Monday July 20,2015 : ONLINE GAMBLING MARKETING FIRM ISSUES TRADING UPDATE
XLMedia posts an 83 percent rise in revenue.
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, has published a trading update for the half year to end June 2015, noting that it is on track to deliver full year numbers in line with expectations.
Highlights of the update include H1-2015 revenues up 83 percent to $36.4 million, and EBITDA up 87 percent at $12 million;
The AIM listed company, which is chaired by former Ladbrokes chief exec Chris Bell, lists the major gambling groups Ladbrokes and William Hill among its clients, and recently acquired rival Marmar Media.
CEO Orry Weihs said in a statement Monday: “We see numerous opportunities for consolidation and hence we continue to evaluate additional businesses which are a good fit for the group.”