AskGamblers Sold For $17 Million

[i-man]

Did you all know that AskGamblers.com has been aquired by Catena Media for $17.1 million?

This afilliate industry is worth some hefty sums

 

[Engineer]

Yeah, I saw that a while ago. Congrats, Igor.

Does anyone know why the new owners immediately stopped allowing new U.S. players?

 

[LandofOz]

http://www.catenamedia.com/news/cat...affiliate-askgamblers-com-for-eur-15-million/
That's a very inspirational story. It makes me want to work 10 times harder

 

[gamingaffiliatesguide]

They probably care more about compliance being publicly traded.

 

[i-man]

That's a very inspirational story. It makes me want to work 10 times harder

It comes back to the question of whether one big site or many smalls ones for when you want to exit the industry.

 

[slotplayer]

very cool!

 

[dfiocch]

"Quite old story" but always worths to remember it and read again. Just because Igor is a smart, serious guy.
Congrats. You have all my deepest respect and admiration, again.

 

[dfiocch]

Does anyone know why the new owners immediately stopped allowing new U.S. players?

Catena Media is a Malta based company.
I think they want avoid legal issues in accepting US players on their sites. Malta also is "the base" for a lot of gaming licenses (and licensors...).

 

[Kadabra]

Acquired for 6 years profits. In almost any industry that's quite solid. Wonder if in the online world it will be profitable. Although I assume they will make additional profits by using the data on their other sites.

 

[AussieDave]

Catena Media is a Malta based company. <snip> Malta also is "the base" for a lot of gaming licenses (and licensors...).

And, just about everyone believed Allots, FLG et al were ALL owned by seperate entities.
My point is... who's the actual owner(s) of Catena Media, not the puppets but the BIG Kahunas (the puppeters)?

• US$7mil or there abouts for RightCasino
• US$17.1mil for AskGamblers
• I'm sure there was someone else?

Catena Media have deep, very deep pockets. I know a few people who've been contacted. Sorry can't/won't disclose whom. They're also punching a lot of moola in media buys and contacting affiliates for these.

Be interesting to see where all this leads or funnels to...

 

[Vivi Fox]

WOW!!!

This is just shocking.

So much money paid to buy a website?

It means that they must be making a lot of money from that website, right?

Regards.

ViVi

 

[Kadabra]

• US$7mil or there abouts for RightCasino
• US$17.1mil for AskGamblers
• I'm sure there was someone else?

Catena Media have deep, very deep pockets. I know a few people who've been contacted. Sorry can't/won't disclose whom. They're also punching a lot of moola in media buys and contacting affiliates for these.

Be interesting to see where all this leads or funnels to...

I agree. In such a volatile world as online, the only way those acquisitions will pay off, (specifically Rightcasino purchase), is if there is an operator behind. Just shows what a superb acquisition Wizzardofodds was for LCB.

 

[Kadabra]

P.S. Just read the numbers behind Rightcasino aquisition: they had 892K euro revenues (9 months) and 55% gross operating margin. That's worth somewhere in the area of 650k euro gross profit per year, meaning that Catana paid 10x early gross profit, which is crazy.

Btw, catena stock rose by 6% on the Askgamblers news.

 

[AlexTu]

well, askgamblers is a really cool source, so why not=))) I got used to visit it for checking some casinos info

 

[adamlane]

wow, that's impressive! the askgamblers guys did a good job. the website covers the variety of casino topics and askgamblers seats one of the top places in the search results. so it's worth its price.

 

[RyanWeb]

P.S. Just read the numbers behind Rightcasino aquisition: they had 892K euro revenues (9 months) and 55% gross operating margin. That's worth somewhere in the area of 650k euro gross profit per year, meaning that Catana paid 10x early gross profit, which is crazy.

Btw, catena stock rose by 6% on the Askgamblers news.

That is crazy.. I know Askgamblers is a great site, I've often referred to it when needing to lookup quick information on a casino.. But that seems like in insane amount of money..

 

[AidanLCFC]

fair plays to the people involved in Rightcasino, didnt know it was sold until reading this, guessing it was doing well with PPC as well but im no casino expert. Dave always came across as a good bloke so good luck to them

 

[AussieDave]

Dave always came across as a good bloke

Hard to believe an affiliate portal of only 18 months or so old, could fetch such an insane price.
The affiliate program he worked for, the casino went ass up - apprently someone was pilfering the casino player information.

 

[AlexTu]

Hard to believe an affiliate portal of only 18 months or so old, could fetch such an insane price.
The affiliate program he worked for, the casino went ass up - apprently someone was pilfering the casino player information.

18 month? seriously? askgamblers is a pretty old site and I cant say that it is just a simple affiliate portal....I would say...gambling community.

 

[Kadabra]

I think Aussie meant the other site they acquired, Rightcasino.