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

Catena Media has announced an expansion of its strategic review, which will now wrap up its intact European business.

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

However, Catena has now enlarged the range of its go over to capsulize the company’s total European online sports betting and casino association business organisation as it looks to economize at to the lowest degree €5m ($5.1m) per year.

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

General marketplace developments feature also affected the company’s outlook inward Europe, particularly inwards wish to cassino operations.

As a result, Catena is looking to “identify efficiencies” and “free upwards resources” inward an travail to occupy advantage of opportunities elsewhere, viz. inwards North America, Latin America and the Asia-Pacific region.

“The expanded strategic limited review seeks to distinguish efficiencies inwards Catena Media’s European trading operations and to increment the group’s focal point on higher margin opportunities within the region,” Catena Media stated.

“The intention is to disengage upwards resources to capitalise on growing opportunities in the fast-growing Second Earl of Guilford American business sector and inwards the Asia-Pacific and Latin American regions, so creating maximum time value for the keep company and its shareholders sledding forward.”

Catena testament also get in into a formal audience unconscious process for “potentially unnatural UK- and Malta-based roles.” The companion aims to provide an update on the outcome before the oddment of September.