{"id":144,"date":"2024-06-16T08:30:18","date_gmt":"2024-06-16T05:30:18","guid":{"rendered":"https:\/\/newnodepositcasinos.icu\/2024\/06\/16\/catena-media-divests-uk-and-australian-brands-to-focus-on-north-american-market\/"},"modified":"2024-06-17T13:09:47","modified_gmt":"2024-06-17T10:09:47","slug":"catena-media-divests-uk-and-australian-brands-to-focus-on-north-american-market","status":"publish","type":"post","link":"https:\/\/newnodepositcasinos.icu\/2024\/06\/16\/catena-media-divests-uk-and-australian-brands-to-focus-on-north-american-market\/","title":{"rendered":"Catena Media Divests UK and Australian Brands to Focus on North American Market"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/X1S2hNa5SvQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Catena Media is reinforcing its dedication to the North American market by divesting its UK and Australian sports wagering brands for \u20ac6 million (roughly $6.57 million USD). The purchaser, UK-based Moneta Communications, is obtaining a collection that encompasses well-known platforms like Squawka and GG.co.uk. This action permits Catena Media to refine its operations and prioritize the profitable and swiftly expanding North American market.<\/p>\n<p>The transaction is projected to be concluded in the third quarter of 2023. The bulk of the \u20ac6 million will be disbursed upfront, with a smaller sum payable over subsequent months. Catena Media intends to utilize the funds to reduce debt and enhance its financial standing.<\/p>\n<p>Although the sold brands were lucrative, producing nearly \u20ac450 million in income and around \u20ac90 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) in the year leading up to June 30, 2023, this calculated maneuver enables Catena Media to concentrate its assets and proficiency where it perceives the most substantial growth opportunities. As Chief Executive Officer Michael Daly conveyed, this accord signifies another crucial stride in the company&#8217;s path toward becoming a leading force in the North American online sports betting and casino partnership sector. <\/p>\n<p>They expressed immense joy at securing an ideal residence for these British and Commonwealth sporting and gaming entities. The fresh proprietors are dedicated to furnishing the essential tools and backing to enable their genuine prosperity.&#8221;<\/p>\n<p>Christopher Russell, Chief Executive of Moneta Communications, underscored that this transaction empowers Moneta, a component of the OneTwenty Group, to vigorously pursue its acquisition agenda. Their concentration persists on procuring lucrative, enthusiast-focused digital media holdings within pivotal athletic markets. Russell appended that they are eager to cultivate the expansion of these holdings and their adept personnel.<\/p>\n<p>This announcement follows closely on Daly&#8217;s latest engagement at the GI Huddle, where he elaborated on Catena and its fiscal aspirations. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Catena Media is reinforcing its dedication to the North American market by divesting its UK and Australian sports wagering brands for \u20ac6 million (roughly $6.57 million USD). The purchaser, UK-based&hellip;<\/p>\n","protected":false},"author":45,"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 Sells UK, Australian Brands to Focus on North America<\/title>\n<meta name=\"description\" content=\"Catena Media doubles down on North America, selling its UK and Australian sports betting brands, including Squawka and GG.co.uk, for \u20ac6 million. 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This strategic move allows for concentrated growth in the booming North American market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newnodepositcasinos.icu\/2024\/06\/16\/catena-media-divests-uk-and-australian-brands-to-focus-on-north-american-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Unlock the Doors to Casino Excitement | Licensed &amp; Secure\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-16T05:30:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:09:47+00:00\" \/>\n<meta name=\"author\" content=\"Nora &quot;Nova&quot; Cook\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nora &quot;Nova&quot; Cook\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/newnodepositcasinos.icu\/2024\/06\/16\/catena-media-divests-uk-and-australian-brands-to-focus-on-north-american-market\/\",\"url\":\"https:\/\/newnodepositcasinos.icu\/2024\/06\/16\/catena-media-divests-uk-and-australian-brands-to-focus-on-north-american-market\/\",\"name\":\"Catena Media Sells UK, Australian Brands to Focus on North America\",\"isPartOf\":{\"@id\":\"https:\/\/newnodepositcasinos.icu\/#website\"},\"datePublished\":\"2024-06-16T05:30:18+00:00\",\"dateModified\":\"2024-06-17T10:09:47+00:00\",\"author\":{\"@id\":\"https:\/\/newnodepositcasinos.icu\/#\/schema\/person\/7fd0e81bf153a89e8d588fce7214acc2\"},\"description\":\"Catena Media doubles down on North America, selling its UK and Australian sports betting brands, including Squawka and GG.co.uk, for \u20ac6 million. 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