Shares in XLMedia PLC (AIM:XLM, OTC:XLMDF), the digital media company, jumped 4% to 10.1p after the firm confirmed the sale of three European casino assets.
The AIM-listed group will receive US$4mln from the sale, which represents around 4.7x the total revenue generated by the three assets.
Cash generated will be used for general working capital purposes as well as fund further investment towards the expansion of XLMedia's North American Sports and Gaming footprint.