Catena Anticipates Job Cuts in Europe

Catena Media warned this week of job losses as it enacts strategic review of its European business.

The company announced that it is expanding the strategic review it initiated on 20 May to its entire European online sports betting and casino affiliation business.

Catena is one of the three biggest i-Gambling affiliates in the regulated U.S. sports betting sector.

But Europe is apparently a different story.

The European business, consisting of assets acquired prior to mid-2018, has faced challenges in recent years. These relate to regulatory changes in markets including the UK, Sweden, Germany and, most recently, the Netherlands.

Catena has said it wishes to free up resources to capitalize on growth opportunities in North America as well as the Asia-Pacific and Latin American regions.

The company will begin reviewing its European product portfolio and cost base and enter into a formal consultation process for potentially affected UK- and Malta-based roles. The company intends to provide an update on the outcome before the end of September.

- Aaron Goldstein, Gambling911.com