Catena Media’s Board of Directors has formally introduced the appointment of Sean Hurley as a Non-Executive Director.
Hurley is ready to fill the emptiness left via way of means of Per Widerström, who left to guide operator 888, powerful upon the of of entirety of all important filings with the Malta Business Registry.
His tenure will enlarge till the following annual fashionable meeting, in compliance with the Maltese Companies Act and Catena Media’s articles of association.
Upon becoming a member of Catena Media, Hurley commented: “Catena Media has entered an interesting new segment in its improvement and has a promising destiny ahead. I am thrilled to had been requested to make a contribution my know-how because the enterprise actions ahead and in addition strengthens its role as an associate in North America.”
Sean Hurley’s appointment arrives amid strategic shifts inside Catena Media, marked via way of means of its latest divestment of €19.8m ($21.6m) in Italian belongings and the fruits of a complete strategic review.
This review, initiated in May 2022, underscored the enterprise‘s pivot in the direction of regulated markets withinside the Americas, ensuing in divestments predicted to yield a complete of approximately €76m in proceeds.
The divestments consist of the sale of Italian on-line sports activities having a bet and on line casino belongings, producing a sales of approximately €7.8m over the last year.
Commenting at the divestments, CEO Michael Daly said: “Today, we stand sturdy as a lean and strong business enterprise this is internet coins wonderful and geared to put money into destiny technology to power enlargement in our middle North American market.”