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Business
January 31, 2023
GiG Acquires AskGamblers.com via Share Purchase by Innovation Labs
Last December, the leading technology company in the iGaming industry sealed the historical acquisition deal with Catena Media Plc. Now, Gaming Innovation Group (GiG) has announced the completion of the acquisition process for casino affiliate sites Askgamblers.com, Johnslots.com and Newcasinos.com along with a series of smaller domains from Catena Media Plc. The Transaction, Completed Via a […]
Business
January 19, 2023
Catena Media Posts Preliminary Q4 2022 Results
Catena Media published the preliminary results for its performance during the final quarter of the year. It added that the year-end report will be published on February 22 this year. Catena Media Expanded in NA As evidenced by the results, Catena Media is on the rise in North America, its primary market. Data shows that […]
Sports
January 11, 2023
Catena Braces for Intense Q1 Betting in Ohio after Record Start
The company reported its best performance to date registered as a result of a fresh launch. Ohio opened for sports betting business on January 1, 2023, and has been expanding rapidly over the past week. Early Day Success in Ohio for Catena Most of this is the result of pent-up demand in the populous state […]
Business
January 10, 2023
Catena Media Names Carnegie Investment Bank AB as Financial Advisor
The group that offers securities brokerage, investment banking, and private banking services will pay attention to all options regarding strategic transactions and public tender offers that the group has received. While Catena Media has not yet received a firm bid for its business or assets, the affiliate did agree to sell AskGamblers to the Gaming […]
Business
December 15, 2022
GiG Buys Catena Media’s AskGamblers & Related Casino Brands for €45M
Leading iGaming technology company that offers solutions, products, and services to operators Gaming Innovation Group (GiG) has inked an important acquisition deal with Catena Media Plc. The latter had agreed to sell its two wholly owned subsidiaries located in Serbia and Malta that are responsible for operating the AskGamblers brand and associated online casino brands […]
Business
November 22, 2022
AskGamblers Sale May Prop Up Catena’s Restructuring Efforts
Gambling affiliate operator Catena Media may soon enjoy a brief respite amidst a tumultuous 2022. The company has been underperforming in recent months and is now attempting to divest itself of some of its brands and stagnating European assets. Recent news suggests that AskGamblers.com, Catena’s online gambling player community portal, may have attracted a potential […]
Business
November 17, 2022
Catena Releases Q3 Results, Confirms No Further Layoffs Planned
The leading gambling affiliate operator, Catena Media, released its latest interim report and provided an update on its strategic review Thursday. Catena Media Posts Q3 Results The company revealed its revenue for the third quarter hit €32.3 million ($33.4 million). A year-over-year comparison to the same period in 2021 showed that this year, the revenue […]
Business
October 7, 2022
Catena to Save €5M in Europe and Re-Invest in the US
In August, Catena Media Plc announced it would scale down its European assets while throwing the focus on the North American market. This came after the company decided to place all assets on the Old Continent under strategic review on May 20, right before its interim results came out. Now, the company has announced that […]
Industry
August 18, 2022
Catena Media’s Momentum Came to a Halt
Catena Media, a publicly-listed media company, has published its financial results for the second quarter of the year. Although the company opened 2022 with record-breaking Q1 results, the company seems to have lost its momentum. Catena Media’s Revenue Declined Catena Media didn’t manage to surpass its record-breaking Q1 financial results. The company shared that it […]
Business
August 10, 2022
Catena to Scale down EU Assets and Focus on NA
Catena Media, a publicly-listed company, will evaluate its European business. This review aims to pinpoint the company’s weaker casino and betting segments. The company plans to take a closer look into all of its gambling segments and decide which ones to scale down and by how much. Catena Will Review Its EU Businesses Catena Media […]
