The acquisition of Odds Holdings, valued at up to $160 million, marks a significant step in Gambling.com Group’s expansion, enhancing its live dealer offerings and establishing a stronger foothold in the dynamic online casino industry.
Key Points:
- Gambling.com Group successfully acquires Odds Holdings for up to $160 million
- The deal boosts the Group’s portfolio with real-time odds data technology, as well as recurring revenue streams
- Odds Holdings expects to generate $26 million in revenue in 2024, with a growth projection of at least 20% by 2025
Gambling.com Group has completed its acquisition of Odds Holdings, the parent company of OddsJam, strengthening its position in the online gambling space. The deal, valued at up to $160 million, includes an initial purchase price of $80 million with additional payments based on performance through 2026. The acquisition will provide the Group with an expanded technology suite, enhancing their
live casino studio online offerings, which includes cutting-edge
Evolution games and
roulette low cost live studio options.
With a projected $26 million in revenue for 2024 and expected growth of at least 20% in 2025, the acquisition of Odds Holdings offers significant potential for recurring revenue streams, independent of Gambling.com Group’s established affiliate business. This strategic acquisition is expected to strengthen the company’s offering, adding real-time odds data technology and new consumer audiences, which could further bolster their
Casinos for sale segment and expand partnerships with
game developers.
Gambling.com Group CEO Charles Gillespie expressed his enthusiasm for the deal, stating: “The acquisition of Odds Holdings will immediately provide us with additional recurring revenue streams and enhance our live studio experience, as we expand our footprint in the online gambling industry. Their technology platform and products have a clear market fit and will complement our growing
casino studio online presence.”
The integration of OddsJam’s technology is set to drive immediate financial benefits for Gambling.com Group. The Odds Holdings team, including founders Ankit Goyal and Alex Monahan, and CEO Matt Restivo, will join Gambling.com Group, strengthening the overall capabilities of the company’s team.
The deal has been financed through a combination of cash, shares, and an expanded $100 million credit facility from Wells Fargo. With the integration of
live dealer products and advanced technology, Gambling.com Group is well-positioned for accelerated growth in the coming years.
