XLMedia explores sale of personal finance division 

Finance News

XLMedia the global digital media company that manages a portfolio of premium brands with an emphasis on Sports and Gaming in regulated markets, announces that the business is restructuring its Personal Finance division and is exploring the potential sale of all Personal Finance assets.

The process is currently underway, and the business is engaging with a number of potentially interested parties, however, there can be no certainty that any offer will be received, nor as to the terms on which any such offer may be made. Further announcements on progress will be made as and when appropriate.

These actions reflect the Company’s decision to prioritise resource allocation to its core activities and remain focused on fully capturing the North America market opportunity in sports and gaming while also rebuilding its European sports and gaming operations to seek maximum value for shareholders.

XLMedia also announces it will be holding a virtual Capital Markets Day (“CMD”) on 1 February 2023 at 2.00 p.m. GMT. The event will offer analysts and investors additional insight into the operations of the US and European sports and gaming businesses and provide an opportunity to hear from some of the Group’s senior management, as well as updates on strategy, resource allocation, market conditions, recent State launches and new media partnerships.