Chiming in with some perspective from a smaller UK regulated casino. Is the industry on its last legs? I don't believe so. Is there going to be a period of change and adjustment? Most definitely. I have to agree with most of what has been said in the thread so far. It would not surprise me if we see similar actions to that of SkyBet by other big operators. However, affiliates will continue to play an important role in acquisition strategies for smaller operators such as ourselves. I work with some really great partners who produce quality content. These are the ones who are making money for us and themselves. If you're an affiliate who is able to produce quality content, keeping to (what are really quite simple) regulatory guidelines, there will always be casinos/sportsbooks willing to partner. The Catena's of this world are definitely a threat to be aware of for the smaller affiliate but we'll always be looking for smaller like-minded, trusted partners. Btw Catena are nowhere near as streamlined as you may think for working with.