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Askgamblers sold for 15 Million
Tuesday, April 5, 2016 : ONLINE GAMBLING INFORMATION PORTAL SOLD FOR EURO 15 MILLION
Igor Salindrija's AskGamblers acquired by Catena Media.
Catena Media, a Stockholm Nasdaq-listed affiliate marketing company, has announced that it has inked an agreement to acquire online gambling information and affiliate portal AskGamblers.com for Euro 15 million.
The deal is Catena's third major strategic acquisition this year.
Gibraltar-based AskGamblers is a high profile online information site which also assists players with complaints against online casino operators; the site claims that it has mediated claims valued at over Euro 5 million over its operational life.
Catena has expectations that the new acquisition will enable it to provide up to 25,000 new depositing players to European operators in 2016.
Catena CEO Robert Andersson, claimed in a statement that AskGamblers is one of the best brands in the affiliate market and an extremely important site for casino operators.
“The purchase price amounts to Euro 15 million, which will be paid in three tranches: Euro 3 million will be paid on completion of the transaction; Euro 8.25 million will be paid when all assets have been transferred to Catena Media and Euro 3.75 million will be paid six months after the acquisition has been completed,” Andersson revealed.
“The transaction is the largest in Catena Media’s history and in line with our strategy of growth through acquisitions in a fragmented market. In parallel, we are strengthening our team with a number of highly skilled individuals and this transaction provides us with the opportunity to build the office in Serbia into an extremely cost-efficient development centre for Catena Media.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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