Catena Media Adds Germany-Facing iGaming Affiliate Network to Growing Portfolio
On line performance that is gambling-focused business Catena Media today announced yet another acquisition deal that saw it buy all iGaming affiliate assets of Delilah Holdings.
The transaction is expected become completed by the wheres the gold characters finish associated with month. Beneath the terms of the deal, Catena Media is scheduled to pay for a €4.2 Million payment that is upfront the assets’ transfer. Delilah Holdings’ current owners will also be entitled to an earn-out that is maximum of million, predicated on its assets’ income performance over the free poker machines downloads wheres the gold following 12 months.
Delilah Holdings had been founded back 2011. It owns the MrGamez.net and Spielekiste.de affiliate internet sites. Both internet sites target and wheres the gold feature sound promote online gambling options to players that are german-speaking with Germany and Switzerland being their primary markets of interest. The company has seen stable and considerable growth in both jurisdictions in the last years.
Catena Media said in a press release from previous today so it expects quarterly sales of around €300,000 and an running margin of approximately 80% through the two affiliate websites.
Commenting on the deal, Catena Media CEO wheres the gold free play Robert Andersson stated that it will secure his company with greater visibility in German-speaking iGaming areas and that it’s part of their strategy to strengthen their portfolio wheres the gold slot game across Europe.
Within the last 2 yrs, the prospecting company has extended its footprint in several jurisdictions, including the US, through numerous acquisitions of iGaming affiliate internet sites and companies.
Releasing its monetary report for the quarter finished March 31, 2017, Catena Media announced that it had 80,421 brand new depositing customers for the reported duration, up 149percent through the prior-year quarter and 20% through the wheres the gold free pokie quarter that is prior. The company reported income of €15.23 million for the reviewed 3 months, showing free online casino slots wheres the gold an increase of 104% from €7.5 million for similar amount of the year that is previous. Working profit totaled €6.6 million, up 44% year-on-year. EBITDA amounted to €7.2 million, with EBITDA margin standing at 47%.
Catena Media said it was specially content with its first-quarter results and hailed AskGamblers as an example that is excellent of doing favorably since their acquisition. The to generate leads made gambling headlines bet365 wheres the gold last free wheres the gold slot machine spring with the purchase associated with Serbian affiliate internet site for the quantity of €15 million free pokie games wheres the gold. The offer became the largest one in the company’s history and has maybe not been matched ever since.
An crucial highlight in Catena Media’s development and expansion strategy had been the purchase of UK-facing affiliate website CasinoUK. The company announced a €10.6 million for the internet site in question. The deal was viewed as another important relocate relation to Catena Media’s intends to extend and solidify its UK footprint.
The to generate leads company has converted into aristocrat wheres the gold download one of many major drivers of this consolidation trend within the affiliate space that is iGaming.