Charlotte, NickAnd December 13, 2021 /PRNewswire/ – Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or “Group”), the leading provider of player acquisition services to the global regulated online gambling industry, has announced that it has entered into a definitive agreement to acquire Roto Sports, Inc. (“Roto Sports”), the operator of RotoWire.com (“RotoWire”), a renowned provider of specialized fantasy sports news and advice. The deal is expected to close early January 2022 It is subject to customary closing conditions.
The acquisition of RotoWire will immediately expand the Gambling.com Group’s presence in the United States, and is expected to result in an immediate increase in profits for fiscal year 2022. The group will leverage RotoWire’s existing audience, content library, talented workforce, media partnerships, and trust with American sports fans to accelerate RotoWire’s business The group is already fast growing in the US online sports betting market. Gambling.com believes that RotoWire’s popular digital assets – when combined with the group’s digital expertise and technology platform – will generate significant and incremental revenue from affiliates in the rapidly expanding sports betting environment.
- Attractive financial profile: The total purchase price is $27.5 million, Of which $7.5 million Deferred over two years after closing. The total purchase price is expected to be four times the estimated revenue of Roto Sports for 2021.
- A dominant player in American fantasy sportsRotoWire: RotoWire has over 100,000 paid subscriptions and over 17 million unique visitors to the web 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 United States
- Online sports betting leadership authority in the US: RotoWire’s quarter-century track record of being a leading authority in fantasy sports gives it the expertise to deliver sports betting recommendations that American consumers trust.
“Over the past 25 years, Peter and the RotoWire team have produced some of the best fantasy sports content in America and in turn have embed their work at the heart of the American sports experience,” Charles GillespieGambling.com Group CEO. Commercially, the RotoWire business has three different revenue streams, each of which produces more 1 million dollars annually, giving it significant access to sports media organizations as well as with advertisers and individual sports fans. These deep and long-standing relationships with clients are an ideal platform from which to take advantage of the new era of American sports – the era of betting and gaming.”
Peter SchwenkRotoWire President and former President of the Fantasy Sports & Gaming Association,United State Entering a whole new world of sports fans and joining forces with Gambling.com Group will accelerate RotoWire’s growth. Gambling.com’s resources and expertise will help RotoWire rapidly develop sports betting offerings to take full advantage of this new era.”
Terms of the deal
The total purchase price is $27.5 million. The group will pay $20.0 million In conclusion, it consists of $15.0 million cash and 5.0 million dollars In newly issued unregistered common stock, which is valued on the volume-weighted average price of the previous 10 trading days. The group will pay 2.5 million dollars And 5.0 million dollars On the first and second anniversaries of the shutdown, respectively, neither is dependent on RotoWire’s financial performance. The Group has the ability to choose to pay up to 50% of all deferred amounts in unregistered common stock.
“We will begin work on expanding sports betting content and tools across RotoWire’s digital assets right after the shutdown,” Gillespie said. “We believe that the combination of these two complementary operations creates an immediate increase in our financial earnings for 2022 and establishes a leadership position in US sports betting that will create value in the near term, and especially in the long term, for our shareholders.”
Gambling.com management will host a conference call and webcast to discuss the transaction as well as provide an update on recent asset acquisitions.
date/time: Tuesday 14 December 2021 in a 8:00 a.m. ET
US Toll Free: 877-407-0890
International Contact Number: +1-201-389-0918
For more information, please contact:
modes: Derek Brockmeier, Gambling Group.com, [email protected], 616-528-0882
Investors: Ross Collins, Alpha-IR group, [email protected], 312-445-2877
About the Gambling.com Group
Gambling.com Group Limited (Nasdaq: GAMB) is a multi-award winning performance marketing company and a leading provider of digital marketing services exclusively active in the online gambling industry. The group operates from offices in IrelandAnd United State, And Malta. Through its technology platform, the group publishes a range of leading branded websites including Gambling.com and Bookies.com. Founded in 2006, the group owns and operates more than 30 websites in six languages in 13 national markets covering all aspects of the online gambling industry, which includes iGaming and sports betting.
Cautionary note regarding forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Stock Exchange Act and the safe harbor provisions of the US Securities Litigation Reform Act of 1995, which relate to our current expectations and opinions regarding future events. All statements other than statements of historical facts in this presentation, including statements regarding Roto Sports revenue for 2022 and whether the transaction will drive revenue in the sports betting environment, will accelerate RotoWire’s growth and increase our profits for 2022. These statements represent our opinions, expectations or Our beliefs, intentions, estimates or strategies regarding the future, which may not come true. In some cases, you may identify forward-looking statements by terms such as “believes,” “may,” “estimate,” “continue,” “expect,” “intends,” “should,” “plan,” “expect,” “expect” “possible,” “could,” “will,” “will,” “ongoing,” “prospective,” or negative of these or other similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain words Definition These forward-looking statements are largely based on our current expectations and expectations about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short and long-term business operations, objectives and financial needs These forward-looking statements involve known and unknown risks. uncertainties, contingencies, changes in circumstances that are difficult to predict, and other significant factors that could cause our actual results, performance or achievements to differ materially and/or materially from any future results, performance or achievements expressed or implied by the forward-looking statement. Important factors that may lead to imbalance Actual results are materially different from our expectations under the caption “Risk Factors” in Gambling.com Group Prospectus pursuant to Rule 424(b) filed with the US Securities and Exchange Commission (“SEC”) on July 23, 2021, and other Gambling.com Group filings The SEC has where these factors may be updated from time to time. Any forward-looking statements contained in this press release speak only as of the date of this release, and therefore you should not place undue reliance on such statements. Gambling.com disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
SOURCE Gambling.com مجموعة Group