Group will purchase gaming assets from XLMedia in Europe and Canada.

XLMedia, an affiliate group, is selling its European and Canadian gambling assets to Group for up to $42.5 million.

This move shows XLMedia's focus shifting towards the US market. The sale includes popular sites like and also WhichBingo.

XLMedia aims to clear debts, provide working capital, and return cash to shareholders. The deal, valued at 200% of XLMedia's market cap, is expected to complete by April 1.