Affiliate Announcements
Catena Media reports record performance for 2017
Catena Media’s revenues increased 63 per cent year-on-year during the fourth quarter.
Swedish affiliate network Catena Media revealed record-breaking numbers for 2017 as revenues increased over 60 per cent year-on-year.
Catena Media has announced a new share and bond issue after reporting record-breaking figures for 2017. The affiliate network said revenues for the final quarter of 2017 totalled €20.1 million, an increase of 63 per cent year-on-year and an increase of 16 per cent compared with the previous quarter.
EBITDA was up 68 per cent to €10.3 million during 2017’s final period, with operating profit increasing by 54 per cent to €8.8 million. Furthermore, revenues for the full year totalled €67.6 million, an increase of 69 per cent year-on-year, while EBITDA increased 65 per cent to €32.6 million.
During the final three months of the year, Catena announced further expansion into new markets and the development of existing products as well as the acquisition of Pokerscout and the assets of Beyondbits Media. It also appointed Henrik Persson Ekdahl as Acting CEO after Robert Andersson’s departure.
The company said: “Record in new depositing customers (NDCs) which totalled 113,258 (67,023), an increase of 69 per cent year-on-year and an increase of 12 per cent compared to the previous quarter.”
Meanwhile, Catena has directed a new issue of 385,924 shares at a subscription price of €10.36 per share, as payment of part of the purchase price for acquired assets in Dreamworx Online, which was announced last month. It also intends to offer holders of Catena Media’s outstanding bonds 2016/2019 to exchange existing bonds into new bonds. Holders of existing bonds will be offered to use existing bonds as payment in kind for subscriptions of bonds.
Affiliate Announcements
Statutory levy affiliate reaction
“I personally think the industry should view this as a positive chance to work hand-in-hand with the NHS, charities and government as all stakeholders pull together to minimise gambling harm. Gambling is meant to be fun and entertaining and the industry must ensure that it is responsible, so that those in need can gain access to properly funded support as and when they need it.”
Affiliate Announcements
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Affiliate Announcements
Game Lounge Acquires Two Kings Consultants B.V., Owner of Leading Dutch iGaming Affiliate Meneer Casino
Game Lounge, a leading iGaming affiliate company, announced the acquisition of Two Kings Consultants B.V., the owner and operator of Meneer Casino, a prominent Dutch iGaming affiliate website.
This strategic acquisition expands Game Lounge’s presence in the rapidly growing Dutch iGaming market and strengthens its position as a leading player in the global affiliate landscape.
Meneer Casino has established itself as a trusted source of information for Dutch players seeking reputable and entertaining online casino experiences. The website provides honest and in-depth reviews, guides, and comparisons of licensed online casinos, ensuring players can make informed decisions in a safe and regulated environment.
“We are thrilled to welcome Martin and his team to Game Lounge,” said Richard Dennys, CEO of Game Lounge. “This acquisition aligns perfectly with our growth strategy and commitment to providing high-quality iGaming experiences to players worldwide. Meneer Casino’s strong reputation and deep understanding of the Dutch market make them an invaluable addition to our network.”
Martin van Geest, Founder and Chief Editor of Meneer Casino, expressed his enthusiasm for the partnership, stating, “Joining forces with Game Lounge marks an exciting new chapter for Meneer Casino. At Meneer Casino, our mission is to provide players with honest, reliable information so they can make better choices and play smarter. We’re confident that Game Lounge’s expertise and resources will help us reach an even wider audience of Dutch players.”
Ben Robinson, Managing Partner of Corfai Capital, who brokered the deal, commented, “This transaction brings together two highly complementary businesses with a shared vision for innovation and excellence in the iGaming affiliate sector. We believe this strategic partnership will create significant value for both companies and further solidify their positions as leaders in their respective markets.”
This acquisition reinforces Game Lounge’s commitment to its “Level Up Leap Forward” tagline, signifying the company’s dedication to continuous improvement and expansion in the iGaming industry.