Tag Archives: Catena Media

Catena confirms Per Widerström boardroom exit

Per Widerström, 888 CEO

Catena Media Plc has notified investors that Per Widerström has ended his tenure as a Corporate Director of the Stockholm-listed igaming media publisher.  The resignation follows Widerström accepting the position to become the new Group CEO of 888 Holdings, commencing from 16 October onwards. Widerström, the former Chief Executive of CEE gambling group Fortuna Entertainment, has served as a Corporate …

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Catena sells UK & AUS sportsbook domains for €6m

SBC News Catena sells UK & AUS sportsbook domains for €6m

Catena Media Plc has accelerated its corporate reorganisation by securing an agreement to sell its UK and Australia sports betting brands to Moneta Communications Ltd for €6m. The agreement will see Catena sell the assets of Squawka.com and GG.co.uk, in addition to all shares in the group’s wholly-owned Australian subsidiary.  “The sale marks a further step forward in refocusing the …

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Catena launches new SEK 55m buyback programme

SBC News Catena launches new SEK 55m buyback programme

The board of Catena Media Plc has authorised the company to proceed with a new SEK 55m (€4.8m) share buyback programme. The transaction was ratified at an extraordinary general meeting held on 12 July 2023, following an initial resolution at the annual general meeting on 24 May 2023. Catena explained that “the purpose of the programme is to deliver shareholder …

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Catena Media advance North Carolina plans after sports betting bill signed

North Carolina

Catena Media is stepping up its preparations for the launch of online and mobile sports betting in North Carolina following confirmation of legalisation last week.  Governor Roy Cooper put pen to paper on HB347 to officially legalise online sports betting, which could launch on 8 January, 2024.  The NASDAQ Stockholm-listed affiliate firm will deploy its national sports betting brands Lineups …

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Catena maintains long-term vision amid slow 2023 start

SBC News Catena maintains long-term vision amid slow 2023 start

Catena Media Plc maintains confidence in its corporate reorganisation and long term growth targets, despite a difficult start to year trading, dragged by underperforming US results.  Publishing its Q1 2023 trading update, total group revenue from continuing operations stood at €35m, down 5% on corresponding 2022 results of €37m. Period trading saw Catena’s North American unit impacted by a 2% …

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Better Collective lauds new business profile as Q1 cash results jump x3

SBC News Better Collective lauds new business profile as Q1 cash results jump x3

Better Collective AS has opened FY2023 trading with a further consecutive recording-breaking quarter, underlining the success of its strategic business shift and M&A strategy.  The results of Q1 2023 have been deemed as a “high-water mark in its financial performance” as group revenues total €88m, up 30% on corresponding 2021 results of €67m. “We’ve achieved another record-breaking quarter. The performance …

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Erik Edeen named Catena interim CFO amid asset sale speculation

Catena Media

Catena Media has confirmed Erik Edeen as interim Chief Financial Officer (CFO), replacing the outgoing Peter Messner and marking his second tenure in the role. Edeen first served as Catena CFO between 2019 and 2020, and has acquired 16 years experience of financial management with both private and public corporations such as ICA Gruppen AB and Investor AB. A graduate …

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Catena rebounds in Q4 as strategic review calls for Asian outlook

SBC News Catena rebounds in Q4 as strategic review calls for Asian outlook

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 …

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Catena warns of costly Q4 Euro asset writedowns

Catena Media

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 …

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