XLMedia Acquires Saturday Football Inc.
XLMedia has acquired Saturday Football Inc., a major online publisher of college football news, for a total consideration of US$23.0 million cash.
XLMedia will pay an upfront consideration of US$11.0 million in cash plus an additional US$12.0 million, payable over three years. In addition, the founders, who are remaining with the business, will receive US$1.0 million in long-term incentive shares of XLMedia. The Acquisition will be funded from XLMedia’s existing cash reserves.
The acquisition of Saturday Football Inc. follows the acquisitions of Sports Betting Dime and CBWG Sports which, when combined, significantly strengthen XLMedia’s position in the fast-growing US sports market. The addition of Saturday Football to XLMedia’s portfolio will create significant cross-marketing opportunities for the wider Group and provides good reach across the South and Midwest States, including markets yet to legalise sports betting.
Stuart Simms, CEO of XLMedia, said: “We are delighted to be acquiring Saturday Football Inc., cementing an already extremely productive working relationship. Over the last twelve months, we have got to know the business very well and have been hugely impressed with their team, their systems and most importantly their market reach.
“This transaction provides additional operation depth and reach to our sports footprint which we believe is fast becoming a significant growth driver for our business.
“With the forthcoming US College Football season about to commence, the timing of this transaction couldn’t be better with our growing US presence ideally positioned to further support the team at Saturday Football Inc.”
Ken Dorward, XLMedia Head of North America, said: “We are thrilled to be delivering on XLMedia’s strategic vision for Americas sports, and look forward to welcoming the Saturday Football Inc. team, who really complement our existing portfolio as we pursue this once in a generation US opportunity.”
XLMedia Partially Disposes Personal Finance Assets for $1.3 Million
XLMedia has announced the part disposal of the Group’s Personal Finance assets for a total cash consideration of $1.3 million (the Disposal). The Disposal comprises domains and websites including Investor Junkie, Greedy Rates and Young and Thifty owned by XLMedia Publishing Limited and Webpals Systems SC Limited, subsidiaries of XLMedia plc. The cash generated from the Disposal will be utilised in the day-to-day operations of the business.
The Disposal is in line with the Company’s strategy to exit non-core activities while focusing on the Group’s Sports and Gaming business, expanding its North American Sports footprint, while also refining and developing the Group’s EU Sports portfolio, and the Group’s Gaming assets in selected markets, including the US.
In the year ended 31 December 2022, the assets relating to the Personal Finance division generated revenues of $1.9 million and EBITDA loss of $1.3 million.
The Personal Finance assets were excluded from continuing operations as disclosed in the Company’s year ended 31 December 2022 results and have no impact on earnings in the current financial year.
Following the sale of these assets to MPD Media, the process to sell the remaining Personal Finance assets is at an advanced stage, but there is no certainty that a transaction or transactions will complete.
IGSA Celebrates 25th Anniversary
The International Gaming Standards Association (IGSA) is celebrating 25 years of its role in support of gaming industry standards.
IGSA president Peter DeRaedt said: “In addition to the many champions and pioneers of our technical standards, we’re also proud and honoured to have featured a keynote video by Trevor Croker, CEO of Aristocrat Leisure, a founding IGSA member, and this week to feature a keynote video address by Rich Schneider, chief product officer of Light & Wonder and another 25-year IGSA member.”
Mark Pace, vice-president of the IGSA, said: “It has been great to see the congratulations and well wishes come in from all over the world from our current and former members, friends and colleagues.
“These companies have joined in celebrating IGSA’s 25-year anniversary through video messages that we have posted on our social media channels and website.
“We invite all our current and past members to join us at our annual meeting celebration and get-together at Canaletto in the Palazzo on October 10 while you’re at G2E.”
Former iGaming Director Unveils Holistic Wellbeing Platform for the Gaming industry
HabitRewire, an industry leader in health and wellbeing for the iGaming sector, announced the debut of its innovative iGaming wellbeing platform. The turnkey white-label wellbeing solution can be accessed at any time, anywhere via a user-friendly app, helping employees across the world improve their wellbeing 24/7, inside and outside the workplace.
Presented as a ready-to-use white-label solution that can be branded as the company’s own, it offers an holistic, wide-ranging, and result-driven wellbeing solution that can be instantly deployed.
