Catena Media Acquire BayBets German Online Gambling Affiliate Firm

Written by:
Guest
Published on:
Dec/04/2017

A Stockholm-based online gambling affiliate business, Catena Media, has purchased Germany –based sports affiliate Baybets Ltd for a cool €26.5 million.

The deal also includes a further €65 million in ‘earn-out payments’ based on the performance of acquired assets over an initial 24-month period with BayBets anticipated to contribute quarterly sales of approximately €2.25 million and an operating margin of approximately 70%.

Henrik Persson Ekdahl, Acting CEO, Catena Media, commented: “We are proud to announce the largest acquisition made by Catena Media since company inception, making us one of the strongest sports betting affiliate players on the market. We have set ambitious financial targets for the company, and the acquisition is fully in line with those targets. We are excited about being able to complete this deal, given the upcoming sports year of 2018, which will have both the Winter Olympics and the World Cup”.

Jan Steffen, CEO, Baybets stated “I would like to thank all the people that have been involved in the company’s journey so far, bringing us to where we are today. We now look forward reaching new heights together with Catena Media on a long-term basis, both from an operational perspective and as shareholders. We are excited about all the upcoming opportunities that await”.

Monday’s announced acquisition follows July’s purchase of affiliate program BettingPro.com with a focus on acquiring leads for regulated UK and Australian iGaming partners.

Catena Media also maintains offices in Malta, the UK and Serbia.

- Aaron Goldstein, Gambling911.com  

Gambling News

Once Near Death, Tropicana Now No. 2 Casino in Atlantic City

Once Near Death, Tropicana Now No. 2 Casino in Atlantic City

Ten years ago, Atlantic City's Tropicana casino was on the verge of death, having been stripped of its casino license after its then-owners laid off vast swaths of the workforce, leading to filthy rooms, insect infestations, hourlong waits for slot machine payouts and food and drink orders that often never arrived.

Steve Wynn Gets No Money in Termination Deal With Casino Company

Steve Wynn Gets No Money in Termination Deal With Casino Company

A termination agreement released Friday between embattled casino mogul Steve Wynn and the company bearing his name leaves him without any severance or compensation and prohibits his involvement in any competing gambling business for two years.

Why You Should Put All Your Emphasis On Wild Symbols To Beat Online Slots

Why You Should Put All Your Emphasis On Wild Symbols To Beat Online Slots

Suppose you are crossing a wide river and the only sure way of going to the other side is by crossing on top of the river using a single pole. When you have made a few steps into almost approaching the river, something happens! You hear the sound of a person, probably a voice of a young person shouting from behind.

PricePerPlayer.com to Expand into the Asian-American Market

PricePerPlayer.com to Expand into the Asian-American Market

PricePerPlayer.com is expanding into the Asian-American market after a successful test pilot in various regions of North America.

Winter Storm Likely Helped With Sharp Decline in Atlantic City 10 Percent Revnue Dip

Winter Storm Likely Helped With Sharp Decline in Atlantic City 10 Percent Revnue Dip

Atlantic City’s casinos were as cold as the weather in January, with gambling revenue down by nearly 10 percent.

Syndicate