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Catena Media’s Board of Directors has officially announced the appointment of Sean Hurley as a Non-Executive Director.
Hurley is set to fill the vacancy left by Per Widerström, who left to lead operator 888, effective upon the completion of all necessary filings with the Malta Business Registry.
His tenure will extend until the subsequent annual general meeting, in compliance with the Maltese Companies Act and Catena Media’s articles of association.
Upon joining Catena Media, Hurley commented: “Catena Media has entered an exciting new phase in its development and has a promising future ahead. I am delighted to have been asked to contribute my expertise as the company moves forward and further strengthens its position as an affiliate in North America.”
Sean Hurley’s appointment arrives amid strategic shifts within Catena Media, marked by its recent divestment of €19.8m ($21.6m) in Italian assets and the culmination of a comprehensive strategic review.
This review, initiated in May 2022, underscored the company’s pivot toward regulated markets in the Americas, resulting in divestments anticipated to yield a total of approximately €76m in proceeds.
The divestments include the sale of Italian online sports betting and casino assets, generating a revenue of approximately €7.8m over the past year.
Commenting on the divestments, CEO Michael Daly said: “Today, we stand strong as a lean and robust organisation that is net cash positive and geared to invest in future technologies to drive expansion in our core North American market.”
