Partis XLMedia On Sports Betting Dime Acquisition

XLMedia, assisted by Partis, has completed its acquisition of Sports Betting Dime for £26.0m ($35.6m).

The purchase has provided XLMedia with a US affiliate sports betting brand and provided an opportunity to strengthen its presence in the region. XLM said it expects to deliver revenue of at least US$54.5M.

“We believe the combination of Sports Betting Dime and CBWG provides the group with immediate scale and broad market reach at a time when US sports betting is experiencing significant growth momentum as additional states regulate and open up to legalised sports betting,” XLMedia chief executive Stuart Simms said.

Partis provided due diligence services for XL Media.

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For enquiries related to US sports betting, contact Gideon Bierer, Co-Founder, Partis at gideon@partissolutions.com