Welcome to our dedicated page for Gambling.Com Group news (Ticker: GAMB), a resource for investors and traders seeking the latest updates and insights on Gambling.Com Group stock.
Gambling.com Group Limited (Nasdaq: GAMB) is a provider of marketing and sports data services for the global online gambling industry, and its news flow reflects activity across regulated iGaming and sports betting markets. Company announcements highlight developments in its marketing services, sports data offerings and portfolio of more than 50 gambling-focused websites.
News about Gambling.com Group often covers financial results, including revenue from marketing services and sports data services, as well as metrics such as new depositing customers and recurring subscription revenue. The company reports on initiatives to diversify traffic sources for its marketing business and investments to expand sports data products under brands like OddsJam, OpticOdds and RotoWire.
Readers can also expect updates on market expansion and regulatory milestones. For example, the Group has announced readiness to support legal online sports betting launches in new U.S. states through state-focused sites such as BetMissouri.com and through its OpticOdds sports data division. These updates describe how the company works with Missouri-licensed or other state-licensed operators and provides real-time odds, data and marketing services.
Another recurring theme in GAMB news is industry recognition and thought leadership. Gambling.com Group produces the American Gambling Awards, which recognize platform providers, data service providers, gaming products, regulators and policymakers in the regulated U.S. online gambling sector. Press releases detail award winners and highlight developments in responsible gaming, regulatory enforcement and technology.
In addition, the Group’s Casinos.com and other brands publish content-driven announcements, such as the Slots Hall of Fame and player-voted awards for slot games. Together, these news items provide insight into Gambling.com Group’s role in connecting consumers with regulated gambling experiences and in spotlighting trends across the online gambling ecosystem.
Investors and industry followers can use this news feed to monitor GAMB’s financial performance, acquisitions, product evolution, regulatory developments and broader contributions to the online gambling industry.
Gannett Co. (NYSE: GCI) has announced a multi-year strategic partnership with Gambling.com Group (NASDAQ: GAMB), aimed at enhancing its digital media capabilities in the online sports betting and iGaming sectors. This collaboration will leverage Gannett's expansive USA TODAY Network to deliver expert insights and betting content to sports enthusiasts across the U.S. The partnership is expected to be accretive to Gannett's EBITDA and free cash flow, especially as more states regulate online gambling. The integration will utilize Gambling.com’s proprietary data science platform, offering real-time betting analysis and reviews across various media platforms.
Gambling.com Group Limited (Nasdaq: GAMB) is set to provide marketing services for licensed online sports betting operators in Ohio, with the market launch on January 1, 2023. The Group's dedicated site, BetOhio.com, has positioned itself as a key resource, reporting that 15% of Ohio adults are likely to place legal sports bets. With a population exceeding 8 million, Ohio becomes the first U.S. state to launch legal online sports betting in 2023, marking a significant opportunity for Gambling.com Group to help operators acquire players.
The 2022 American Gambling Awards recognized leaders in the U.S. regulated online gambling industry. Hosted by Gambling.com Group (Nasdaq: GAMB), the awards culminated in a VIP dinner in New York on December 1. Notable winners included FanDuel Group as Online Sportsbook of the Year and BetMGM as Online Casino of the Year. The awards showcased over 40 finalists judged by distinguished industry experts, with winners receiving the exclusive Golden Eagle trophy, a symbol of achievement in this sector.
Gambling.com Group (Nasdaq: GAMB) has announced that FanDuel Group has been awarded the title of “Online Sportsbook of the Year” at the 2022 American Gambling Awards. This accolade recognizes FanDuel’s excellence in customer engagement and innovative promotions, such as Same Game Parlay+. The award highlights FanDuel's effectiveness in enhancing user experience through new withdrawal options and faster transaction processes. CEO Charles Gillespie praised FanDuel's commitment to customer satisfaction as a key differentiator in the competitive U.S. online sports betting market.
BetMGM has been awarded 'Online Casino of the Year' at the 2022 American Gambling Awards, reflecting its leadership in the iGaming sector. With a substantial 30% market share across New Jersey, West Virginia, Pennsylvania, and Michigan, BetMGM's recognition is attributed to its diverse game offerings, effective marketing strategies, and strong organizational growth in 2022. The award emphasizes BetMGM's commitment to innovation and responsible gaming practices, available in the BetMGM app, which recently expanded to Maryland.
The American Gambling Awards have named Underdog Fantasy as the 2022 “Fantasy Sports Site of the Year.” Underdog Fantasy, valued at $485 million, stood out for its unique products and a customer base exceeding six figures. Its NFL “Best Ball” game features a $10 million grand prize, marking a significant increase from previous years. CEO Charles Gillespie emphasized the company's innovative approach to customer experience. As of October 31, 2022, Gambling.com Group operates over 50 websites, solidifying its position in the online gambling industry.
The American Gambling Awards announced Deutsche Bank as the 2022 "Dealmaker of the Year." This recognition is linked to Deutsche Bank's role as the sole advisor for Caesars Entertainment's acquisition of William Hill PLC for approximately £2.9 billion in April 2021. The deal, which included the subsequent sale of non-U.S. assets to 888 Holdings PLC, significantly influenced the U.S. gaming landscape. Charles Gillespie, CEO of Gambling.com Group (Nasdaq: GAMB), praised the award, highlighting Deutsche Bank’s expertise in complex gaming industry transactions.
Gambling.com Group (NASDAQ: GAMB) announced that Evolution's Lightning Roulette U.S. was awarded the 2022 'Gaming Product of the Year' at the American Gambling Awards. This live game show enhances the classic Roulette experience with advanced multipliers, offering players higher payouts. Evolution, a leader in B2B online casino solutions, has over 600 operators using its products. CEO Charles Gillespie praised the innovative contribution of Lightning Roulette to the online gaming market, emphasizing Evolution's role in setting industry standards.
Gambling.com Group (Nasdaq: GAMB) reported strong Q3 2022 results, with revenue increasing 94% to $19.6 million and Adjusted EBITDA rising 32% to $6.4 million. The company generated free cash flow of $4.9 million, driven by a significant 299% revenue growth in North America, totaling $9.1 million. Additionally, the Board authorized a $10 million share repurchase program. For the full fiscal year 2022, the company maintains its revenue guidance of $71-76 million and Adjusted EBITDA of $22-27 million, reflecting continued growth and operational efficiency.
Gambling.com Group Limited (Nasdaq: GAMB) announced that Kambi has been awarded the 2022 'Platform Provider of the Year' at the American Gambling Awards. Kambi's innovative Bet Builder, launched for the 2021-2022 NFL season, enhances their market position with superior parlay product features. The Group, recognized as a leader in player acquisition services for the online gambling sector, operates over 50 websites globally. CEO Charles Gillespie highlighted Kambi's excellence in sports betting technology, affirming their status as a top supplier in the industry.
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