Catena Media has expanded its executive management team with the appointment of Michael Gerrow as group chief financial officer (CFO).Gerrow begins his new role on 15 April and succeeds Erik Edeen, who has been serving as interim group CFO since May 2023 following the departure of Peter Messner.Gerrow has been [...]
Gambling.com Group has completed its previously announced acquisition of XLMedia’s European and Canadian sports betting and gaming affiliate assets.The acquisition includes the Freebets.com site and follows the payment of an initial cash instalment of $20.0 million, with an additional $10.0 million to be paid on the six-month anniversary of closing.A [...]
Gambling.com Group has reported a 42 per cent increase in revenue to $108.7 million for 2023, benefiting from a record fourth quarter performance.Revenue in Q4 rose 52 per cent to a quarterly record $32.5 million, with North American revenue more than doubling to $20.3 million.During the quarter, the company delivered [...]
XLMedia has entered into an agreement to sell its Europe and Canada sports betting and gaming affiliate assets to Gambling.com for up to $42.5 million.XLMedia has been exploring opportunities to create shareholder value through further asset sales, and has now agreed a sale of affiliate brands including Freebets.com, WhichBingo.co.uk, Nettikasinot.com [...]
Philippines Senator Robinhood Padilla has introduced legislation to outlaw online publication and promotion of gambling related content.Padilla said the bill is a necessary move to lessen the exposure and impact of gambling on the general public, especially young people.His proposal would prohibit “online publication of materials that instruct or demonstrate [...]
Stockholm-listed online gaming affiliate Catena Media has appointed Kindred Group’s senior vice president of North America, Manuel Stan, as its next CEO.Stan will replace Michael Daly, who stepped down as CEO last week, and will lead Catena Media’s North American and global market operations from Las Vegas, where he is [...]
Betting and gaming affiliate Better Collective has raised DKK1.08 billion (approximately €145.1 million) through a new share offering, which will be used for future M&A opportunities in the sports media space.The company has issued 5,712,284 new shares, equivalent to approximately 10 per cent of its registered share capital, through an [...]
Stockholm-listed online gaming affiliate Catena Media has confirmed the departure of CEO Michael Daly with immediate effect.Daly has agreed to step down as CEO following careful consideration and consultation with the company’s Board, with vice president of corporate strategy Pierre Cadena assuming the role of interim CEO.Daly will remain available [...]
Betting and gaming affiliate Better Collective has exceeded its revenue forecast for 2023 as full year revenue increased by 21 per cent to €326.7 million.The strong performance came despite revenue in the final quarter of the year declining 1 per cent to €85.2 million, as new depositing customers (NDCs) fell [...]
Stockholm-listed iGaming affiliate Raketech has recorded a 48 per cent increase in revenue to €77.7 million for 2023, with results in line with its previously increased guidance.The company enjoyed a strong finish to the year as Q4 revenue rose 45 per cent to €22.8 million, driven by its sub-affiliation business, [...]
Gaming Innovation Group has reported a 37 per cent increase in revenue to €35.6 million for the fourth quarter of 2023, driven by strong growth in the GiG Media division.GiG Media saw revenue climb 49 per cent year-on-year to €26.5 million in the final quarter of the year, as first [...]
Online gaming affiliate Catena Media recorded a 41 per cent fall in revenue to €14.5 million in the final quarter of 2023.The weak fourth quarter performance pushed full year revenue down 22 per cent year-on-year to €76.7 million, driven by a 21 per cent fall in revenue from North America [...]
