Catena Media expands review to cover all European assets

Catena Media has announced an expansion of its strategic review, which will now cover its entire European business.

The review, which was launched in May, was intended to explore the sale of certain assets, including those in Catena’s financial trading segment and the AskGamblers brand.

However, Catena has now enlarged the scope of its review to encapsulate the company’s entire European online sports betting and casino affiliation business as it looks to save at least €5m ($5.1m) per year.

Catena said its European business has “faced challenges in recent years,” challenges related to regulatory changes in the UK, Sweden, Germany and the Netherlands.

General market developments have also affected the company’s outlook in Europe, particularly in regard to casino operations.

Source: https://www.gamblinginsider.com/news/17596/catena-media-expands-review-to-cover-all-european-assets