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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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