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.
Gambling.com Group (GAMB) has entered into a definitive agreement to acquire Odds Holdings, parent company of OddsJam, for an initial consideration of $80 million with potential additional payments up to $80 million based on performance through 2026. The transaction, expected to close on January 1, 2025, will be immediately accretive to GAMB's operating results.
Odds Holdings' platform processes over one million requests per second across nearly 300 sportsbooks, offering real-time odds data services. For 2024, Odds Holdings projects revenue of $26 million and Adjusted EBITDA of $12 million, with expected EBITDA growth of at least 20% in 2025. The initial $80 million purchase includes $70 million in cash and $10 million in GAMB shares, funded through an expanded credit facility.
Gambling.com Group (GAMB) reported strong Q3 2024 results with record revenue of $32.1 million, up 37% year-over-year. Net income rose 70% to $8.5 million, while Adjusted EBITDA more than doubled to $12.6 million. The company delivered over 116,000 new depositing customers, a 35% increase from the previous year. Based on strong performance, management raised full-year 2024 guidance to revenue of $125-127 million and Adjusted EBITDA of $46.5-48.5 million, representing growth of 16% and 29% respectively at midpoint.
Sportradar has secured two major wins at the 2024 American Gambling Awards, claiming both Betting Product of the Year for its 4Sight technology and Data Service Provider of the Year. The awards, presented by Gambling.com Group (GAMB), recognize excellence in the U.S. online gambling sector.
4Sight enhances sports streaming through AI-powered real-time animated overlays and insights within live sports streams, currently available for NBA, ATP Tennis, and Table Tennis. As Data Service Provider of the Year, Sportradar was acknowledged for delivering real-time data across 92 sports and nearly one million matches annually to over 800 global sportsbook clients.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has been named Payment Service Provider of the Year for the 2024 American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB). This accolade highlights Nuvei's leadership in iGaming payment solutions and its commitment to empowering operators in the regulated U.S. online gambling industry.
With over 20 years of expertise, Nuvei offers innovative payment solutions tailored to the highly regulated U.S. market, connecting operators to over 200 local acquirers and more than 700 alternative payment methods. The company's services address critical challenges such as regulatory compliance and optimization of player engagement.
Nuvei's adoption of Open Banking through its Instant Bank Transfer platform, powered by Clearing House's RTP Network, showcases its commitment to addressing key operator payment challenges, including speed, reliability, and user experience.
The American Gambling Awards has named Amy Howe, FanDuel Group CEO, as the C-Suite Executive of the Year for 2024. Since taking the role in 2021, Howe has driven significant growth and innovation at FanDuel. Under her leadership, the company launched the Women's Leadership Development Program and introduced The Pulse, an innovative real-time betting experience.
FanDuel became the first online sportsbook to achieve EBITDA profitability under Howe's guidance. She has also strengthened partnerships with major leagues like the NFL, NBA, WNBA, and MLB, offering exclusive streaming access to fans. The American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB), recognize excellence in the U.S. online gambling industry.
The American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB), has named Deutsche Bank and Macquarie Capital as co-winners of the Dealmaker of the Year award for 2024. This recognition is for their joint role as lead financial advisors on the $6.3 billion sale of International Game Technology's (IGT) Gaming and Digital Business to Apollo Funds in July 2024.
The transaction, which replaced a previously announced spin-off and merger with Everi Holdings, resulted from a strategic review initiated by IGT's Board in June 2023. It redefined IGT's future as a pure-play global lottery operator and showcased the winners' expertise in executing complex, cross-border deals in the gaming sector.
This marks Deutsche Bank's second time receiving this award, having first won in 2022. The American Gambling Awards are recognized as a benchmark for excellence in the regulated U.S. online gambling industry.
The American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB), has named Maryland State Delegate Vanessa Atterbeary as the 2024 Policymaker of the Year. This recognition highlights Del. Atterbeary's significant contributions to advancing iGaming legislation in Maryland.
Del. Atterbeary's bill is the only iGaming legislation in 2024 to pass one chamber of a state legislature. Her efforts focused on creating a regulatory environment that encourages innovation, ensures community involvement, and balances state revenue generation with local stakeholder and minority participation.
Charles Gillespie, CEO of Gambling.com Group, praised Del. Atterbeary's leadership, vision, and perseverance in advancing Maryland's iGaming legislation despite divided stakeholder groups. Her work is seen as setting Maryland on a path for future success in the iGaming space, supporting job growth, local business participation, and a competitive marketplace.
FanDuel has been named Online Sportsbook of the Year for the third consecutive time at the 2024 American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB). This recognition highlights FanDuel's exceptional customer experience and growth in sports betting.
Key achievements include:
- Introduction of 'The Pulse', a curated experience following major sports storylines, resulting in a 15% increase in live Same Game Parlays
- Strategic partnerships with the NFL and NBA driving significant growth
- A 37% year-over-year increase in new customers through a collaboration with the NFL and YouTube TV
- Best start to the NFL season in 2023, with total handle more than doubling and total bet count increasing by 163.4% year-over-year
FanDuel's continued innovation and partnerships solidify its position as America's #1 Sportsbook.
Kambi has been named Platform Provider of the Year for the 2024 American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB). This recognition highlights Kambi's commitment to innovation in sports betting, including recent expansions to their product portfolio. Key developments include:
1. Launch of Odds Feed+, offering efficient, low latency odds and bet settlement through a single API integration.
2. Upgrades to their Bet Builder product with in-play and cash-out options.
3. Introduction of Kambi Engage for streamlined access to third-party engagement solutions.
4. Advancements in AI-driven trading through their Tzeract division and Trading Gateway.
Kambi's commercial success is evident with 12 new partnerships signed during the judging period, including contracts with Bally's, LiveScore, and Svenska Spel, solidifying their position as a leading sportsbook platform supplier.
BetMGM (NYSE: MGM) has been named the 2024 "Online Casino of the Year" by the American Gambling Awards for the third consecutive year. This prestigious recognition, presented by Gambling.com Group (Nasdaq: GAMB), highlights BetMGM's leadership in the U.S. online gambling industry.
Key achievements include:
- Launching exclusive titles and first-to-market games, including the world's first online Buffalo slot
- Setting a U.S. record for the largest progressive jackpot at $6 million in New Jersey
- Becoming the exclusive home of NHL, MLB, and NBA-endorsed slot games
- Implementing innovative engagement strategies like the Super Bowl Spins Giveaway
- Expanding partnerships, including with Marriott Bonvoy for enhanced rewards options
- Strengthening responsible gaming initiatives through the GameSense program and partnership with Kindbridge Behavioral Health