XLMedia sells three European Casino Assets for $4m

The Group will keep running its gaming division in Sweden and other European markets. Global digital media company XLMedia has sold three of the Group's European Gaming domains and related websites, Casino.se, Casino.gr, and Casino.pt, for a total upfront cash payment of $4m. It is equivalent to 4.7 times the revenue. For the fiscal year that concluded on 31 December 2022, the assets related to the Sale produced $840,000 in revenue or 6% of th...