The board of Catena Media Plc has this afternoon announced that Michael Daly has chosen to step down as Chief Executive Officer with immediate effect. Investors of the Nasdaq Stockholm affiliate and media publisher were informed that Pierre Cadena, VP Corporate Strategy, will assume the role of interim CEO, leading the firm’s ongoing reorganisation to focus on North American growth. …
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Catena says ciao to Italy following €19m media divestment
Catena Media has shed further insight into the full sale of its sports betting and casino media assets for Italy. The transaction was announced this morning, separate from its Q3 trading update, in which Catena detailed continued revenue declines as it transitions its North American network from cost-per-acquisition (CPA) contracts to a revenue share model. A deal to sell its …
Read More »GiG to power PlayStar Casino Pennsylvania entry
Gaming Innovation Group (GiG) will now power PlayStar Casino’s expansion into the Pennsylvanian gaming industry after agreeing to supply its iGaming platform technologies. Building on the foundation of their initial partnership, the new long-term partnership will enable PlayStar Casino to make its second US market entry, while GiG will be making its third market debut. Richard Brown, Chief Executive Officer …
Read More »Catena appoints US VP Michael Daly as CEO elect
The board of Catena Media has confirmed the promotion of current North America VP Michael Daly to Chief Executive, with the leadership appointment effective from 1 March. Based in Las Vegas, Daly has spearheaded Catena’s publishing, M&A and growth strategy for the US wagering market since 2018. Prior to joining Catena, Daly oversaw the North American business units of Nasdaq-listed …
Read More »Göran Blomberg assumes Catena Media interim CEO role
Göran Blomberg has been selected as the interim CEO of Catena Media, taking over from Per Hellberg who has stepped down from his role as of today. Blomberg has served as a member of the Catena Media Board of Directors since May 2019, having also held the position of Chairman since May 2020. During his tenure as CEO, Öystein Engebretsen …
Read More »Catena reviews M&A options to continue global momentum
Catena Media has outlined its plans to pursue new M&A opportunities and international expansion as it seeks to grow the global footprint of its affiliate marketing network. Publishing its Q3 trading statement (period ending 30 September), Stockholm-listed Catena noted that its operating revenue amounted to €24.9 million, down 6% from €26.4 million in the same period last year. New Depositing …
Read More »Catena lauds ‘record’ Q2 as casino drives performance
Catena Media has praised its resilience and adaptability in navigating the challenges faced by COVID-19 as the group posted a ‘record’ Q2. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Publishing its interim results for April – June 2020, Catena declared operating revenues of €27.8 million, a 17% increase on Q2 …
Read More »Catena forecasts ‘record results’ ahead of August interims
Catena Media stated that it will deliver ‘record revenue and profits’ for Q2 2020 trading, as a result of significant online casino growth recorded across its global publishing network. Navigating the ‘continued, changing market conditions’ of the global pandemic, Catena has anticipated that revenues will amount to approximately €27.7 million, a 17% increase on Q2 2019’s €23.7 million. Q2 trading …
Read More »Catena Media boosts casino offering to offset sports shortfall
Stockholm-listed industry publisher Catena Media has revealed that it is sourcing ‘alternative revenue streams’ for its sports division, as the COVID-19 pandemic continues to disrupt global sports fixtures. Publishing a trading update for January – February 2020, Catena Media revealed that sports accounted for 35% off its revenues generated during the period, which saw a 5.7% overall increase from €17.1m …
Read More »Catena ends CFO hunt appointing Peter Messner as financial lead
Stockholm-listed industry affiliate marketing network Catena Media Plc has confirmed the appointment of Peter Messner as new Group Chief Financial Officer (CFO). Messner will begin his CFO tenure on 1 April 2020, taking over the duties and responsibilities currently held by Erik Edeen as Catena Media’s interim financial lead. A seasoned CFO for digital enterprises, Messner joins Catena’s executive team …
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