Gambling.com Group has officially completed the deal to purchase the parent company of one of the most popular sports betting platforms, OddsJam.Announced in late 2024,...
Gambling.com moves to acquire Spotlight.Vegas
Gambling.com will be acquiring Las Vegas-based booking platform Spotlight.Vegas in a deal worth up to $30M.
In the Spotlight.Vegas deal, Gambling.com will pay $8M after closing, plus up to $22M more if certain performance targets are met by 2027. With the sale planned to be closed by the end of September, Gambling.com expects the platform to make at least $8M in net revenue and add $1.4M in adjusted EBITDA in 2026.
Chief executive and co-founder of Gambling.com Charles Gillespie commented:
“As we continue to invest to expand our footprint in the gambling and entertainment ecosystem, the strategic acquisition of Spotlight.Vegas provides us with yet another scalable technology platform which complements our existing portfolio and moves us another step closer to our goal of $100m in Adjusted EBITDA.”
Gambling.com said the booking platform made $30M in sales in 2024 and works with over 40 clients, including entertainment venues and several land-based casinos.
Gillespie went on to state:
“The addition of this custom-built booking platform will help drive further monetization of our audience, expands our client base to include land-based operators and gives our digital professionals a new platform to show off their industry leading marketing talent. We are confident that we can better operate this asset through optimized marketing spend and improved conversion. Medium and long term, we expect to deploy the technology on our owned and operated sites like Casinos.com and take it beyond Las Vegas.”
The CEO noted the company’s history of M&A deals, including RotoWire, BonusFinder, Freebets.com, OddsJam, and OpticOdds, highlighting its strong track record of finding and closing strategic acquisitions in a cost-efficient way.
The news about the Spotlight.Vegas deal came alongside Q2 results, with Gambling.com reporting $39.6m in revenue and $13.7m in adjusted EBITDA: up 30% and 22%, respectively. According to the co-founder, this growth was fueled by two main factors: moving away from relying only on search and building a more omnichannel marketing approach, and expanding into new revenue streams beyond marketing, such as sports data services.
Gillespie said the company’s sports data services grew faster in the quarter, even with seasonal slowdowns, making up over 25% of total revenue, all coming from high-margin, recurring subscription sales. He added that growth should continue as more operators use OpticOdds’ data and the updated RotoWire product and brand.
Gambling.com Group announced its Q3 results, highlighting the rise of its operating revenues to 37%.
Gambling.com Group is a performance marketing and sports betting media...
