STRIKE IT RICH Industrial action to thank as National Express sees surge in bookings
NATIONAL Express has seen a 30 per cent jump in travel bookings over the week of rail strikes, figures shared with City A.M. show, as passengers flock from rail to coach to attend the FA Cup final, the Epsom Derby and Beyonce's renaissance tour, all of which have been disrupted by industrial action. Increased demand saw quarterly UK coach revenues at the company rise by 87 per cent on the previous year in April.
Digital media company XLMedia announced a three-year extension of its partnership with Schneps Media on Wednesday, solidifying its commitment to expanding in North America and driving growth in sports betting and gaming revenues.
The AIM-traded firm said the deal would ensure that it would remain the exclusive provider of sports betting and ‘iGaming’, or online casino, content to the amNewYork brand.
It said the extension followed a successful initial two-year agreement, with XLMedia to continue supplying sports betting content to amNY.com, while also taking charge of managing commercial deals with regulated sportsbooks.
Leveraging its content and monetisation expertise, XLMedia said it would also establish an educational and engaging iGaming content hub on amNY.com.
Study: 58% of college students in the US have engaged in sports betting activity
NCAA survey reveals that 18-to-22-year-olds are more likely to bet at a higher frequency.
Sports wagering in the US is proving increasingly popular among younger people, with 58 per cent of 18-to-22-year-olds having engaged in at least one sports betting activity, according to a National Collegiate Athletic Association (NCAA) survey.
London-listed affiliate marketer XLMedia has completed the sale of assets related to its personal finance business for $1.3 million.
The disposal includes domains and websites such as Investor Junkie, Greedy Rates and Young and Thifty, and is in line with the company’s strategy to exit non-core activities in order to focus on betting and gaming affiliate marketing.
The company also said Tuesday that it is in advanced talks to sell its remaining personal finance assets, which have been treated as discontinued operations in the financial results for 2022
RE: Now selling down assets, not good30 May 2023 08:23
XLMedia Sells Some Personal Finance Assets for $1.3 Mln
XLMedia said Tuesday that it has sold some of its personal finance assets for $1.3 million as part of the company's plan to exit noncore activities and focus on the sports and gaming 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 U.S.,"
Always amazes me why people wait, then sell for a much lower price, i.e. sell for 8.7 instead of 9.5, still just means I get to buy back what I sold at 13.3p for cheaper
The news comes following a huge surge of customers in 2022, with over 16 million people having travelled using its services – an increase of 10 million from 2021.