Catena Media office

Catena Media plc has expanded a strategic review to cover its entire European online betting and casino affiliation business. As of today, it has begun a review of its European product portfolio and cost base, entering into a formal consultation process for layoffs of staff based from Malta and the UK.

In a statement issued on Wednesday, Catena Media said the European business, consisting of online sports betting and casino affiliation assets acquired prior to mid-2018, has faced challenges in recent years.

These relate to regulatory changes in markets including the UK, Sweden, Germany and, most recently, the Netherlands. “They also reflect general market developments in Europe, which have affected casino operations in particular,” the company said.

The expanded strategic review seeks to identify efficiencies in Catena Media’s European operations and to increase the group’s focus on higher margin opportunities within the region.

“The intention is to free up resources to capitalise on growth opportunities in the fast-growing North American business and in the Asia-Pacific and Latin American regions, thus creating maximum value for the company and its shareholders going forward.”

With this in mind, Catena announced that the group is aiming to make annual savings of “at least” €5 million in operational and capital expenditures.

It initially announced a review back in May, covering specific segments of the business, such as its flagship brand AskGamblers and its financial trading segment. It has now expanded this review, and aims to provide an update on its results in September.

Continue Reading

LeoVegas promotes James Ford to director of gaming

5 October 2022
by Lea Hogg

He has worked with the mobile gaming company for the past five-and-a-half years

John Ferguson appointed British Horseracing Authority board

4 October 2022
by Lea Hogg

He brings a wealth of experience in horseracing, training and bloodstock industries

‘Always a means of learning more’: Adrian Figallo engaged as Steward in F1 Esports Series Pro Championship

4 October 2022
by iGamingCapital.mt

iGamingCapital.mt speaks to Adrian Figallo about his involvement in the prestigious Formula One Esports Series Pro Championship while encouraging others to also take part

Yoel Zuckerberg joins Soft2Bet as chief product officer

4 October 2022
by iGamingCapital.mt

He comes with extensive experience in product and over 15 years of experience in the industry

See more
Close Bitnami banner
Bitnami