)
March 24 2021 - 3:00AM
UK Regulatory
TIDMXLM
RNS Number : 3083T
XLMedia PLC
24 March 2021
24 March 2021
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Completion of acquisition of US Sports asset, Sports Betting
Dime
XLMedia (AIM: XLM), a leading global digital performance
publisher , today announces it has completed the acquisition of the
business and assets of Sports Betting Dime, which was first
announced on 18 March 2021. The website sportsbettingdime.com is
now operating under XLMedia's existing licences and referring
clients to its regulated US operator partners, under normal
contractual terms.
Stuart Simms, CEO of XLMedia, commented:
" We believe the combination of Sports Betting Dime and CBWG,
which we acquired in December last year, provides the Group with
immediate scale and broad market reach at a time when US sports
betting is experiencing significant growth momentum as additional
states regulate and open up to legalised sports betting. "
For further information, please contact:
XLMedia plc ir@xlmedia.com
Stuart Simms, Chief Executive Officer
Iain Balchin, Chief Financial Officer
Kieran McKinney, Investor Relations
www.xlmedia.com
Vigo Communications Tel: 020 7390 0233
Jeremy Garcia
www.vigocomms.com
Cenkos Securities plc (Nomad and Joint Tel: 020 7397 8900
Broker)
Giles Balleny / Max Gould
www.cenkos.com
Berenberg (Joint Broker) Tel: 020 3207 7800
Mark Whitmore / James White / Tejas Padalkar
www.berenberg.com
Notes:
XLMedia is a leading global digital performance publisher.
Operating globally across a variety of verticals including online
gambling, personal finance and sports, the Group has established
proprietary tools and methodologies to identify and target high
value consumers on behalf of its customers, brands and
operators.
XLMedia has a clear transformation agenda to shape the future of
the performance publishing industry through the:
-- Management of a balanced portfolio of online assets covering
a range of attractive geographie s and verticals
-- Concentration on a much smaller number of publishing assets
that are content-rich, engaging and underpinned by intelligent
market-leading technology, which seek to build stronger lasting
relationships with consumers and enhance monetisation
opportunities
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