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Catena Media raised Euro 50 million

AFFILIATE PUBLISHER RAISES EURO 50 MILLION IN BOND ISSUE
 
Catena to use the new capital for more acquisitions.
 
Affiliate marketing publisher Catena Media remains firmly on the acquisition trail and revealed this week that it has raised Euro 50 million through a bond issue, the proceeds of which will be invested in more acquisitions.
 
With a floating 6.75 percent interest rate and three year duration, the bond clearly appealed to investors impressed by the companys recent expansion via the acquisitions of AskGamblers (Euro 15 million), Spelbloggare.se (IEuro 5 million) and an as yet unnamed German affiliate entity (Euro 6.5 million).
 
Since late last year Catena has also acquired Right Casino ($9 million), along with an unidentified Belgian-Italian affiliate company, the Swedish affiliate marketers Wonk Media, along with Slottymania, Staymedia and Arctic Marketing.
 
Affiliate marketing acquisitions appear to be the trend at present; Swedish online gambling corporate Gaming Innovation Group recently picked up Magenti Media, and Cherry Gaming bought Interclick
 
Earlier this month payment solutions provider Paysafe announced the Cdn$40 million acquisition of affiliate management firm Income Access.
 
Four-year-old Catenas expansion has been remarkable and well supported by venture capital investors. The firm was founded in 2012 by Erik Bergman and Emil Thidell.
 
Management has made no secret of its strategy to achieve 75 percent growth per annum over the next two years, and the latest quarterly performance stats showcase revenues of Euro 9.6 million, a year-on-year increase of more than 200 percent, adjusted operating profit of Euro 5 million in Q2-2016 and pre-tax profit of Euro 4.9 million.



Gambling News :

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

Historic weekend at Americas CardRoom - ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.

WPN Affiliates Headed to Berlin Affiliate Conference - With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.

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