Freebets.com
Gambling.com Group Completes Acquisition of Freebets.com and Related Assets
Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Company”), a leading provider of player acquisition services for the regulated global online gambling industry, announced today that it completed the previously announced acquisition of Freebets.com and related assets. The Company anticipates these assets will generate revenue of approximately $10.0 million and incremental Adjusted EBITDA of approximately $5.0 million over the balance of 2024.
Charles Gillespie, Chief Executive Officer and Co-Founder of Gambling.com Group, commented, “While expansion of gambling in the U.S. grabs all the headlines these days, many of the industry’s most attractive markets remain in Europe, the historical home of the industry. I expect this acquisition to fundamentally change the balance of power within the European online gambling affiliate market and provide Gambling.com Group with a clear path to drive further growth in both our existing European markets as well as new ones. As part of the transaction, we are gaining a number of new colleagues in the region. I look forward to sharing our leading technology platform and high performance culture with our new team members.”
The Company acquired Freebets.com and the related assets for total consideration of between $37.5 million and $42.5 million, consisting of $20.0 million that was paid on the closing, with an additional $10.0 million to be paid on the six-month anniversary of closing and between $7.5 million and $12.5 million to be paid on the one-year anniversary of the closing subject to the revenue performance of the assets during the remainder of 2024.
-
Asia6 days ago
Government support, medals, and global recognition define a landmark year for Indian esports and video gaming in 2024
-
AGCO6 days ago
Jackpot Digital Receives Approval from AGCO as a Registered Gaming Supplier
-
Australia6 days ago
Regulating the Game 2025 adds masterclass on safer gambling training and customer care
-
Australia4 days ago
AUSTRAC Takes Ladbrokes and Neds’ Operator – Entain – to Federal Court Over Serious Non-compliance with Australia’s Money Laundering Laws
-
Balkans6 days ago
EGT is a “True Leader” again, according to ICAP CRIF
-
Australia5 days ago
Christine Howlett Appointed as New Commissioner of NSW Independent Casino Commission
-
Africa5 days ago
Altenar obtains National Manufacturer licence in South Africa
-
Balkans6 days ago
Spinomenal strikes partnership with Admiral Croatia