Catena Media investigating sale of certain assets including AskGamblers

Catena Media has initiated a strategic review across certain areas of its business, in the same week the gambling affiliate posted record quarterly revenue

Catena Media has initiated a strategical reexamine across certain areas of its business, inwards the same calendar week the gambling affiliate posted track record quarterly revenue.

The chemical group posted Q1 revenue of €45.2m ($47.5m) for the stop 'tween January and March, which represented an 11% ontogeny year-on-year.

Adjusted Earnings Before Interest Taxes Depreciation and Amortization also improved compared with the same period in conclusion year, rising past 2% to €25.6m. New depositing customers also increased, totalling 171,918, or a 9% increase.

Now, Catena Media has proclaimed it will carry on a strategic limited review with the intention of “achieving the best outcomes for the fellowship and its shareholders inwards the long term.”

Specifically, the review relates to purported attending from other companies, so far unnamed, which hold shown stake in acquiring sure assets from Catena Media.

In a public press release, the super affiliate said: “Catena Media is currently noticing a strategic interest from thirdly parties to win certain assets, including assets in its financial trading segment, the AskGamblers make as well as certain other of Catena Media's world-wide brands.

“Catena Media wishes to emphasise no decision has been taken with honor to the strategical review, and it may resolve the best alternative is to pretend no more changes inward the nigh term.”

As a lede multiplication affiliate, Catena Media plies its trade in by bringing customers to online casinos and sportsbooks.

As referred to inward its press out statement, AskGamblers is a B2C online casino limited review website, portion consumers pick out their next operator.

Catena Media, which was founded inward 2012 and deeds with firms inwards the iGaming and financial services industries, has at present reported sixer serial quarters of revenue growth.

Its fastest-growing market is North America, where its sports betting revenue to a greater extent than doubled in the to the highest degree recent quarter, due to market launches inwards New House of York and Louisiana.

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