The platform draws upon HabitRewire’s ‘Habit Rewiring’ methodology, which is backed by robust scientific evidence. This innovative method is engineered to stimulate sustainable behavioural change, helping employees use daily practices to build the skills and habits to improve their physical health, mental wellbeing, and workplace productivity.
“True health and wellness stretch beyond diet and exercise,” affirmed Leo Judkins, Founder of HabitRewire. “Our platform delivers personalised, comprehensive wellbeing interactions across nutrition, movement, sleep, stress, time management and productivity to help employees reach their goals efficiently and effectively, wherever they are.”
The uniqueness of HabitRewire’s platform lies in its CRM capabilities and unique focus on the iGaming industry, reflecting Judkins’ rich, 12-year experience as a CRM Director in the field. His extensive knowledge from developing marketing automation platforms and managing global marketing teams, combined with personal journey of losing 35kg has directly influenced the creation of the HabitRewire platform.
“We use behavioural data, customer segmentation, and automated lifecycle campaigns to create personalised interactions throughout the employees entire wellbeing journey. From the initial stages of activation, onboarding and engagement, right through to retention and reactivation phases.” Judkins noted.
HabitRewire’s platform incorporates an various features such as weekly challenges, daily check-ins, community chats for peer-to-peer encouragement, leaderboards, workouts, recipe books and lifestyle guides.
Designed with the modern workforce in mind, the platform provides employee with a personalised dashboard that includes training advice, nutrition tips, and recovery strategies. The app allows users to schedule coaching calls with a team of experts that includes certified nutritionists, online personal trainers, sleep coaches, stress management professionals, and behaviour change specialists. Additionally, users can track their progress in real-time and sync their data with wearables and services like Apple Health.
“Most wellbeing solutions aren’t accessible for the employees who need it the most. They simply don’t have the time or energy to participate, which a key part of the problem. Our objective is to help people achieve their health and wellbeing goals, no matter where they are in their journey or what’s going on in their life right now” stated Judkins.
HabitRewire’s innovative platform signifies the shift towards proactive and individual care in the workplace, delivering wellbeing solutions directly to employees’ fingertips, no matter if they work from home or from an office.
Companies using HabitRewire’s platform can expect enhanced performance, increased productivity, and a significantly improved working environment. All quantified in weekly management reports that show measurable results.
LeoVegas Group granted three licenses to offer gaming software in Sweden
Casino Guru Awards presents The Most Ethical Approach to Marketing category
SANDSOFT GAMES ANNOUNCES SECOND ‘PRESS START’ INTERNSHIP PROGRAM
TOTO Sport and TOTO Casino launch instant payouts in the Netherlands with Trustly
WinADay Casino Celebrates 15th Birthday with Freebies, Match Bonuses and four New Games
Everygame Casino’s New Sweet Shop Collect from Spin Logic has New Candy Collector Bonus Feature
Azerion Q1 2023 results and progress with the consolidation and integration of previous acquisitions
Made-in-India Shooter Battle Stars Crosses 2 Million Players, Launches Battle Royale With Mumbai-Inspired Map
NuxGame Bolsters Payment Processing With CoinPayments Integration
Blocktrade Launches New Gamified Universe to Transform How Users Engage with Digital Assets
Hipther Introduces Rite NRG and Darek Hiliński
BETSSON GROUP AND BETSAFE NOMINATED FOR THE BALTIC AND SCANDINAVIAN GAMING AWARDS
PandaScore BetBuilder goes live with Ladbrokes Australia
Gaming Americas Weekly Roundup – May 1-7
London Blockchain Conference: Where iGaming Meets Blockchain Technology
EGT Romania’s Exciter IV Offers Fabulous Gaming Experience
Latest News7 days ago
Top Tips for Assessing iGaming Platform Quality
Baltics7 days ago
Swintt enters Lithuanian market through 7Bet partnership
Gambling in the USA7 days ago
Gaming Americas Weekly Roundup – May 22-28
Balkans7 days ago
Skilrock Technologies to Exhibit at the 11th EL Congress 2023
Latest News7 days ago
One week to go until Kambi’s Festival of Sportsbook
eSports7 days ago
DMCC Publishes Latest “Future of Trade” Report on Gaming and Esports
eSports7 days ago
SPORTFIVE Partners with Saudi Esports Federation
Balkans7 days ago
Wazdan further strengthens Bulgarian presence with WINBET