Tag Archives: AskGamblers

Gentoo Media Plc’s leadership is confident in its abilities as a standalone business as a strategic review of cost controls, including a forthcoming headcount reduction, is initiated. Q1 trading saw the Stockholm and Oslo-listed media firm post revenues of €24.8m, down 11% on 2024 comparatives of €28m. Management sees the quarter as a period of strategic adjustment for Gentoo’s media …

Gentoo Media has achieved all corporate objectives of a transformative year, completing a successful transition to become a standalone media business. Publishing its Q4 2024 accounts, Gentoo registered its 16th consecutive ‘all-time high’ in revenues, reaching €36m—up 35% on like-for-like 2023 comparatives of €26m. Q4’s high revenue results were achieved despite Gentoo registering an 18% decline in new depositing customers …

Catena Media Plc has initiated a tender process to appoint a new independent auditor for the Stockholm-listed iGaming media group. This morning, markets were notified that the board of Catena has begun the process of electing an auditing firm to validate its corporate accounts for the financial year ending 31 December 2025. As detailed: “This process was initiated in accordance …

Casino affiliate website AskGamblers has revealed that the majority of sports bettors in the UK are more inclined to place a bet on a hunch rather than taking a separate approach that is grounded in metrics.  As part of the company’s ‘Gut Instinct’ campaign, a survey pool of 1,000 regular UK sports bettors returned what AskGamblers has called “alarming” feedback, …

Gaming Innovation Group (GiG) has achieved record-breaking financial results as the tech group moves to split its platform and media units into standalone businesses in 2024. Publishing its Q4 and full-year 2023 results this morning, GiG concluded its final quarter as a combined sportsbook platform and igaming media supplier, achieving ‘all-time high’ revenues of €35.6m, up 37% on the corresponding …

Catena Media Plc has initiated an extensive internal investment programme to advance its tech platform and AI capabilities, as investors are warned that challenging trading conditions will continue until the second half of 2024. The Stockholm-listed igaming media group published its full-year 2023 results, reporting a dire close to year trading, registering Q4 revenues of €14.5m, a decrease of 41% …

Catena Media has completed its strategic review executing a divestment of legacy media assets generating its business €76m in proceeds, to enable significant debt repayments  The announcement was declared separately to Catena Q3 trading update, which saw the Stockholm-listed media publisher reveal a 28% decline in Q3 revenues to €16m (Q32022: €22m). The continued revenue decline reflects the “transition of …

North America has again proven to be fertile ground for Catena Media in 2022, driving substantial revenue growth for the company that continues a strategic review of its business and media assets.  Having closed the year with the €45m sale of its AskGamblers division, along with a range of accompanying websites, to Gaming Innovation Group (GiG), Catena updated its investors …

Catena Media has warned investors of a reduction in Q4 operating profits due to impairments related to write-downs and restructuring measures of its European media portfolio.    Publishing a Q4 2022 preliminary update, Catena underlined continued strong US trading, as its North American assets achieved revenues of €21.5m, reflecting a 31% increase on corresponding results of €16.4m. Having reduced the size …

Catena Media Plc  continues to examine all available options related to its ongoing strategic review and business transformation, prioritising accelerated growth within North American markets. In May, prior to publishing the group’s interim results, Catena’s Board announced that it had placed all European assets under review, as part of a group-wide evaluation of its business strategy.  Tough H1 trading saw …