Thimba Media acquires Casinomartini.com from Swedish owners

Trending

Thimba Media, a global iGaming content marketing company, acquires Casinomartini.com, its player bases, operations and staff from the Swedish based founders of the business.

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

The agreed purchase price represented a multiple of approximately 3.9x 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.

The acquisition was settled using Thimba Media’s current cash balance.

- Advertisment -

Latest

World’s 500 largest family businesses grew their revenue by 10%

The 500 largest family businesses generate US$8.02t and employ 24.5m people across 47 jurisdictions, according to 2023 EY and...

Must read