Catena Media has announced an expansion of its strategic review, which will now cover its entire European business

Catena Media has announced an elaboration of its strategical review, which will at present compensate its full European business.

The review, which was launched inwards May, was intended to explore the sales agreement of certain assets, including those inward Catena’s financial trading section and the AskGamblers brand.

However, Catena has at present enlarged the compass of its critique to capsule the company’s intact European online sports betting and casino association concern as it looks to carry through at least €5m ($5.1m) per year.

Catena said its European business has “faced challenges inwards recent years,” challenges related to regulatory changes in the UK, Sweden, Germany and the Netherlands.

General marketplace developments make also affected the company’s outlook inwards Europe, specially inward consider to gambling casino operations.

As a result, Catena is looking for to “identify efficiencies” and “free upwards resources” inward an elbow grease to take vantage of opportunities elsewhere, videlicet inwards North America, Latin America and the Asia-Pacific region.

“The expanded strategic brush up seeks to discover efficiencies inward Catena Media’s European operations and to growth the group’s direction on higher security deposit opportunities within the region,” Catena Media stated.

“The intention is to release upward resources to capitalise on maturation opportunities in the fast-growing North American business sector and in the Asia-Pacific and Latin American regions, thus creating maximum time value for the troupe and its shareholders sledding forward.”

Catena will also move into into a formal interview appendage for “potentially affected UK- and Malta-based roles.” The troupe aims to provide an update on the outcome before the finish of September.