The leading iGaming affiliate, Catena Media, announced an important senior-level appointment today. The company confirmed that its board of directors decided to appoint the seasoned executive, Sean Hurley, as non-executive director. Joining Catena, he fills in the role that was vacated by Per Widerström back in August this year. At the time, Widerström said that he decided to step down and take on the position of chief executive officer at 888 Holdings.

Catena confirmed that Hurley’s appointment to its board of directors will come into effect once the required regulatory filings with the Malta Business Registry are completed. The company revealed that the term of the new non-executive director would last through the end of its next annual general meeting. This requirement, Catena said, is in line with the Maltese Companies Act as well as the company’s articles of association.

Ahead of the appointment of the new non-executive director, Catena confirmed the divestment of its Italian assets earlier this month. At the time, the company revealed that the divestment of its casino and sports assets in Italy was completed in two details totaling $21.7 million. This achievement also marked the completion of its strategic review that sought to boost the company’s focus on markets across the Americas.

Hurley Is Thrilled to Join Catena’s Board of Directors

Becoming a part of the board of directors at Catena brought excitement for Hurley. He said that it is thrilling to join the company at such an important phase in its growth and development. Finally, Hurley explained: “I am delighted to have been asked to contribute my expertise as the company moves forward and further strengthens its position as a leading affiliate in North America.”

“Catena Media has entered an exciting new phase in its development and has a promising future ahead.“

Sean Hurley, non-executive director at Catena Media

As a seasoned expert, Hurley brings a wide range of skills and knowledge from the betting and gaming sectors. Overall, he spent more than 13 years within the vertical, proving himself as a leading advisor, experienced executive and investor. Throughout his extensive career within the sports betting, casino and social gaming sectors, Hurley held different important senior-level positions related to affiliate and business-to-consumer relations. He also held important positions related to the business-to-business sector.

Earlier this month, Catena posted its Q3 results, showing a revenue decrease of 28% year-over-year. Besides revenue, the company’s adjusted EBITDA from continuing operations halted at $3.4 million, representing a decrease of 65%.

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Haig Asenbauer, who is a lawyer by profession and works as a partner at Asenbauer Rechtsanwaelte GmbH in Vienna, Austria, is also present with Novomatic AG, where he serves as deputy chair.

Asenbauer Brings Value and Expertise to Ainsworth at Time of Growth

Novomatic currently owns 52% of Ainsworth’s stock, which it acquired back in June 2021. In appointing Asenbauer, Ainsworth did file a notice with the Australian Stock Exchange, notifying that while the potential for conflicts of interest was there, the company would ensure that it observes strict governance protocols so that his involvement is limited to areas outside of those “conflict areas.”

Danny Gladstone, chairman at Ainsworth, welcomed Asenbauer and said that the man’s extensive knowledge would prove invaluable to the company. He referred to his successful track record with Novomatic and argued that having Asenbauer would add more skills and expertise.

Ainsworth, or Ainsworth Game Technology as the company is known by its full name, has been reporting good results of late. The company hit $84 million in revenue in the six months to December 31, 2022, which marked a 23.4% year-over-year increase.

The company reported strong performance across all of its geographies, reflective of the fact that Ainsworth has been doing well in its overall business relationships overseas. Latin American has yielded serious gains for the company, with Ainsworth gaining from the reopening of properties in Mexico and Peru.

Even back home, Ainsworth has been doing very well with New South Wales driving a good $22 million for the company during the reported period. Asenbauer steps in at a time when the company is experiencing a significant economic uptake which is likely to continue in the first half-year of 2023 as well.

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