AskGamblers Sold For $17 Million

Discussion in 'General Casino Affiliate Area' started by i-man, Jun 3, 2016.

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    i-man

    i-man Affiliate Guard Dog Member

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    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
     
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    Engineer

    Engineer Super Moderator

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

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

    LandofOz Affiliate Guard Dog Member

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    gamingaffiliatesguide

    gamingaffiliatesguide Affiliate Guard Dog Member

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    They probably care more about compliance being publicly traded.
     
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    i-man

    i-man Affiliate Guard Dog Member

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

    slotplayer Affiliate Guard Dog Member

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    very cool!
     
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    dfiocch

    dfiocch Affiliate Guard Dog Member

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    "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.
     
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    dfiocch

    dfiocch Affiliate Guard Dog Member

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    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...).
     
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    Kadabra

    Kadabra Affiliate Guard Dog Member

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    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.
     
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    AussieDave

    AussieDave 17 years & still going!

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    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...
     
    dfiocch likes this.
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    Vivi Fox

    Vivi Fox Banned

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    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
     
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    Kadabra

    Kadabra Affiliate Guard Dog Member

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    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.
     
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    Kadabra

    Kadabra Affiliate Guard Dog Member

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    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.
     
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    AlexTu

    AlexTu Affiliate Guard Dog Member

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

    adamlane New Member

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    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.
     
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    RyanWeb

    RyanWeb Affiliate Guard Dog Member

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    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..
     
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    AidanLCFC

    AidanLCFC Affiliate Guard Dog Member

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    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
     
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    AussieDave

    AussieDave 17 years & still going!

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    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.
     
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    AlexTu

    AlexTu Affiliate Guard Dog Member

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    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.
     
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    Kadabra

    Kadabra Affiliate Guard Dog Member

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