XL Media sells three online casino websites for $4million

Three of the Group's European Gaming domains and accompanying websites, Casino.se, Casino.gr, and Casino.pt, have been sold by international digital media business XLMedia for a combined upfront cash sum of $4 million. It is the same as 4.7 times the income. The Group will continue to manage its gaming business in Sweden and other European markets. The Group's European Gaming division is now functioning somewhat better than anticipated by management. XLMedia plans to continue expanding its presence in North America in order to boost its gaming and sports betting revenues.
 

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