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iGaming

Catena Media acquires casino affiliate Newcasinos.com

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Catena Media continues to strengthen its position as Europe’s fastest growing company in lead generation, through the acquisition of Newcasinos.com and related affiliate assets.

 

Newcasinos.com is one of the fastest growing casino affiliate, specialising in rating and reviewing new online casinos. It was launched in 2015 with the aim to update casino players with the latest trends and news. New Casinos’ markets are mainly UK as well as Sweden and Norway and through its niche focus the acquisition will provide Catena Media with an opportunity for product segmentation. The acquired assets are expected to generate quarterly sales of about EUR 550.000 with an operating margin of around 80 percent. The underlying UK market is currently growing quickly, further strengthening Catena Media’s position in regulated markets.

The transfer of the assets and payment is scheduled to take place no later than the 15thof July 2017. The purchase price amounts to an upfront payment of EUR 7.650.000, which is being paid as a cash consideration in conjunction with the transfer of the assets. In addition, there is an earn-out of maximum EUR 4.250.000, which is based on revenue performance over a period of 12 months. In a reasonably expected scenario with a total earn-out purchase price of EUR 3.25 million, the seller needs to generate revenue growth between 25 and 50 percent during the period.

Catena Media has been in the forefront of the consolidation in the affiliate market and wants to keep a leading role. The company is predominantly focusing on larger assets since we are well positioned to capitalize on our size and growth. With this acquisition we are acquiring another successful online casino affiliate to complement and strengthen our portfolio. The sellers have demonstrated a solid growth and an interesting content offering. This is fully in line with our strategy of partly growing through acquisitions and continuing our solid growth story”, says Robert Andersson, CEO of Catena Media.

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About Catena Media

Catena Media is a fast-growing online performance marketing and lead generation company within iGaming with portals like AskGamblers and RightCasino. The Group has established a leading market position through strong organic growth and acquisitions in its core markets. Catena Media was listed on Nasdaq Stockholm First North Premier in February 2016. By the end of 2016, the company’s revenues reached more than EUR 40 million on a yearly basis. The Group was founded in 2012 and has today about 230 employees. The Group Head Office is situated in Malta. The company’s certified adviser is Avanza.

The post Catena Media acquires casino affiliate Newcasinos.com appeared first on The Gambling Affiliate Voice.


Source: GamblingAffiliateVoice

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Gaming Awards

Groove Wins SBC Award for Women’s Empowerment Initiative of the Year 2024

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Groove, a leading iGaming platform and aggregator, proudly claimed the Women’s Empowerment Initiative of the Year at the SBC Awards Latinoamérica 2024, celebrating a strong commitment to championing female talent and leadership.

At SBC Awards Latinoamérica, Groove’s win shines as a testament to how empowerment and inclusion propel the iGaming industry forward.

The award was accepted by Carolina Diniz Flauzino, Groove’s Latin America Business Development Manager, acknowledging Groove’s impactful diversity-driven culture.

Over the years, Groove has spotlighted the exceptional women in roles spanning account management, legal, finance, project leadership, tech, and creative design. From Liz Cohen’s pivotal oversight in account management to Salome Janashvili’s transformative graphic contributions and Sapir Hen’s rise in technical management, Groove’s success story is one written in part by the remarkable women across its global team.

Groove’s progressive tech ecosystem with over 15,000 games from 100+ top providers continues driving innovation with new technology soon to be released including an AI-Assistant, gamification tools, and the immersive Smart Lobby. Each feature is crafted to enhance engagement, supporting Groove’s dedication to transforming iGaming while celebrating its talented team.

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As Groove innovates with new AI-driven tools and a suite of gamification features, the company reinforces its core belief: a diverse team, empowered and celebrated, drives real success in a competitive market.

Yahale Meltzer, COO and Co-founder, remarked, “This award showcases the impact of our talented team. From its inception in 2016, Groove has championed women’s leadership, featuring dynamic professionals across roles critical to the company’s growth. We’re proud to bring this recognition home, a tribute to the exceptional women who are instrumental in shaping Groove’s future.”

 

 

 

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Brazil

Meridianbet (GMGI) Shortlisted for Exclusive Sports Betting and iGaming License in Brazil

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Meridianbet, part of the Golden Matrix Group Inc. (NASDAQ: GMGI), announced that it has been shortlisted for an exclusive sports betting and iGaming license in Brazil.

The application, filed under request number 56.195.600/0001-07, positions Meridianbet among a select group of global operators who will be part of one of the most anticipated market launches in the global sports betting and iGaming industry.

The window for prioritized license applications in Brazil closed on August 20, 2024, with a total of 113 operators submitting their applications ahead of the deadline.

By securing its place in this priority group, Meridianbet has ensured that its license will be processed by January 1, 2025, which is the forecasted launch date for Brazil’s legal sports betting and iGaming market.

Meridianbet’s inclusion on this exclusive list underscores its status as one of the key players in the global gaming industry. With Brazil poised to become one of the world’s largest gaming markets, this license represents a significant opportunity for Meridianbet and Golden Matrix Group.

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Meridianbet’s application includes both sports betting and iGaming (online casino) under Brazil’s comprehensive licensing regime, making it one of the few operators positioned to offer a full suite of gaming experiences to Brazilian players. The Brazilian gambling industry is forecasted to generate $34 billion in sports betting turnover by 2028, with an onshore gross win of $2.8 billion, according to a report by the International Betting Integrity Association (IBIA).

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Aposta Ganha

Aposta Ganha files application for sports betting and iGaming license in Brazil

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Aposta Ganha, the fastest-growing Brazilian sports betting and casino site, has completed its license application through the Betting Management System (Sigap) to operate within Brazil’s regulated market.

Gustavo Henrique, Grupo Aposta Ganha’s Legal Head, said: “These are strict security criteria, transparent and demanding responsibility, ensuring greater consumer protection and significantly contributing to the integrity of the market. This new phase fosters fair competition, and we are ready to follow all the procedures to obtain the license.”

Having been operating in the country for the past six years, from 1st January 2025, the company will embrace the opportunity to play a major role in Brazil’s new chapter under the rules of the Secretariat of Prizes and Betting (SPA) of the Ministry of Finance. With operations in both Brazil and Mexico, the company has always complied with legal requirements, demonstrating to authorities, customers, and society its interest and capability to operate in a regulated market.

As a passionate advocate of Responsible Gaming, only players over the age of 18 years old can enjoy Aposta Ganha’s online platform. These strict legal requirements have always been a foundational feature of Aposta Ganha’s operations, even before the strict measures laid out in the ordinances of the Secretariat of Prizes and Betting (SPA) of the Ministry of Finance.

Aposta Ganha is now eligible to commence its regulated operations from January 1, 2025, depending only on the SPA analysis to obtain the official license from the Brazilian government.

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Grupo Aposta Ganha CEO, Elvis Lourenço:, added “We have built a trusted reputation in the gaming and entertainment market, in addition to respecting the current Brazilian legislation and integrity in betting. Today, we reinforce our commitment to customers and society to continue promoting entertainment that is ethical, safe, and socially responsible.”

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