Superaffiliate Catena Media said it will expand its strategic review to cover its entire European online gaming and casino business and begin a consultative process for job cuts in the UK and Malta.
In May, Catena began reviewing certain segments, including its flagship brand AskGamblers and its financial trading segment.
But now the review has announced that it covers all of the remaining European gambling assets.
These companies said they have “faced challenges in recent years” mainly related to regulation in markets such as the UK, the Netherlands, Germany and Sweden, the latter three of which have recently started regulating online casinos nationwide. implemented a plan to
“The expanded strategic review aims to identify efficiencies in Catena Media’s European operations and increase the group’s focus on higher margin opportunities within the region,” said Catena. increase. “The intention is to free up resources to take advantage of our rapidly growing North American business and growth opportunities in the Asia Pacific and Latin American regions, thereby creating maximum future value for the company and its shareholders. .”
As part of the review, the company is already in a consultation process related to job cuts in the UK and Malta.
The business aims to save €5 million annually from the revised measures and will provide an update on the results in September.
