..

Gambling.com Group Completes Acquisition of RotoWire

Written by:
Press Release
Published on:
Jan/03/2022

Gambling.com Group Limited (Nasdaq: GAMB) ("Gambling.com Group" or the "Group"), a leading provider of player acquisition services for the regulated global online gambling industry, today announced the successful completion of its planned acquisition of Roto Sports, Inc. ("Roto Sports"), operator of RotoWire.com ("RotoWire"), a popular provider of expert fantasy sports news and advice.

"We completed the acquisition according to our internal timelines on January 1st, 2022 and thank the RotoWire team for their professionalism and availability through the holiday period. We will consolidate Roto Sports into our Group Financial Statements from January 1st, 2022," said Elias Mark, Chief Financial Officer at Gambling.com Group.

Transaction Highlights:

•  Attractive financial profile: The aggregate purchase price is $27.5 million, of which $7.5 million is deferred over a two-year period following closing. The aggregate purchase price is expected to be approximately four times Roto Sports’ estimated 2021 revenue. 

•  Dominant player in U.S. fantasy sports: RotoWire had more than 100,000 paid subscriptions and more than 17 million unique web visitors in the last 12 months. Its content reaches millions of additional sports fans through distribution arrangements with some of the largest sports media organizations in the U.S.

•  The authority to lead in U.S. online sport betting: RotoWire’s quarter century track record of being a leading authority in fantasy sports gives it the expertise to make sports betting recommendations that American consumers will trust.

“Over the past 25 years, Peter and the RotoWire team have produced some of the best fantasy sports content in America and have in turn embedded their business into the heart of the American sports experience,” said Charles Gillespie, Chief Executive Officer of Gambling.com Group. “Commercially, the RotoWire business has three different  revenue streams, each generating over $1 million per year, which give it significant reach into sports media organizations as well as with advertisers and individual sports fans. These deep and long-lasting customer relationships are an ideal platform from which to capitalize on the new era of American sports – the betting and gaming era.”

Gambling News

Catena Anticipates Job Cuts in Europe

Catena Anticipates Job Cuts in Europe

The company announced that it is expanding the strategic review it initiated on 20 May to its entire European online sports betting and casino affiliation business.

Kroger to Allow Sports Betting

Supermarket chain has applied for a sports betting license in this U.S. state.....

Field of Dreams Game Prop Bets for 2022 - Including Will Ray Liotta Be Mentioned

Field of Dreams Game Prop Bets for 2022 - Including Will Ray Liotta Be Mentioned

The August 11, 2022 game will be played near Field of Dreams in Dyersville, Iowa, a site popularized by the 1989 baseball film Field of Dreams.

5 NFL Betting Tips to Keep Your Career Started

One of the most popular forms of sports betting nowadays is NFL betting. It's also one of the most lucrative, so many people tune in to the games to get entertained and win bets.

Super Bowl 57 Winning States, Blue and Red - Latest Odds

Super Bowl 57 Winning States, Blue and Red - Latest Odds

Of course, California with its three Super Bowl competitive teams and the reigning champion LA Rams was favored at +350 and pays $350 for every $100 bet.

Syndicate