Industry News

Thimba Media Acquires Casinomartini.com

Published

5 years ago

May 11, 2020

Niji Narayan

Reading Time: < 1 minute

Thimba Media, a global iGaming content marketing company, has acquired Casinomartini.com, its player bases, operations and staff.

Casinomartini.com’s main operations include the UK, Germany and New Zealand. Casino Martini offers a strong platform for organic growth in these markets for Thimba Media.

The agreed purchase price represented a multiple of approximately 3.9× EBITDA for the last twelve months, with the possibility of additional payments based on certain key performance indicators.

The founder of Casino Martini will continue to be involved in the operations and use their know-how to support Thimba Media’s roll out of the product in Latin America and Canada.

“This is another acquisition that is fully in line with our strategy to expand our organic traffic into new markets. We look forward to working together with the Casino Martini Founder and Staff to take the product to the next level of growth,” Chris Russell, CEO of Thimba Media, said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.