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XLMedia PLC (XLM)

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Monday 16 April, 2018

XLMedia PLC

Acquisition of leading UK Bingo comparison site

RNS Number : 9427K
XLMedia PLC
16 April 2018
 

RNS Reach

16 April 2018

 

 

 

XLMedia PLC

("XLMedia" or the "Group" or the "Company")

 

Acquisition of leading UK Bingo comparison site

 

XLMedia (AIM: XLM), a leading provider of digital performance marketing, is pleased to announce the acquisition of WhichBingo.co.uk ("WhichBingo"), one of the leading online informational portals and comparison sites for online bingo games in the UK (the "Acquisition").

 

Founded in 2000, WhichBingo, is an award-winning bingo review website. The site provides in-depth information on the entire UK bingo market, publishing thousands of real player reviews, alongside its own opinion, covering every brand operating across the UK online bingo sector.  More recently, WhichBingo has expanded its product reach to include additional gambling content including online slots and casino content.

 

The Acquisition represents a further addition to the Group's website portfolio, and in particular in the fully regulated UK market. The Acquisition will benefit from increased scale through the full integration into XLMedia, which is expected to be completed within the second half of 2018.

 

Ory Weihs, Chief Executive Officer of XLMedia, commented:

 

"We are delighted to have acquired such a well-regarded UK brand. WhichBingo fits perfectly into our strategy of acquiring high quality assets across regulated markets.

 

"We continue to see a healthy pipeline of acquisition opportunities as we seek to both strengthen and broaden our market reach during 2018."

 

 

 For further information, contact:

 

XLMedia plc

Ory Weihs

www.xlmedia.com

 

Tel: 020 8817 5283

Vigo Communications

Jeremy Garcia / Fiona Henson / Kate Rogucheva

www.vigocomms.com 

 

Tel: 020 7830 9703

Cenkos Securities plc (Nomad and Joint Broker)

Camilla Hume / Mark Connelly

www.cenkos.com  

 

Tel: 020 7397 8900

Berenberg (Joint Broker)

Chris Bowman / Mark Whitmore 

www.berenberg.com   

Tel: 020 3207 7800

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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