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.
