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Catena Media Buys 3 US affiliate marketing Sites
CATENA MEDIA IN ANOTHER MULTI-MILLION DOLLAR SERIES OF ACQUISITIONS
This time it's US-based affiliate marketing sites that are targeted.
Stockholm listed online gambling marketing group Catena Media, which coughed up GBP 10 million earlier this month to acquire UK affiliate marketer Casino UK has announced the acquisition of three unidentified US affiliate marketing operations from their founders in a deal worth $15 million.
The report to the stock exchange reveals that Catena agreed to an upfront cash and shares deal, with 25 percent of the consideration settled through a distribution of 440,669 new shares in its business.
The three-year earn-out provisions in the agreement include a cap of $45 million based on defined revenue deliveries.
Without identifying the assets it has agreed to acquire, Catena claimed that these had recently delivered around Euro 1 million every quarter and enjoyed a 75 percent operating margin in the US-legal online casino and poker markets of Nevada and New Jersey. Their contribution will raise Catena's overall revenues from regulated markets to 50 percent.
Whilst not naming individuals, the Catena statement did reveal that two of the sites are playnj.com and USPoker.com.
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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