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Catena Media has just sold its flagship gambling review site AskGamblers.com for a whopping €45m, it was revealed Thursday.
The buyer is one Gaming Innovation Group (GiG). They are slated to pay €20m in cash on closing, €10m 12 months after closing and the €15m balance 24 months after closing.
The JohnSlots and NewCasinos brands are also part of the sale.
GiG CEO Richard Brown: “Combining the assets with GiG’s media technology and operational capabilities, provides us with a great opportunity to expand our global reach and to deliver a path for the brand to continue with its strong evolution.”
Shares in GiG were up nearly 6% as of Thursday, while Catena Media’s share price fell by 1.7%.
Indiana Sees Nearly Half-Billion-Dollar Sports Betting Handle in November
Sports betting continues to be hot in the Hoosier State.
The Indiana Gaming Commission released data showing the state’s casinos and their online sports betting handled $452.3 million during the month of November. That number was off by just 10% of the $500 million set in January.
$40 million in revenue came in, $3.8 million of which was paid to the state.
Not surprisingly, football accounted for 30 percent of all bets.
Indiana has an amazing edge over most other states in that Hoosiers live and breathe basketball. The state is home to a number of top college teams along with the NBA's Pacers.
- Gilbert Horowitz, Gambling911.com
