Catena Media launches cost reduction program

8 August 2023

(PRESS RELEASE) -- Catena Media has initiated a cost reduction program of €3.8-4.2 million to optimize group operations following the sale of the group’s U.K. and Australian brands.

The annual cost reductions announced are in addition to the €2.8 million decrease in the annual cost base directly attributable to the U.K.-Australia divestment, which was announced on 3 August 2023.

The cost reduction program reflects the operational impact of the UK and Australian divestments, implemented as part of the strategic review announced in May 2022. This has further reduced the number of markets in which Catena Media operates and streamlined the brand portfolio, producing a more agile business with a clearer structure focused on North America.

Approximately 90 percent of the cost reductions announced today are expected to be realized by year-end, with the full impact to be achieved during the first half of 2024. It is expected that these will be primarily achieved by streamlining support functions at Catena Media’s European operations.

Related Links
Catena Media

Share & Read other players' reviews! A top player community-driven portal for online casinos.
Casino Web Scripts
Providing certified casino software & casino games with no monthly fees.Custom development available
OCR - Online Casino Reports
Delivers highly targeted casino traffic from over 70 countries! Get your casino listed today at OCR!
House Tech Ads
Drive quality casino-gambling traffic to your brand from over 70 countries from our premium assets!
Fast Offshore
Online Gaming License covers all types: bingo, casino, eSports, lottery, poker, sportsbetting & more
Launch your online betting site w/ the latest technologies on IGPIXEL's advanced iGaming platform
Mondogaming SRL
A leading software provider for sportsbook platforms, projected in the B2B and B2C business
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Your Guide to 3,553 iGaming Industry Suppliers
ADD YOUR COMPANY   |   ABOUT US     linkedin Twitter Facebook