Catena Media scraps AI project after decline in sports betting revenue

Catena Media canceled its burgeoning AI project less than a year after claiming it would revolutionize the business.

The CEO partially attributed the 19% year-on-year decline in new depositing customers to the absence of new states launching.

The CEO pointed out that the casino segment did not grow either, but the majority of the losses were caused by declines in sports betting revenue.
 
Back
Top