The business has already started the restructuring process and XLMedia is engaged with several interested parties. However, there can be no certainty that any definitive offer will be received nor any assurances on the terms on which the deal would be made.
These actions reflect XLMedia’s decision to prioritise resources to its ‘core activities,’ which is sports betting in the North American market. The company will also seek to rebuild its European sports and gaming operations in order to chase maximum value for its shareholders.
XLMedia also announced that it will be holding a virtual Capital Markets Day on the 1st of February 2023 at 2pm GMT. The event will offer analysts and investors additional insight into the inner workings of the US and European sports betting markets, delivered by the Group’s senior management team.
The virtual meeting will also give the audience insight into strategies, resource allocation, current market conditions, state launches and new media partnerships. It will be hosted by David King, CEO, and Caroline Ackroyd, CFO, together with other senior executives from XLMedia.
The virtual Capital Markets Day will be livestreamed via a webcast, which interested individuals must pre-register in order to view. A recording of the presentation will also be made available on XLMedia’s official website.
Gaming America recently sat down with XLMedia Director of Partnership Cody Darwick to discuss the company and the changing landscape of US betting. This article can be read here.