Gambling.com Group Acquires Odds Holdings to Boost Growth

Gambling.com Group Expands Its Reach with Odds Holdings Acquisition

Gambling.com Group, a leader in digital marketing services for the online gambling sector, is making waves with its recent decision to acquire Odds Holdings, the parent company of the innovative platform OddsJam. This agreement is set to fortify Gambling.com Group's presence within the industry, focusing on delivering exceptional services to online bettors. The acquisition is believed to be an important step tailored toward scaling revenue streams, enhancing customer experiences, and tapping into the technology-driven edge offered by OddsJam.

A Strategic Milestone in Gambling.com Group's Journey

With the agreement, stockholders of Odds Holdings stand to gain an initial consideration of $80 million from Gambling.com Group, with the potential to earn an additional $80 million based on the company's performance by the end of 2026. This strategic acquisition signifies an important shift, as Gambling.com aims to amplify its portfolio, reinforcing its status in the fast-evolving online gambling landscape.

Exceptional Technology and Data Utilization

Odds Holdings offers a cutting-edge platform that specializes in delivering real-time odds data, making it a game-changer in the sports betting arena. The OddsJam brand stands at the forefront, delivering premier odds information through user-friendly applications and websites, which empower sports enthusiasts to make informed decisions. By processing over one million requests per second and managing multiple terabytes of data daily, Odds Holdings showcases the operational prowess necessary to support a diverse clientele, including enterprises in need of accurate odds data.

Financial Implications of the Acquisition

As the deal is projected to close in early 2025, it is anticipated to be immediately accretive to Gambling.com Group's financial standing. With Expectations for Odds Holdings pegged at approximately $26 million in revenue and $12 million in Adjusted EBITDA for 2024, the potential for significant growth is evident. Under Gambling.com’s guidance, an anticipated 20% growth in Adjusted EBITDA from these assets is projected for 2025; thus, the acquisition promises not only an expansion in scope but also in financial performance.

The Outlook for Gambling.com Group

The acquisition will enable Gambling.com Group to leverage existing partner relationships and significantly grow Odds Holdings' enterprise business. By integrating at an early stage, the company is setting out to develop a longer-term strategy that aligns with goals to reach $100 million in annual Adjusted EBITDA.

Leadership and Future Planning

Notably, the team behind Odds Holdings, including its founders Ankit Goyal and Alex Monahan, along with CEO Matt Restivo, will join Gambling.com Group, signaling a harmonious merge of expertise and innovation. Their insights and background in technology-driven odds data are expected to bolster the group’s capabilities as they position themselves for future expansion.

This acquisition exemplifies Gambling.com Group's philosophy of expanding through strategic measures while also harnessing organic growth. The company has successfully integrated previous acquisitions like RotoWire and BonusFinder, which have paved the way for a resilient and growing financial picture.

About Gambling.com Group

Established in 2006, Gambling.com Group (Nasdaq: GAMB) has evolved into a prominent digital marketing provider in the global gambling sector. With a diverse array of branded websites like Gambling.com, Bookies.com, and Casinos.com, the company operates over 50 websites, serving a multitude of markets across different languages. The commitment to technology innovation has allowed Gambling.com Group to maintain a competitive edge in the industry.

About OddsJam

OddsJam has made a name for itself by offering an array of tools tailored to sports betting, including a robust odds comparison tool and a suite of features aimed at maximizing profitability for bettors. With offerings like Positive EV Betting, Arbitrage Betting, and a Fantasy Optimizer tool, OddsJam strives to simplify the betting experience by equipping users with actionable data and tips.

Frequently Asked Questions

What is the significance of Gambling.com Group's acquisition of Odds Holdings?

The acquisition enhances Gambling.com Group's market footprint and introduces advanced technology designed for real-time odds data, creating additional revenue streams.

How will the acquisition impact Odds Holdings' performance?

It is projected that under Gambling.com Group's management, Odds Holdings will experience at least a 20% growth in Adjusted EBITDA in the coming years.

What technologies does OddsJam offer to bettors?

OddsJam provides various analytical tools, including an odds comparison tool, positive EV betting opportunities, and features for daily fantasy sports, making it a valuable resource for sports bettors.

What are the future plans of Gambling.com Group following this acquisition?

The company aims to grow its revenue and reach a target of $100 million in annual Adjusted EBITDA by leveraging Odds Holdings’ assets and technology.

Who are the key players involved in this acquisition?

The leaders such as Charles Gillespie, Ankit Goyal, Alex Monahan, and Matt Restivo play pivotal roles in integrating their respective organizations for future growth.

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