{"id":7868,"date":"2024-12-16T13:39:37","date_gmt":"2024-12-16T13:39:37","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=7868"},"modified":"2024-12-16T13:39:43","modified_gmt":"2024-12-16T13:39:43","slug":"gambling-com-acquires-odds-holdings-for-160-million","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/12\/16\/gambling-com-acquires-odds-holdings-for-160-million\/","title":{"rendered":"Gambling.com Acquires Odds Holdings for $160 Million"},"content":{"rendered":"\n

In the biggest acquisition in the company\u2019s history, Gambling.com Group<\/strong> has agreed to buy Odds Holdings<\/strong>, the parent company of OddsJam<\/strong> for a total potential valuation of $160 million.<\/p>\n\n\n\n

OddsJam is a consumer-facing subscription brand that offers real-time odds information for sports bettors. Gambling.com Group calls OddsJam the industry\u2019s most advanced technology platform, noting it processes an average of over one million requests per second across nearly 300 sportsbooks.<\/p>\n\n\n\n

The acquisition will expand Gambling.com Group\u2019s online gambling industry footprint and provide recurring revenue from consumer subscription products and enterprise clients. <\/p>\n\n\n\n

Gambling.com Group will pay $70 million in cash and $10 million in Gambling.com Group ordinary shares up front. An additional $80 million in payments will be made if Odds Holdings doubles its adjusted EBITDA by 2026 compared to 2024. Half of that contingent payment could be paid in ordinary shares.<\/p>\n\n\n\n

\u201cThe accretive acquisition of Odds Holdings will immediately provide Gambling.com Group with additional, recurring revenue streams which are independent of our market-leading online gambling affiliate business,\u201d said Gambling.com Group Co-Founder and CEO Charles Gillespie<\/strong>.<\/p>\n\n\n\n

Gillespie added that Odds Holdings will help to support Gambling.com\u2019s goal of reaching $100 million in annual adjusted EBITDA. For 2024, Odds Holdings expects to generate revenue and adjusted EBITDA of around $26 million and $12 million, respectively. Gambling.com expects that under its management, adjusted EBITDA derived from the Odds Holdings assets will grow by at least 20% in 2025.<\/p>\n\n\n\n

The deal is expected to close to on Jan. 1, 2025, subject to customary closing conditions. Odds Holdings\u2019 team, including OddsJam founders Ankit Goyal<\/strong> and Alex Monahan<\/strong> and CEO Matt Restivo<\/strong>, will join Gambling.com Group.<\/p>\n\n\n\n

\u201cCombining with a tech-focused leader in the global online gambling industry like Gambling.com Group is the natural next step for Odds Holdings,\u201d said Restivo. \u201cBy leveraging Gambling.com Group\u2019s expertise, innovation and resources we will be optimally positioned to scale our technology and data-driven insights to reach an even larger audience of online bettors, including beyond the North American market.\u201d<\/p>\n\n\n\n

The OddsJam acquisition is the biggest of a flurry of acquisitions Gambling.com Group has made in 2024.<\/p>\n\n\n\n

In April, it completed the purchase of XLMedia<\/strong>\u2019s European and Canadian sports betting and gaming assets, including Freebets.com, WhichBingo.co.uk, Nettiskasinot.com and Vedonlyonti.com<\/strong>.<\/p>\n\n\n\n

That deal, which was first announced in March, was worth between $37.5 million and $42.5 million in total consideration.<\/p>\n\n\n\n

Gambling.com Group has projected perhaps the biggest image of resilience of any gambling affiliate in the North American market this year amid Google changes and other industry challenges. Last month, it reported a quarterly record of $32.1 million in revenue, up 37% year-over-year, as well as 108% growth in adjusted EBITDA to $12.5 million.<\/p>\n\n\n\n

As a result of its third-quarter growth, Gambling.com Group raised its full-year revenue and adjusted EBITDA guidance for FY2024 to midpoints of $126 million and $47.5 million, respectively.<\/p>\n\n\n\n

Don’t forget to subscribe to our Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

In the biggest acquisition in the company\u2019s history, Gambling.com Group has agreed to buy Odds Holdings, the parent company of OddsJam for a total potential valuation of $160 million. OddsJam is a consumer-facing subscription brand that offers real-time odds information for sports bettors. Gambling.com Group calls OddsJam the industry\u2019s most advanced technology platform, noting it […]<\/p>\n","protected":false},"author":7,"featured_media":7869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[7,1,564],"tags":[10849,10850,9467,9466,10846,10847,10848,8758],"class_list":["post-7868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-igaming","category-news","category-slider","tag-alex-monahan","tag-ankit-goyal","tag-charles-gillespie","tag-gambling-com-group","tag-matt-restivo","tag-odds-holdings","tag-oddsjam","tag-xlmedia"],"yoast_head":"\nGambling.com Acquires Odds Holdings for $160 Million - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/12\/16\/gambling-com-acquires-odds-holdings-for-160-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gambling.com Acquires Odds Holdings for $160 Million - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"In the biggest acquisition in the company\u2019s history, Gambling.com Group has agreed to buy Odds Holdings, the parent company of OddsJam for a total potential valuation of $160 million. 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