{"id":196,"date":"2024-06-18T01:48:48","date_gmt":"2024-06-17T22:48:48","guid":{"rendered":"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/18\/catena-media-divests-squawka-and-gg-co-uk-to-focus-on-north-american-market\/"},"modified":"2024-06-20T17:14:59","modified_gmt":"2024-06-20T14:14:59","slug":"catena-media-divests-squawka-and-gg-co-uk-to-focus-on-north-american-market","status":"publish","type":"post","link":"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/18\/catena-media-divests-squawka-and-gg-co-uk-to-focus-on-north-american-market\/","title":{"rendered":"Catena Media Divests Squawka and GG.co.uk to Focus on North American Market"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/OoB7VbTAIDg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Catena Media is divesting its UK and Australian sports wagering platforms, Squawka and GG.co.uk, to the UK-based firm Moneta Communications for a sum of \u20ac6 million. This action aligns with Catena&#8217;s strategic objective to fully commit to the flourishing North American market. The transaction is anticipated to reach completion within the third quarter of 2023.<\/p>\n<p>Although Catena will receive \u20ac6 million from the sale, a significant portion of the proceeds will be allocated towards debt reduction. Essentially, the company is minimizing its financial setbacks following a substantial write-down of these brands&#8217; value.<\/p>\n<p>Michael Daly, CEO of Catena, perceives this as a constructive stride towards the company&#8217;s future prospects, stating, &#8220;This accord marks another pivotal stage in our path to prioritize the US market for online sports betting and casino gaming.&#8221; <\/p>\n<p>We were truly delighted to secure an ideal environment for our UK and Australian sports and wagering entities. They will possess the necessary space and backing to genuinely prosper.&#8221;<\/p>\n<p>Christopher Russel, Chief Executive Officer of Moneta Communications, further remarked, &#8220;Integrating with the OneTwenty Group empowers us to advance our strategy of incorporating additional digital media enterprises, particularly those possessing a devoted following, robust earnings, and an emphasis on prominent sports within crucial regions. We eagerly anticipate witnessing these resources and personnel achieve even greater success.&#8221;<\/p>\n<p>This announcement follows closely on Daly&#8217;s latest participation at the GI Huddle, where he elaborated on Catena and its fiscal objectives. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Catena Media is divesting its UK and Australian sports wagering platforms, Squawka and GG.co.uk, to the UK-based firm Moneta Communications for a sum of \u20ac6 million. This action aligns with Catena&#8217;s strategic objective to fully commit to the flourishing North American market. The transaction is anticipated to reach completion within the third quarter of 2023. [&hellip;]<\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Catena Media Sells Squawka &amp; GG.co.uk in Strategic Shift<\/title>\n<meta name=\"description\" content=\"Catena Media offloads UK and Australian sports betting brands Squawka and GG.co.uk to Moneta Communications for \u20ac6 million, signaling a strategic focus on the booming North American market. 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What does this mean for Catena\" \/>\n<meta property=\"og:url\" content=\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/18\/catena-media-divests-squawka-and-gg-co-uk-to-focus-on-north-american-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Indulge in the Most Exciting Casino Games Online | Licensed\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-17T22:48:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:14:59+00:00\" \/>\n<meta name=\"author\" content=\"Lincoln &quot;Lynx&quot; Lang\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lincoln &quot;Lynx&quot; Lang\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/18\/catena-media-divests-squawka-and-gg-co-uk-to-focus-on-north-american-market\/\",\"url\":\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/18\/catena-media-divests-squawka-and-gg-co-uk-to-focus-on-north-american-market\/\",\"name\":\"Catena Media Sells Squawka & GG.co.uk in Strategic Shift\",\"isPartOf\":{\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-17T22:48:48+00:00\",\"dateModified\":\"2024-06-20T14:14:59+00:00\",\"author\":{\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/#\/schema\/person\/07bb6655d0f17d4cec78be6028301faf\"},\"description\":\"Catena Media offloads UK and Australian sports betting brands Squawka and GG.co.uk to Moneta Communications for \u20ac6 million, signaling a strategic focus on the booming North American market. 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