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Catena Media Updates COVID-19 Impact

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4-7-1 Catena Media Updates COVID-19 Impact
4-7-2 Catena Media Updates COVID-19 ImpactReading Time: 2 minutes

 

Catena Media has provided an update on the impact of COVID-19 on its business. The company has implemented several measures to mitigate any financial or operational impact and to ensure the well-being, safety and security of its employees and partners.

A majority of the company’s revenues, 59% in January and February 2020, were generated from the Casino segment. The segment has continued to perform well in March, with traffic being higher than average traffic in January and February 2020. Catena Media expects a continued positive development within the Casino segment during the second quarter.

A total of 35% of the revenues in January and February 2020 are generated from the Sports segment. Due to the halt of several sports leagues, and postponement of major events across the globe, Catena Media is working closely with key operators to promote Sports events that are still running. To mitigate the shortfall in Sports revenue, the focus is to increase the Casino business by converting traffic from a number of sports-related sites into Casino revenue and holding back on low-margin media spend.

In January and February, 5% of the revenues were generated from the Financial Services segment, which currently sees a positive traffic trend.

“The world is facing an unusual and challenging situation due to COVID-19. Catena Media’s largest business segment, Casino, represented 73% of EBITDA during January and February, is performing well and shows a positive development under the current circumstances. Several sport events have been cancelled or postponed, and it is uncertain for how long this will last, but we are holding back on costs and finding alternative revenue streams for the Sport segment. Provided that the sports events start up after the summer break, our target remains unchanged, to reach double-digit profitable growth in 2020,” Per Hellberg, CEO of Catena Media, said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Catena Media Updates COVID-19 Impact

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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CT Gaming Interactive Releases Cherry Crown

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3-2 CT Gaming Interactive Releases Cherry Crown
3-2-1 CT Gaming Interactive Releases Cherry CrownReading Time: < 1 minute

 

CT Gaming Interactive has released its latest online slot “Cherry Crown.” The game features a fruit theme with a bright design and good sound effects.

The game has scatter – Star, that brings a win, regardless on the reels it appears. The Crown symbol allows increasing of wins significantly. When appearing on the reel, it will fill the reels nearby to make the most successful combination.

The prizes and bonuses of the slot are available during the main game. The wins could be increased in card doubles with simple rules. All the correctly guessed values will double or even increase by four times the win received in the main game.

“The inspired light show style graphics with a visual feast of falling fruit pieces, pulls out all the stops in showing just how exciting a fruits style slot game can be. The prizes and bonuses of the slot are available during the main game,” Lachezar Petrov, Head of CT Gaming Interactive, said.

“Cherry Crown offers smooth and uninterrupted gameplay which can be enjoyed by players of all levels“, Lahezar Petrov added.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: CT Gaming Interactive Releases Cherry Crown

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Zimpler Announces Expansion to the EU and the UK

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2-3 Zimpler Announces Expansion to the EU and the UK
2-3-1 Zimpler Announces Expansion to the EU and the UKReading Time: < 1 minute

 

Fintech company Zimpler has announced its expansion into the EU and the UK.

Zimpler is a Swedish Fintech company that manages transactions between end users and businesses. Now, they leave the Nordics and will enable companies to do instant payouts to customers in the EU and UK within the year.

“Payouts is medieval outside of the Nordics. Today you will have to wait for days before you get your money into your bank account, with our solution it will take seconds,” Jonas Persson, VP sales at Zimpler, said.

First to go live with the solution is iGaming company Videoslots.

“We have been working with Zimpler in the Swedish market for many years and we are thrilled with how constructive and solution-oriented they are in all situations. That they now expand their solution to other European markets is fantastic news and it will change the market at its core,” Ali Atam, CMO at Videoslots, said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Zimpler Announces Expansion to the EU and the UK

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Gauselmann Group Opens New Venues in UK

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1-3 Gauselmann Group Opens New Venues in UK
1-3-1 Gauselmann Group Opens New Venues in UKReading Time: < 1 minute

 

German gambling company Gauselmann group has gone one step further by investing in the high street and launching its Merkur Slots brand nationally. The company has opened three brand-new venues in Southall, Hornchurch and Lancaster on July 4.

Gauselmann group plans to open many more Merkur Slots venues across the UK this year. The company will open with three more venues in Saltash, Bolton and Wolverhampton, this month.

“This is a very exciting time for the Merkur Slots brand. So many companies haven’t survived the effects of the pandemic and we are delighted to be able to give customers a brand-new experience in locations where we don’t currently have a presence. It means a lot to us to be part of kick-starting the high street again and supporting the local community with new job opportunities,” Mark Schertle, COO of Gauselmann group, said.

Merkur Slots provides the latest in digital venues. All machines and advertising are fully digitised and customers will be able to enjoy all of their favourite games, as well as the latest in Blueprint games.

All venues will be COVID-secure, with Gauselmann group implementing an “Open, clean, safe” campaign which will focus heavily on ensuring new safety precautions are in-place and everything is communicated effectively with customers, via social channels and the official website.

“We look forward to welcoming customers back to gaming after a small hiatus and we feel we have a unique edge in that we can offer them brand-new, modern venues that have been designed with social distancing in mind. Customers can game with total confidence. Thank you to all our staff who have worked tirelessly to get the venues up and running ahead of opening,” Schertle said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Gauselmann Group Opens New Venues in UK

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