{"id":45,"date":"2024-06-12T08:59:02","date_gmt":"2024-06-12T05:59:02","guid":{"rendered":"https:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/12\/catena-media-explores-sale-of-assets-amidst-strategic-review-and-record-revenue\/"},"modified":"2024-06-13T12:14:13","modified_gmt":"2024-06-13T09:14:13","slug":"catena-media-explores-sale-of-assets-amidst-strategic-review-and-record-revenue","status":"publish","type":"post","link":"https:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/12\/catena-media-explores-sale-of-assets-amidst-strategic-review-and-record-revenue\/","title":{"rendered":"Catena Media Explores Sale of Assets Amidst Strategic Review and Record Revenue"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/5QyNPn0gjZY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Catena Media has retained Carnegie Investment Bank to serve as their financial consultant. Carnegie will be assisting Catena in evaluating bids for some or all of the business, as external parties have expressed interest.<\/p>\n<p>This initiative commenced in May 2022 when Catena Media declared a strategic assessment of its operations. A component of this evaluation involved concentrating on the North American market, which has witnessed swift expansion in the internet gaming industry. By August, they had reinforced this approach and initiated the process of seeking purchasers for a portion of their holdings.<\/p>\n<p>Although Catena has not disclosed any specific entities, they have publicly affirmed that they are considering proposals for both individual assets and the entire enterprise. Nevertheless, they also emphasized that no official offers have been presented.<\/p>\n<p>Intriguingly, these developments followed Catena&#8217;s announcement of unprecedented revenue figures &#8211; \u20ac45.2 million (equivalent to $47 million USD) in the initial quarter of 2022. <\/p>\n<p>Catena Media experienced an 11% revenue surge in the year&#8217;s initial quarter, amassing \u20ac5 million. <\/p>\n<p>Their recent sale of casino affiliate platforms Askgamblers.com, Johnslots.com, Newcasinos.com, and a handful of smaller sites to Gaming Innovation Group (GiG) for \u20ac45 million garnered significant attention last month.<\/p>\n<p>August saw Catena Media broaden its strategic evaluation to encompass all European business activities. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Catena Media has retained Carnegie Investment Bank to serve as their financial consultant. Carnegie will&#8230;<\/p>\n","protected":false},"author":85,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Catena Media Explores Sale Amidst North American iGaming Boom<\/title>\n<meta name=\"description\" content=\"Interested parties are eyeing Catena Media! The company is working with Carnegie Investment Bank to field bids for part or all of the business. This comes as Catena focuses on the booming North American online gaming market. 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