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XL Media plans to float on AIM
Monday March 3,2014 : ONLINE GAMBLING MARKETING FIRM TO LIST IN LONDON
XL Media plans to float on AIM with former Ladbrokes chief in the chair.
Former Ladbrokes chief executive Chris Bell has been a busy man at XL Media, an online marketing company which drives internet users to online gambling sites; the company is expected to announce today that it plans to float on the Alternative Investment Market in London.
Founded in 2007 through a merger between a business run by chief executive Ory Weihs and two other founders, and with clients like Ladbrokes, Bet365 and 888.com, XL generated revenues of GBP 15.7 million in 2012.
Chris Bell is chairman of the company, which has seen revenues soar from GBP 3.8 million in 2009 to almost GBP 16 million in 2012, and earnings rising from GBP 1.3 million to GBP 7.5 million.
XL, which owns and operates some 2,000 websites, hopes to raise between GBP 18 and 24 million from its IPO, which would give it a market capitalisation of around GBP 60 million.
Management says the company is being positioned to benefit from the online gambling legalisation trend currently developing in the United States.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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